KARACHI (PR): Warid Telecom has signed a Memorandum of Understanding with Monet and Meezan Bank for rollout of the Warid Telecom Payment Gatewayfor Meezan Bank’s branchless banking services, with Monet as the technology partner for the venture. Through this memorandum, Warid Telecom and Bank ...

KARACHI : Meezan Bank Ltd has recorded 9pc growth in its profit-after-tax of 1st quarter ended 31st March 2013 which increased to Rs.982m compared to Rs. 903m earned in the corresponding period of 2012.  The Earnings per Share of the Bank increased to Rs. 0.98 (March 2012: Rs.0.90) on the ...

KARACHI - Irfan Siddiqui, President & CEO of Meezan Bank said the Bank’s performance remained outstanding in all areas of its business activities. The 17th Annual General Meeting (AGM) of Meezan Bank Limited was held at its Head Office.He informed the shareholders that the Bank recorded a ...

KARACHI - Meezan Bank has signed an MoU with the Journal of Islamic Banking and Finance (JIBF), one of the oldest Islamic finance research publications of Pakistan (1984), under which Meezan Bank will contribute its research and articles on Islamic Banking & Finance to JIBF for publication. ...

KARACHI - Meezan Bank, has been awarded ‘ Pakistan Deal of the Year ‘ and ‘Musharakah Deal of the Year’ for 2012 by Islamic Finance News of RED money Group, Malaysia.  The Islamic Finance News (IFN) Awards honour the best in the Islamic financial industry and is one of ...

KARACHI - Meezan Bank entered into an agreement with Mashreq Bank PSC, UAE ,where  Meezan Bank will earn Shariah-compliant profit on its US dollar clearing account balance held with Mashreq Bank. The innovative arrangement utilises a Shariah-compliant principle of Wakala.Aimed at facilitating ...

LAHORE - Meezan Bank has recorded 16pc growth in its profit-after-tax which increased to Rs. 2,663 million for the nine months ended September 30, 2012 as compared to Rs. 2,292 million earned in the corresponding period last year. Earnings per share of the Bank was recorded at Rs 2.95 (September ...

LAHORE - The joint committee of Institute of Chartered Accountants of Pakistan (ICAP) and Institute of Cost & Management Accountants of Pakistan (ICMAP) has awarded Meezan Bank’s Annual Report 2011 the prize of being the fourth best Corporate Report in the Banking Sector. The award was ...

KARACHI – Al Meezan announces final dividend for Meezan Balanced Fund (MBF) for FY 2012 & Interim Payout for MCF and MSF for FY 2012-2013MBF announced a final cash dividend @ 19pc i.e. Rs.1.90 per certificate of Rs. 10/ each for the year ended June 30, 2012. During the period ended June ...

LAHORE - Meezan Bank hosted the Shariah Supervisory Council meeting of Amana Bank, Sri Lanka at Meezan Bank’s Head office. Supported by Meezan Bank’s Product Development & Shariah Compliance team, the board meeting was preceded by meetings discussing Meezan Bank’s products and ...

KARACHI - Meezan Bank has recorded 106pc growth in its profit-after-tax for 2011 which increased to Rs 3.4 billion (2011: Rs 1.65 billion), earnings per share (EPS) for the year increased to Rs. 4.22 (2011: Rs. 2.05) and deposits grew by 30pc to Rs. 170 billion as at December 2011 (2010: Rs 131 ...

LAHORE - Meezan Bank Ltd has arranged a Rs 4.8 billion syndicated Islamic Finance Facility for DH Fertilizers Limited. DH Fertilizers is amongst Pakistan’s leading fertilizer manufacturers and a wholly owned subsidiary of the Dawood Hercules Corporation, (formerly Dawood Hercules Chemicals ...

LAHORE - The 18th Shariah Supervisory Board meeting of Meezan Bank Limited was held at the Darul Uloom Korangi, the meeting was chaired by Justice (Retd.) Muhammad Taqi Usmani; other members of the Shariah Board include Sheikh Essam M. Ishaq (Bahrain) and Dr. Muhammad Imran Usmani. The senior ...

