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Meezan Bank

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and its stricter loan scrutiny. To overcome this, Meezan attracted deposits from religious Muslims and shifted focus to provide loans to SMEs, including those that previously avoided traditional banking for religious reasons, allowing it to serve an underserved segment.
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In 2013, Noor Financial tried to sell its entire stake of 49.1 percent, valued at $ 190 million, to a British Virgin Island-based company named Vision Financial Holdings, but it was blocked by the
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In March 2019, Noor Financial sold 34.3 million Meezan Bank shares to institutional investors for $ 20.92 million. Previously, Noor Financial divested its stake multiple times in 2018.
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which included 10 local branches and access to 75 multinational corporate clients. A year later, Meezan Bank acquired Pakistan operations of
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Meezan Bank was founded as an Islamic investment bank in 1997 by Noor Financial, Pak Kuwait Investment Company, and
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Gul Rashid, Amber; Usmani, Obaid; Ejaz, Lalarukh; Faraz, Hasan (2017-01-01).
797:"Noor Financial sells 2.49 percent stake in Meezan Bank to foreign investors" 2083: 1611: 1601: 1586: 1375: 1365: 1346: 2245: 2138: 2051: 1781: 1551: 1489: 1380: 1316: 989: 980: 758: 1151: 871: 671: 583: 370: 129: 52: 81: 2188: 1931: 1926: 1186: 815:"Kuwait's Noor Financial sells 1.35% stake in Pakistan's Meezan Bank" 829: 777: 418:
In May 2014, Meezan Bank agreed to acquire Pakistani operations of
2118: 1426: 608: 252: 1906: 423: 2020: 1460: 951: 649:"Divestment: Majority shareholder in Meezan Bank to sell stake" 373:. It is the largest Islamic bank and the largest bank based on 687:"Meezan Bank Sees Extra Profit from HSBC Pakistan Acquisition" 181:, savings, consumer banking, business Banking, premium Banking 872:"Islamic Bank | Corporate Profile | About Us | Meezan Bank" 854:"Kuwait Seeks to Invest $ 750 Million in Pakistan Projects" 631:"The dominance of the Big Five banks is about to be broken" 343: 2253: 584:"Meezan Bank announces Rs10.94bn profit for 9 months" 547:"Noor Weighs Sale of Stake in Pakistan's Meezan Bank" 399:
In 2002, Meezan Bank acquired Pakistan operations of
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It was then known as Al-Meezan Investment Bank. 901:"Meezan Bank: category leader in Islamic banking" 723:"Meezan Bank signs deal to acquire HSBC Pakistan" 438:Noor Financial Investment Company (35.25 percent) 2319:Companies listed on the Pakistan Stock Exchange 2273: 2032: 1472: 963: 8: 30: 2334:Pakistani subsidiaries of foreign companies 306:Pakistan Kuwait Investment Company (29.97%) 2280: 2266: 2039: 2025: 2017: 1479: 1465: 1457: 1099:Punjab Provincial Cooperative Bank Limited 1051: 970: 956: 948: 441:Pak Kuwait Investment Company (30 percent) 45: 36: 29: 1432:National Institute of Banking and Finance 741:"Meezan acquires HSBC Oman's operations" 473: 471: 469: 467: 465: 463: 461: 2299:Pakistani companies established in 1997 624: 622: 457: 392:In 2000, Meezan Bank was listed on the 27:Pakistani Islamic bank based in Karachi 1283:House Building Finance Company Limited 705:"Meezan Bank to acquire HSBC Pakistan" 564:Tirmizi, Farooq (September 23, 2019). 905:Emerald Emerging Markets Case Studies 334:Al Meezan Investment Management (65%) 7: 2234: 2232: 629:Tirmizi, Farooq (October 11, 2020). 609:"Meezan Bank acquires SG operations" 506:Everington, John (30 October 2023). 426:Oman consisting of a single branch. 362: 303:Noor Financial Investment (35.22%) 292:(US$ 650 million) (2023) 246:(US$ 300 million) (2023) 223:(US$ 600 million) (2023) 200:(US$ 870 million) (2023) 25: 2159:Oil & Gas Development Company 1337:Bank of Tokyo Mitsubishi Pakistan 795:Farooq, Mohammad (May 25, 2018). 269:(US$ 10 billion) (2023) 2236: 1872:Pakistan Aluminium Beverage Cans 1722:International Industries Limited 1488: 1443: 1442: 979: 934: 776:Iqbal, Shahid (March 15, 2019). 759:"Meezan Bank acquires HSBC Oman" 479:"Meezan Bank Annual Report 2023" 309:Islamic Development Bank (9.31%) 282: 281: 259: 258: 236: 235: 213: 212: 190: 189: 1657:FrieslandCampina Engro Pakistan 527:Report, Profit (June 1, 2020). 