Complete slides on Meezan Bank ltd.

1. MEEZAN
BANK
The premier islamic bank

2.  Abira sadiq 45
 Hina maryum 21
 Yousaf razaq 01
 Salman malik 49
 Azqa adrees 03
 Ayesha bashir 51
 Raima adeel 13
GROUP MEMBERS

4. Introduction of meezan bank
First and largest islamic commercial bank of
pakistan
Headquarter in karachi
Founded in1977
Network of over 500 branches

5. Mission & vision

6. Branchless banking:
1. Meezan U paisa
2. Corporate payroll

7. Personal banking:
Deposit account
A. Local currency Accounts
B. Foreign currency account

8. Consumer financing:
 Car ijarah
 Easy Home
 Laptop Ease
 Meezan Roshni

9. AZQA IDREES 03

10. ISTISNA:
“Istisna is an agreement in a sale at an agreed price
whereby the purchaser places an order to manufacture,
assemble or construct (or cause so to do) anything to be
delivered at a future date.”
Parties:
 Sani
 Mustani
 Masnu

11. Subject matter of the Istisna
 Manufactured or constructed.
 Must be known
 Removing any ignorance or lack of knowledge of its
kind, type, quality and quantity.
 Arranges both the raw material and the labour
 Drawn for real estate developments

12. It is invalid:
 Natural things
 Subject matter would be an existing

13. HINA MARYUM 21

14. Contract must be:
 Clear terms and conditions
 Price must be specified
 Quality and quantity of goods
 Asset can be manufactured or produced by any or specific
manufacturer

15. Price in Istisna:
 In the form of cash
 Should be known
 Price varies
 Cannot be unilaterally increased or decreased
 Price paid in advance
 Can be paid in installments

16. Penalty clause:
 Compensating the purchaser
 Not permitted to stipulate a penalty against the
purchaser for default

17. AYESHA BASHIR 51

18. IN FIQA:
Termed shart-e-jazai (penality condition)

19. Binding nature of Istisna contract:
1. Work of manufacturing has not yet started
2. Manufacturer may finish making the needed goods
3. Required goods have been manufactured

20. Conditions:
1. General condition
 Capacity of contracting parties
 Subject matter
 Offer and acceptance

21. SALMAN MALIK 49

22. 2. Specified condition:
 Object must be precisely determined
 Time of delivery is specified
 Material should be supplied by maker
 Place of delivery is stated

23. Delivery and disposal of subject matter:
 At the risk of the seller
 Risk will be transferred
 Can be physical or constructive
 If manufactured goods are delivered before agreed date
 Has the right to reject the subject matter

24.  ABIRA SADIQ 45

25. The potential of istisna
 financing the construction industry
 Development of residential/commercial areas
 financing high technology industries suchas the
aircraft industry, locomotive andshipbuilding
Industries

26. Istisna' Application
SELLERBUYER
BUYER BANK CONTRACTOR

27.  RAIMA ADEEL 13

28. Istisna’ Risk Mitigation
 Delivery Risk
 Non-Performance
 Quality Risk
 Increased costs of Production
 Storage Risk

29.  YOUSUF RAZZAQ 01

30. Istisna documentation:
1. Master Istisna
2. Agency agreement
3. Corporate guarantee

31. Hadith
The prophet (PBUH) required that a pulpit (platform)
be built for preaching
[Bukhari 2/908]

32. THANK YOU!!!!