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You are here: Home»Pakistan»Banking & Finance»Meezan Bank celebrates 10 years of Islamic Banking in Pakistan

KARACHI: Sheikh Ebrahim bin Khalifa Al-Khalifa Chairman of Meezan Bank, Pakistan’s first and largest Islamic Commercial Bank attributed Bank's 10 years success to blessings of Allah SWT and thanked staff members for their efforts in establishment and growth of Riba-free banking in the country.

He was addressing by telephone from Bahrain at 10th anniversary of Meezan Bank, which has 288 branches in 88 cities, becoming Pakistan’s 9th largest Commercial Bank in terms of branch network with comprehensive portfolio of Islamic financial products, services for consumer, corporate and investment banking.

Irfan Siddiqui, President & CEO Meezan Bank outlined broad growth strategy for next five years and said Islamic banking current share of 8% should grow to over 15% by year 2016 Insha’Allah. He said over past ten years, Islamic banking industry in Pakistan witnessed phenomenal growth.
Chairman Meezan Bank’s Shariah Supervisory Board Justice (R) Mufti Muhammad Taqi Usmani said bank done commendable job in developing wide range of products and extending its outreach to large portion of population through constantly expanding its branch network.

Copyright PPI (Pakistan Press International), 2012


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln