Company type | Public Limited |
---|---|
PSX: MEBL | |
Industry | Islamic banking |
Founded | 27 January 1997 |
Headquarters | Karachi-75700, Pakistan |
Number of locations | 1,004 [1] (2023) |
Key people | |
Products | Loans, debit cards, savings, consumer banking, business Banking, premium Banking |
Revenue | Rs. 250.46 billion (US$870 million) [1] (2023) |
Rs. 172.06 billion (US$600 million) [1] (2023) | |
Rs. 86.02 billion (US$300 million) [1] (2023) | |
Total assets | Rs. 3.01 trillion (US$10 billion) [1] (2023) |
Total equity | Rs. 188.46 billion (US$650 million) [1] (2023) |
Number of employees | 17,186 [1] (2023) |
Parent | Noor Financial Investment Company (35.22%)
Pakistan Kuwait Investment Company (29.97%) Islamic Development Bank (9.31%) |
Subsidiaries | Al Meezan Investments |
Website |
www |
Meezan Bank ( Urdu: میزان بینک) is Pakistan's first Islamic bank, which began its operations in 2002 after obtaining the inaugural Islamic commercial banking license from the State Bank of Pakistan. The bank is based in Karachi, Pakistan, with its headquarters located at Meezan House. It has over 1000 branches.
The bank started as an Islamic investment bank in 1997 and was then known as Al-Meezan Investment Bank. [2]
In 2002, Meezan Bank acquired Pakistan operations of Société Générale. [3]
In 2014, Meezan Bank signed an agreement with HSBC Bank Middle East to acquire HSBC's Pakistan operations consisting of 10 branches. [4] [5]
In 2015, Meezan Bank acquired Pakistan operations of HSBC Oman consisting of a single branch. [6] [7]
Company type | Public Limited |
---|---|
PSX: MEBL | |
Industry | Islamic banking |
Founded | 27 January 1997 |
Headquarters | Karachi-75700, Pakistan |
Number of locations | 1,004 [1] (2023) |
Key people | |
Products | Loans, debit cards, savings, consumer banking, business Banking, premium Banking |
Revenue | Rs. 250.46 billion (US$870 million) [1] (2023) |
Rs. 172.06 billion (US$600 million) [1] (2023) | |
Rs. 86.02 billion (US$300 million) [1] (2023) | |
Total assets | Rs. 3.01 trillion (US$10 billion) [1] (2023) |
Total equity | Rs. 188.46 billion (US$650 million) [1] (2023) |
Number of employees | 17,186 [1] (2023) |
Parent | Noor Financial Investment Company (35.22%)
Pakistan Kuwait Investment Company (29.97%) Islamic Development Bank (9.31%) |
Subsidiaries | Al Meezan Investments |
Website |
www |
Meezan Bank ( Urdu: میزان بینک) is Pakistan's first Islamic bank, which began its operations in 2002 after obtaining the inaugural Islamic commercial banking license from the State Bank of Pakistan. The bank is based in Karachi, Pakistan, with its headquarters located at Meezan House. It has over 1000 branches.
The bank started as an Islamic investment bank in 1997 and was then known as Al-Meezan Investment Bank. [2]
In 2002, Meezan Bank acquired Pakistan operations of Société Générale. [3]
In 2014, Meezan Bank signed an agreement with HSBC Bank Middle East to acquire HSBC's Pakistan operations consisting of 10 branches. [4] [5]
In 2015, Meezan Bank acquired Pakistan operations of HSBC Oman consisting of a single branch. [6] [7]