4. Introduction
Meezan bank was founder in 1979.
Irfan Siddiqui was founded.
27 january 1997 firstly included publically listed company in islamic investment
bank.
31 january 2002 central bank issued licenses to started full fleg islamic bank.
Meezan is a premier islamic bank and largest bank in pakistan.
950 branches in 260 cities.
5. M ission
To be a premier Islamic bank, offering a one-stop shop for innovative value-added products
and services to our customers within the bounds of Shariah, while optimizing the
stakeholders value through an organizational culture based on learning, fairness, respect for
individual enterprise and performance.
6. Vision
Establish Islamic banking as banking of first choice to facilitate the implementation of an equitable
economic system, providing a strong foundation for establishing a fair and just society for
mankind.
7. What is Islamic Banking
Banking system which is in consonance with the spirit, ethos and value system of
Islam and governed by the principles laid down by Islamic Shariah.Meezan bank
is first premier islamic bank,which deal with islamic shariah.
Meezan Bank offered
Musharakh
Mudarabah
Murabaha
Ijarah
9. Types of Accounts
Meezan Rupee Current Account
Meezan Rupee Saving Account
Labbaik Saving Aasaan
Meezan Bachat Account
Dollar Saving Account
Karobari Munafa Account
Meezan kids Club Account
Meezan Teen Club Account
products
10. Takaful Products
Meezan Kafalah is a Takaful (Islamic Insurance) plan through which customers can
save for their future plans such as higher education or wedding of their child,
going for Hajj, planning for old age,Health etc.
Saving, Investment & Protection
Plans start as low as Rs.2,000/month
Plans are available from 3 years to 15 years
Flexible payment options: Monthly / Quarterly / Annually
11. Consumer Financing
Car Ijarah( first interest free car financing)
car ijarah is a car rental agreement,bank purchase a car ,and rent it out to the customer to the
selective time period to the demand of customer 1 to 7 year. the car will be sold at token amount and
gifted to customer to paying the registaration fee.
Riba charged 21 to 23 % .
servicess
12. Bike Ijarah
Bike Ijarah is Pakistan’s first Riba-free motorcycle financing facility which is based on the Islamic
financing mode of Ijarah.
This sceme is available 1 to 3 years .
Minimum secuirty deposit 10 %
13. Consumer Ease
Meezan Consumer Ease is a Shariah-compliant financing facility for purchasing consumer durable goods
such as jahaze packages like air conditioners, refrigerators, generators etc
minimum down payment 15%
14. Easy Home
Easy Home is a completely interest (Riba) free solution to your home financing needs. financing on a
islamic dimenshing musharaka basis with easy home participants with meezan bank in joint owner
ship of you property where the bank will provide a certain amout of financing
long term installment
plan
Affordable Installments
and regular reducing
monthly rental
16. Compitative Advantage
Pakistan has several comparative advantages in the Islamic Banking space. We
have a large population of 160 million people with 97% population being Muslim.
It also works on Islamic shariha.
17. Terms and Conditions
For all profit bearing/Saving Accounts/Certificate of Islamic Investment (COII)
(local or foreign currency), the relationship between the Bank and the customer
shall be based on the principles of Mudarabah, where the Customer is the Rab ul
Maal and the Bank is the Mudarib.
18. SWOT Analysis
Strengths
Pakistan's largest Islamic banking branch network.
Largest market share of Pakistan's Islamic banking
sector.
Dedicated department for development of Shariah-
compliant products.
Effective HR Policies.
Fewer Competitors as Islamic Banking.
Loyalty of Employees.
19. Weakness
Lack of awareness of the people .
Fewer Branches in small areas.
Less Advertisement
Mostly Branches are not Located in the Business Area
Online system is not so strong
20. Threats
Islamic banks are increasing.
Conventional banks are also introducing
the Islamic Banking Facility.
Misconceptions and misunderstandings
among the general public about Islamic
banking.
21. Opportunities
Growing local and international Islamic banking market.
Increasing awareness about Islamic financial services and
demand for Shariah-compliant products and services.
Open New Branches in small areas.
New Market Segments for Ijarah, i.e. Home Appliances More
and more people are coming towards Islamic Banking System
22. Conclusion
The products whyich are offered by meezan bank for the convinence of its
customers,are favoured and that the main reason that meezan bank is the fastest
growing islamic bank in pakistan . with establisment of 950 plus branches in all
over palistan in 20 years.
