KARACHI – Meezan Bank has been honored as the winner of ‘Islamic Bank of the Year 2016’ by The Banker, a service from the Financial Times Ltd, London, which provides economic and financial intelligence for the world’s financial sector.
The bank has been recognized for its success in promoting Islamic banking in the region and maintaining a strong market position throughout the year 2015.
The bank has been acting as a joint financial adviser to the Government of Pakistan for raising Shariah-compliant funds through Ijarah Sukuk and has played a key role in the launch of All Shares Islamic Index with the Karachi Stock Exchange (KSE).
The Bank is also working on developing an Islamic benchmark rate, an Islamic long-term trade financing scheme and an Islamic discount window. These achievements and initiatives have reiterated the Bank’s leadership position in Pakistan’s Islamic banking industry in The Banker’s in-depth financial sector analysis.
Meezan Bank is among the leading banks in the country. It provides a comprehensive range of Islamic banking products and services through a retail banking network of more than 550 branches supported by a countrywide network of over 500 ATMs, VISA and MasterCard Debit cards, a 24/7 Call Center, Internet Banking and Mobile Banking facilities.