AIRLINK 74.20 Decreased By ▼ -0.09 (-0.12%)
BOP 4.94 Decreased By ▼ -0.01 (-0.2%)
CNERGY 4.35 Decreased By ▼ -0.02 (-0.46%)
DFML 39.25 Increased By ▲ 0.45 (1.16%)
DGKC 85.34 Increased By ▲ 0.52 (0.61%)
FCCL 21.35 Increased By ▲ 0.14 (0.66%)
FFBL 33.75 Decreased By ▼ -0.37 (-1.08%)
FFL 9.69 Decreased By ▼ -0.01 (-0.1%)
GGL 10.45 Increased By ▲ 0.03 (0.29%)
HBL 113.00 No Change ▼ 0.00 (0%)
HUBC 136.87 Increased By ▲ 0.67 (0.49%)
HUMNL 11.89 Decreased By ▼ -0.01 (-0.08%)
KEL 4.72 Increased By ▲ 0.01 (0.21%)
KOSM 4.42 Decreased By ▼ -0.02 (-0.45%)
MLCF 37.80 Increased By ▲ 0.15 (0.4%)
OGDC 137.65 Increased By ▲ 1.45 (1.06%)
PAEL 25.21 Increased By ▲ 0.11 (0.44%)
PIAA 19.90 Increased By ▲ 0.66 (3.43%)
PIBTL 6.63 Decreased By ▼ -0.08 (-1.19%)
PPL 122.40 Increased By ▲ 0.30 (0.25%)
PRL 26.82 Increased By ▲ 0.17 (0.64%)
PTC 13.82 Decreased By ▼ -0.11 (-0.79%)
SEARL 57.63 Increased By ▲ 0.41 (0.72%)
SNGP 67.25 Decreased By ▼ -0.35 (-0.52%)
SSGC 10.33 Increased By ▲ 0.08 (0.78%)
TELE 8.35 Decreased By ▼ -0.05 (-0.6%)
TPLP 11.15 Increased By ▲ 0.02 (0.18%)
TRG 63.18 Increased By ▲ 0.37 (0.59%)
UNITY 26.60 Increased By ▲ 0.10 (0.38%)
WTL 1.42 Increased By ▲ 0.07 (5.19%)
BR100 7,806 Decreased By -4.6 (-0.06%)
BR30 25,235 Increased By 84.4 (0.34%)
KSE100 74,916 Decreased By -40.6 (-0.05%)
KSE30 24,071 Decreased By -11.9 (-0.05%)

In a special report on "Top Islamic Financial Institutions" published by renowned international magazine 'The Banker', being published from the UK, Meezan Bank is ranked as the top Islamic Bank in Pakistan. This ranking was given to Meezan in recognition of impressive growth of its branch networks to becoming the largest Islamic Bank in Pakistan and its contribution to developing world-class Shariah-compliant financial products for Pakistan's Islamic Banking market.
Meezan Bank has been on a very fast growth trajectory since its inception in 1997 and has not only grown to be the largest Islamic Bank in Pakistan but is also ranked eight amongst all banking institutions in the country. The year 2014 was an eventful year, where Meezan crossed the landmark of increasing their branch network to more than 400 branches in 115 cities across Pakistan and additionally took over the Pakistan's operations of HSBC. "Meezan is already one of Pakistan's top 10 banks by deposits. If it continues its growth rate, it will be in the top five in a few years," says Omar Mustafa Ansari, Islamic Financial Services partner in Ernst & Young - Karachi.-PR

Copyright Business Recorder, 2014

Comments

Comments are closed.