The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) with Meezan Bank hosted a significant public hearing session on the draft Shariah Standard on Sukuk. The event took place at the Movenpick Hotel in Karachi and brought together prominent figures from the Islamic finance industry, regulatory bodies, notable Shariah Scholars, Shariah Board members from…
Meezan Bank, Pakistan’s leading Islamic bank has officially commenced operations of Meezan Exchange Company Limited (MECL), its wholly-owned subsidiary in Karachi. MECL will offer remittance and forex services to all customers. As an initial step in its journey, MECL will expand to 10 outlets nationwide within the first month of its launch with accelerated plans…
Risk Associates, Pakistan’s leading PCI Qualified Security Assessor (QSA), has recently announced Meezan Bank’s certification with the PCI 3DS (Payment Card Industry Three Domain Secure) standard. This milestone positions Meezan Bank, the country’s Premier Islamic bank, as the first in Pakistan to attain such an accreditation. The certification ceremony was held at Meezan House, Karachi…
Meezan Bank, Pakistan’s first and largest Islamic Bank, has joined hands with Roche Pakistan, one of the world’s leading biotech companies, in an initiative aimed at alleviating the financial burden of breast cancer treatment for patients across Pakistan. Breast cancer remains a critical health challenge in Pakistan, claiming numerous lives and impacting countless families each…
The Board of Directors of Meezan Bank, has approved the financial statements of the Bank and its consolidated financial statements for the year ended December 31, 2023. The meeting was chaired by Mr. Riyadh S.A.A. Edrees – Chairman of the Board, Mr. Faisal A. A. A. Al – Nassar – Vice Chairman of the Board…
Meezan Bank, Pakistan’s leading Islamic bank has recently launched Meezan Justuju – a fully funded talent development program for fresh graduates in collaboration with IBA-CEIF (Institute of Business Administration – Centre for Excellence in Islamic Finance). The Program’s initial screening, conducted through a written test at Meezan House, received an overwhelming response, attracting participants from…
Meezan Bank, Pakistan’s leading Islamic bank has recently signed a Memorandum of Understanding (MoU) with Pakistan Freelancers Association (PAFLA), to extend specialized banking services to the freelance community. The MoU was formalized at a signing ceremony held at Meezan House, Karachi, attended by key representatives from both organizations including Mr. Zia ul Hassan – Group…
Meezan Bank, a pioneer in Islamic banking, acted as lead Joint Financial Advisor in the groundbreaking listed Ijarah Sukuk Issuance for the Government of Pakistan (GoP). This is the first listed GoP Ijarah Sukuk issued through the Pakistan Stock Exchange (PSX), allowing retail investors access to Shariah-compliant government securities in the denomination of PKR 5000/-….
Meezan Bank, Pakistan’s leading Islamic bank, has recently formalized an agreement with Befiler to enhance the tax facilitation services available to freelancers. This collaboration aims to provide Meezan Freelancer Account holders, including those with Meezan Digi Freelancer Accounts, access to discounted rates on a suite of tax-related services offered by Befiler, a prominent player in…
In a significant development for Islamic finance, Meezan Bank, Pakistan’s leading Islamic bank has joined hands with SAFCO Microfinance Company Private Limited (SMCL) to establish its inaugural Islamic microfinance branch, operating under the brand name ‘Yaqeen’ in Hyderabad, Pakistan. This milestone reflects the collaborative effort between the two entities, with Meezan Bank playing a pivotal…
