This document provides information about Al-Meezan Bank and monetary policy in Pakistan. Some key points: - Al-Meezan is the largest Shariah-compliant asset management company in Pakistan, incorporated in 1995 with 270 branches across 83 cities. - Its vision is to establish Islamic banking as the first choice and its mission is to be a premier Islamic bank offering innovative Shariah-compliant products and services. - The objectives of monetary policy/credit control in Pakistan include regulating money supply, increasing investment and employment, and controlling inflation and price stability. Tools used include interest rates, open market operations, and reserve requirements. - Transaction costs are fees charged by financial institutions for

1. Presentation By:
M.Nauman Sher
Razaullah khan
Shiraz Khan

2. Al-Meezan Bank
Largest Shariah
Incorporated
compliant
on
asset th February
27
management
1995.
company .
Al Meezan is
registered as a 270 Branches
Non Banking across 83 cities
Finance in Pakistan.
Company.

3. 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.

4. Mission
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.

5. Meezan Bank
Pak Kuwait Limited 65%
Investment
Company
(PVT) Ltd 30%
Employees of
Al-Meezan
05%
Shareholdings’

6. Meezan Bank
Products
Deposit Terms and
Accounts Certificates
Electronic Consumer
Services
Banking Finance

7. Deposit Accounts
Rupee Current Business Plus Meezan Kids
Account Account Club Account
Meezan
Meezan Teens
Labbaik Saving Bachat
Club Account
Account
AasaanRupee
Pound Saving
Saving
Account
Account
Dollar Saving Euro Saving
Account Account

8. Term Certificates
Certificate of Islamic
Investment
Dollar Meezan
Mudarabah Amdan
Certificate Certificate
Monthly Mudarabah
Certificate

9. Services
Labbaik
Online 8 to 8 Ladies Home Western Money
Travel
Banking Banking Banking Remittance Union Transfer
Aasaan

10. Electronic Banking
Visa Debit Card
Internet Banking
Meezan Quickpay
SMS Alerts
ATM Network
Call Center

11. Consumer Finance
Laptop
Ease
Car
Ijarah
Easy
Home

12. Monetary Policy
(Credit Control)
“The changes in money supply by the central
bank to influence interest rate and achieve
some other economic objectives is called
monetary policy”
 Bank Credit dominant part.
 Credit is lifeblood of modern business.
 Too much credit leads to inflation.

13. Objectives of Credit Control
• Regulate money supply
• To increase investment
• To increase employment opportunities
• To control price level

14. Methods to control credit
(tools of monetary policy)
Quantitative Controls
Qualitative Controls

15. Quantitative Controls
• Discount rate policy
– Rate of interest at which a central bank provides loans to
commercial banks.
• Open Market Operations
– Sale and purchase of government securities in the open
money market by the central bank.
• Variation in Reserve Requirement
– Changing the percentage of reserve requirements of
member banks.
• Credit Rationing
– Fixing limit up to which central bank can give loans to it’s
member banks.

16. Qualitative Controls
• Change in Margin Requirements
– Change in margin of loan against security.
• Moral persuasion
– Advising and Guidance to member banks.
• Publicity
– Central bank undertakes publicity about it’s
policies.
• Direct Action

17. Monetary Policy Objectives in
Pakistan
• The principal objectives of monetary policy in
Pakistan is to:
– Control Inflation
– Maintaining price stability
– Strong monetary growth
– Achieving maximum employment rate

18. Transaction cost
“Transaction cost are fees charged by financial
companies in the sales and purchases of
securities”
OR
“ A fee charged by a financial intermediary such
as a bank, broker or underwriter”

19. Transaction cost (Cont’d)
• The transaction costs to buyers and sellers are
the payments that banks and brokers receive
for their roles in these transactions.
• There are also transaction costs in buying and
selling real estate.
• These fees include the agent's commission,
government fees.

20. Transaction Cost (example)
Consider the prospective purchaser of a
refrigerator. The purchase price of the
refrigerator that is eventually bought is not
the only cost involved. Transaction costs such
as the time spent researching the best brand
and model, and the cost of travelling to
wherever that item is available for purchase
increase the real cost of the purchase.

21. Information cost
“Cost incurred from completing due diligence which
involves the expenses related to the investigation of
an investment or financial activity and is necessary
to determine profitability.”
OR
“Costs incurred in transaction including the analysis
and evaluation of the advantages of a financial
asset as an investment.”

22. End of Presentation
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