Meezan Bank
 | |
 | |
| Type | Public Limited |
|---|---|
| PSX: MEBL | |
| Industry | Islamic banking |
| Founded | 2002 |
| Founder | Irfan Siddiqui |
| Headquarters | Karachi, Pakistan |
Number of locations | 835(2021) |
Key people | (Chairman)
Irfan Siddiqui (President and CEO) Muhammad Taqi Usmani |
| Products | Loans, credit cards, debit cards, savings, consumer banking, business Banking, premium Banking |
Number of employees | more than 11500 |
| Parent | 35.25%
30.00% Islamic Development Bank 9.32% |
| Subsidiaries | |
| Website | www |
Meezan Bank (Urdu: میزان بینک) is the largest 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 835 branches. 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[]
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]
[]
- 35.25%
- 30.00%
- Islamic Development Bank 9.32%[6]
References[]
- ^ "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.
- ^ "Islamic Bank | Corporate Profile | About Us | Meezan Bank". www.meezanbank.com. Retrieved 2020-06-07.
External links[]
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- Pakistani companies established in 2002
- Banks established in 2002
- Companies based in Karachi
- Companies listed on the Pakistan Stock Exchange
- Islamic banks of Pakistan
- Pakistani subsidiaries of foreign companies
- Kuwait–Pakistan relations
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