Meezan Bank, Pakistan's first and largest Islamic bank, has been awarded 'Best Islamic Bank in Pakistan' for 2010 by Islamic Finance News of REDmoney Group in a ceremony held in Kuala Lumpur Malaysia. The Islamic Finance News (IFN) Awards honour the best in the Islamic financial industry. It is one of the most prestigious and recognised awards in the global Islamic capital markets.
The award brings to light a highly successful and record-breaking year for Meezan Bank, the only AA- rated Islamic Bank in Pakistan. With a branch network of 222 branches in 63 cities across Pakistan, Meezan Bank continues to be the largest Islamic bank in Pakistan. The Bank demonstrated robust business growth in 2010, closing the year with a deposit figure of Rs 131 billion, Import/Export business of Rs 143 billion and a 61 percent growth in Net Income over the previous year.
Meezan Bank offers a complete range of Islamic banking products and services, including free online banking for all Pak Rupee accounts at all its branches. The Bank's retail banking network is supported by 24/7 banking services that include over 165 ATMs, Internet Banking, VISA Debit card and a 24-hour Call Center. The Bank's VISA Debit card allows its customers to shop at more than 30 million merchants worldwide and withdraw funds from their accounts from more than 1.4 million ATM's worldwide.-PR