Lahore – Meezan Bank and Linde Pakistan Ltd. (formerly known as BOC Pakistan Limited) have entered into a Diminishing Musharakah Agreement for the setup of a new state-of-the-art Air Separation Plant and related supply chain equipment in Lahore by Linde Pakistan. The agreement marks another ...

LAHORE (PPI) - The 17th Shariah Supervisory Board meeting of Meezan Bank Limited was held at the Darul Uloom. The meeting was chaired by Justice (Retd.) Muhammad Taqi Usmani; other members of the Shariah Board include Sheikh Essam M. Ishaq (Bahrain) and Dr. Muhammad Imran Usmani. The senior ...

LAHORE - Meezan Bank Ltd has achieved yet another milestone by establishing a branch network of 222 branches in 63 cities across Pakistan within a short span of 8 years. Meezan Bank now stands amongst the 10 largest banks in Pakistan in terms of branch network. President & CEO Meezan Bank Ltd Mr. ...

LAHORE (PPI) - Meezan Bank has engaged the services of two renowned data operators, Wateen and Multinet to connect its 201 branches and offices in 54 cities across the country using optical fiber. In line with its vision of making Islamic Banking the banking of first choice, Meezan Bank has ...

LAHORE (PPI) - JCR-VIS Credit Rating Co Ltd has upgraded the entity ratings of Meezan Bank Limited (MBL) from 'A1 (Single A Plus /A-One) to 'AA-/A-1 (Double A Minus/A-One) with a 'Stable Outlook. The medium to long-term rating had been on a 'Positive Outlook since June 22, 2009. With an additional ...

KARACHI (PR) - Meezan Bank, Pakistans first and largest Islamic Bank, conducted a series of seminars on Islamic banking at 20 locations in various cities across Pakistan. These seminars are in line with its vision of making Islamic banking the banking of first choice and the main objective is to ...

KARACHI - Meezan Bank Limited, the largest Islamic bank in Pakistan, has recorded 24 per cent growth in its profit after tax, which stood at Rs 654 million for the nine months period ended on September 30, 2009 compared to Rs 527 million in the corresponding period last year. This was announced ...

KARACHI - Meezan Bank, Pakistan's largest Islamic Bank's Auto Finance Division held a commemorative event to celebrate 6 years of uninterrupted Auto Finance business - Car Ijarah, the first Islamic Auto Finance Product, in Pakistan. The event was attended by over 200 people, including car-dealers, ...

KARACHI - Pak-Qatar Family Takaful and Al Meezan Investments have signed an agreement that would provide all investors of Al Meezan Investments' Mahana Kharch Account (MMKA) with Shariah-Compliant Free Takaful Coverage of up to 1 million rupees. The agreement was signed by P. Ahmed CEO Pak-Qatar ...

KARACHI - Meezan Bank Ltd, the first and largest Islamic Bank in Pakistan has achieved yet another milestone by successfully establishing over 125 branches spread over 35 major cities across Pakistan within a short span of 6 years. This growth in branch network is the fastest in the Banking ...

KARACHI - Meezan Bank Ltd has announced 8.6 per cent bonus shares for its shareholders for the third quarter ended 30th September, 2008. The Board of Directors of Meezan Bank Limited, the largest Islamic Bank in Pakistan, held their 41st Board Meeting in Dubai the other day and inter alia ...

KARACHI - Faysal Bank and Meezan Bank jointly have arranged an Islamic finance facility - Sukuk for Amreli Steel in the amount of PKR 1,000 million while other banks participating in the consortium are SAPICO, Pak Kuwait, Bank Al Falah, UBL Ameen, Habib Metro, Soneri Bank, Dawood Islamic, Askari ...

KARACHI - Meezan Bank Limited and Eden Builders Limited have signed Rs 2 billion Islamic financing facility mandate. Irfan Siddiqui, President & CEO of Meezan Bank, Muhammad Arshad, CEO of Eden Builders, and other participating financial institutions inked the deal at a ceremony held in ...

KARACHI - Kuwait based Noor Financial Investment Company aimed to raise its stake to 41.7 per cent from 34.7 per cent in Meezan Bank Limited, by purchasing further 7 per cent or 31.3 million stocks from Shamil Bank of Bahrain, for which an approval has been obtained from the State Bank of Pakistan, ...