Meezan Bank
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Public Limited | |
Traded as | PSX: MEBL |
Industry | Islamic Banking, Commercial Banking |
Founded | 1997 |
Headquarters | Karachi, Pakistan |
Key people | [Irfan Siddiqui, CEO & President][Ariful Islam, Deputy CEO & Executive Director][Dr. Imran Usmani, Shariah Advisor][Sohail Khan, Head of Learning & Corporate Communication] |
Products | Murabaha, Ijarah, Diminishing Musharakah, VISA Debit Card, Saving Accounts, Consumer Banking etc |
Revenue |
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Total assets |
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Number of employees | 8,500+[1] |
Website | www.meezanbank.com |
Meezan Bank (Urdu میزان بینک) is the first and largest Islamic commercial Bank of Pakistan. The Bank is headquartered in Meezan House - Karachi, Pakistan. It has a network of over 600 branches in more than 159 cities of Pakistan. It commenced operations in 2002 when State Bank of Pakistan issued first-ever license for Islamic commercial banking. The Bank has a market share of 35% in Islamic banking industry of the country.
JCR-VIS Credit Rating Company Limited, an affiliate of Japan Credit Rating Agency, has rated the Bank’s short term rating at A1+ (A-One Plus), the highest standard in short term rating, and the long-term entity rating at AA (Double A) with “Stable” outlook, making it the only Islamic bank with AA credit rating in the Islamic banking industry of Pakistan.
Shareholding structure
- Noor Financial Investment Company, Kuwait 49.11%
- Pakistan Kuwait Investment Company (Pvt.) Limited 30.00%
- Islamic Development Bank, Jeddah 9.32%
- Other ShareHolders 11.57%
Statement of financial position as at Sep. 30 2017
- Total Assets: PKR 706,167 Million
- Deposits and other accounts: PKR 607,232 Million
- Share Capital: PKR 10.027 Million
- Shareholders' Equity: PKR 32,701 Million
- No. of branches: 600
- No. of cities of operation: 159
- No. of Staff: 9,300
References
- 1 2 3 4 "Meezan Bank Annual Report 2015" (PDF). MeezanBank.com. Retrieved 28 May 2015.
- ↑ http://www.meezanbank.com/wp-content/themes/mbl/downloads/annualreport2018.pdf
- ↑ https://www.meezanbank.com/investor-relations/financial-information/
External links