Meezan Bank Login
At Al Meezan, we offer a comprehensive range of Shariah compliant investment solutions especially designed to help you achieve your financial goals. Al Meezan Investments Attains the Highest Management Quality Rating AM1. Meezan Islamic Fund, with AUMs of over Rs. 53.79 billion (as on July 31, 2017) is Pakistan's Largest Private Sector Open.
| Public Limited | |
| Traded as | PSX: MEBL |
|---|---|
| Industry | Islamic banking |
| Founded | 2002; 18 years ago |
| Headquarters | Karachi, Pakistan |
Number of employees | more than 11500 |
| Website | www.meezanbank.com |
Meezan Bank (Urdu میزان بینک) is a Pakistani Islamic commercial bank which is a subsidiary of Kuwaiti company Noor Financial Investment. The Bank is headquartered at Meezan House in Karachi, Pakistan. It has a network of over 760 branches in more than 220 cities of Pakistan. It commenced operations in 2002 when State Bank of Pakistan issued the first-ever license for Islamic commercial banking.
The bank has a market share of 35% in the Islamic banking industry of the country.
History[edit]
In 2002, Meezan Bank acquired Pakistan operations of Société Générale.[1]
In 2014, Meezan Bank signed an agreement with HSBC Bank Middle East to acquire HSBC's Pakistan operations consisting of 10 branches.[2][3]
In 2015, Meezan Bank acquired Pakistan operations of HSBC Oman consisting of a single branch.[4][5]
Shareholding structure[edit]
- Noor Financial Investment Company, Kuwait 39.52%
- Pakistan Kuwait Investment Company (Pvt.) Limited 30.00%
References[edit]
- ^'Meezan Bank acquires SG operations'. Dawn. May 2, 2002.
- ^'Meezan Bank to acquire HSBC Pakistan'. Business Recorder. May 10, 2014.
- ^'Meezan Bank signs deal to acquire HSBC Pakistan'. The News International. May 10, 2014.
- ^'Meezan acquires HSBC Oman's operations'. The Express Tribune. November 7, 2015.
- ^'Meezan Bank acquires HSBC Oman'. The News International. November 7, 2015.
External links[edit]
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