Meezan Bank

src: www.pakistankakhudahafiz.com

Meezan Bank (Urdu ????? ????) 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.

Video Meezan Bank

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%

Maps Meezan Bank

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

src: static.daraz.pk

References

src: i.ytimg.com

External links

• Official website of Meezan Bank

Source of the article : Wikipedia