Meezan Bank Limited.
PPSX:MEBL545.05
PKR
-1.90
(-0.35%)
ISIN
PK0077401013
Return %
Stock
S&P 500
1Y
19.87
14.20
3Y
309.97
81.12
5Y
337.60
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Syed Amir Ali
- Full Time Employees
- 21,313
- Sector
- Finance
- Industry
- Major banks
- Address
- Karachi Pakistan
- IPO Date
- Aug 21, 2000
- Website
- meezanbank.com
- Similar Companies
- Business
- Meezan Bank Limited is a Pakistan-based financial institution that provides a comprehensive range of Shariah-compliant retail, corporate, commercial, and investment banking products and services. Founded in 1997 as an investment bank and licensed in 2002 as Pakistan's first Islamic commercial bank, the company is headquartered in Karachi, Pakistan, and trades on the Pakistan Stock Exchange under the ticker MEBL. The bank operates an extensive nationwide network of more than 1,000 branches and provides dedicated asset management through its subsidiary, Al Meezan Investment Management Limited, alongside foreign exchange and remittance operations through Meezan Exchange Company (Private) Limited. The company operates through distinct business segments comprising Retail Banking, Corporate and Investment Banking, Commercial and SME Banking, Treasury, and Digital Banking. Its product and service portfolio includes retail deposit and savings solutions such as Rupee and foreign currency current accounts, Mudarabah-based savings accounts, Meezan Bachat Accounts, Senior Citizen Accounts, Women First Accounts, and Meezan Amdan Certificates; consumer financing facilities such as Easy Home mortgage solutions, Car Ijarah auto leasing, Apni Bike motorcycle financing, Consumer Ease durable goods installment plans, and Meezan Solar energy financing; corporate and institutional financing including syndicated finance, project advisory, structured debt solutions, and Sukuk underwriting; trade services and working capital facilities encompassing import and export letters of credit, shipping guarantees, bill discounting, and Shariah-compliant contracts utilizing Murabaha, Ijarah, Diminishing Musharakah, Istisna, Salam, and Tijarah structures; SME and agricultural financing programs; and digital banking services including mobile and online banking platforms, Meezan Digital Asaan account opening, and Roshan Digital Accounts for overseas Pakistanis. In recent developments, Meezan Bank has accelerated its business diversification and digital transformation initiatives. The bank established its wholly-owned currency exchange and remittance subsidiary, Meezan Exchange Company (Private) Limited, and subsequently approved a capital expansion doubling its authorized capital to PKR 2 billion to scale international remittance channels and boost fee-based income. The institution also expanded its strategic partnership with Visa to deploy next-generation digital payment technologies and contactless card portfolios, while entering into a technical collaboration with Indus Cloud Limited to modernize its cloud infrastructure. Additionally, the bank acted as Joint Financial Advisor for the Government of Pakistan's landmark short-term sovereign hybrid Sukuk issuance and expanded its nationwide digital merchant acquiring footprint to exceed 50,000 points of sale.