332:Meezan Exchange Company (100%) 51:Headquarters of Meezan Bank in 2324:Companies in the KSE 100 Index 1: 2309:2000 initial public offerings 1422:Institute of Bankers Pakistan 1371:Federal Bank for Cooperatives 1301:National Savings Organization 2252:. You can help Knowledge by 1727:International Steels Limited 1109:Zarai Taraqiati Bank Limited 828:Iqbal, Shahid (2019-03-15). 1245:Dubai Islamic Bank Pakistan 1167:Standard Chartered Pakistan 1089:Industrial Development Bank 2360: 2314:Companies based in Karachi 2231: 2164:Pakistan Oilfields Limited 2104:Fauji Fertilizer Bin Qasim 1592:Colgate-Palmolive Pakistan 1094:Karakoram Cooperative Bank 917:10.1108/EEMCS-11-2016-0213 2339:Kuwait–Pakistan relations 2329:Islamic banks of Pakistan 2304:Banks established in 1997 2217: 2174:Pakistan Refinery Limited 2064: 2005: 1502: 1440: 1412:List of banks in Pakistan 1212:Telenor Microfinance Bank 44: 35: 18:SociĂ©tĂ© GĂ©nĂ©rale Pakistan 2099:Fauji Fertilizer Company 1912:Pakistan Tobacco Company 1642:Fauji Fertilizer Company 801:Profit by Pakistan Today 635:Profit by Pakistan Today 570:Profit by Pakistan Today 533:Profit by Pakistan Today 445:Islamic Development Bank 387:Islamic Development Bank 155:Riyadh S. A. A. Edrees ( 1982:Unilever Pakistan Foods 1747:Kohinoor Spinning Mills 1240:Al Baraka Bank Pakistan 2248:-related article is a 1522:Air Link Communication 1322:Deutsche Bank Pakistan 1207:NRSP Microfinance Bank 1006:State Bank of Pakistan 763:The News International 727:The News International 413:State Bank of Pakistan 394:Karachi Stock Exchange 113:; 27 years ago 1792:Mehmood Textile Mills 1767:Lucky Core Industries 1612:EFU General Insurance 1386:PICIC Commercial Bank 1235:Bank Makramah Limited 1197:HBL Microfinance Bank 420:HSBC Bank Middle East 375:market capitalization 2220:As of September 2024 2054:   â†’ 1997:Yousuf Weaving Mills 1832:Nishat Chunian Power 655:. December 18, 2013. 433:Shareholding pattern 111:27 January 1997 2209:United Bank Limited 1712:Indus Motor Company 1652:First Habib Modarba 1572:Bannu Woollen Mills 1230:BankIslami Pakistan 1069:Bank of Balochistan 765:. November 7, 2015. 747:. November 7, 2015. 745:The Express Tribune 693:. 24 November 2014. 653:The Express Tribune 355:Meezan Bank Limited 318:Number of employees 138:Number of locations 32: 2179:Pakistan State Oil 2169:Pakistan Petroleum 2114:Habib Bank Limited 2008:As of October 2024 1952:Standard Chartered 1902:Pakistan State Oil 1892:Pakistan Petroleum 1882:Pakistan Oilfields 1361:Bank of Bahawalpur 1047:Commercial banking 876:www.meezanbank.com 322:17,186 (2023) 2261: 2260: 2226: 2225: 2154:National Refinery 2129:Maple Leaf Cement 2094:Engro Fertilizers 2089:Engro Corporation 2059: 2014: 2013: 1897:Pakistan Services 1887:Pakistan Refinery 1822:National Refinery 1772:Maple Leaf Cement 1717:Interloop Limited 1632:Fatima Fertilizer 1622:Engro Fertilizers 1617:Engro Corporation 1512:Adamjee Insurance 1494:Companies of the 1454: 1453: 1417:Pakistani bankers 1317:Citibank Pakistan 1175: 1174: 709:Business Recorder 369:headquartered in 365:) is a Pakistani 352: 351: 142:1,004 (2023) 16:(Redirected from 2351: 2282: 2275: 2268: 2240: 2233: 2055: 2041: 2034: 2027: 2018: 1922:Punjab Oil Mills 1862:Pak-Gulf Leasing 1852:Packages Limited 1607:Dolmen City REIT 1542:Attock Petroleum 1493: 1492: 1481: 1474: 1467: 1458: 1446: 1445: 1255:MCB Islamic Bank 1157:Silkbank Limited 1084:First Women Bank 1052: 984: 983: 972: 965: 958: 949: 944: 939: 938: 937: 928: 886: 885: 883: 882: 868: 862: 861: 860:. 30 April 2022. 850: 844: 843: 841: 840: 825: 819: 818: 811: 805: 804: 792: 786: 785: 773: 767: 766: 755: 749: 748: 737: 731: 730: 719: 713: 712: 701: 695: 694: 683: 677: 676: 663: 657: 656: 645: 639: 638: 626: 617: 616: 605: 599: 598: 596: 595: 580: 574: 573: 561: 555: 554: 543: 537: 536: 524: 518: 517: 503: 497: 496: 494: 492: 483: 475: 401:SociĂ©tĂ© GĂ©nĂ©rale 364: 348: 345: 291: 289: 285: 284: 278: 268: 266: 262: 261: 255: 245: 243: 239: 238: 222: 220: 216: 215: 207:Operating income 199: 197: 193: 192: 162:Irfan Siddiqui ( 132:-75700, Pakistan 121: 119: 114: 49: 40: 33: 21: 2359: 2358: 2354: 2353: 2352: 2350: 2349: 2348: 2289: 2288: 2287: 2286: 2229: 2227: 2222: 2213: 2204:Systems Limited 2194:Searle Pakistan 2149:Millat Tractors 2069:Attock Refinery 2060: 2045: 2015: 2010: 2001: 1962:Systems Limited 1937:Searle Pakistan 1827:NestlĂ© Pakistan 1797:Millat Tractors 1707:JDW Sugar Mills 1682:HBL Growth Fund 1597:Dawood Hercules 1547:Attock Refinery 1498: 1487: 1485: 1455: 1450: 1436: 1400: 1341: 1305: 1287: 1269: 1222:Islamic banking 1216: 1187:Advans Pakistan 1171: 1113: 1041: 1010: 992: 978: 976: 940: 935: 933: 898: 895: 890: 889: 880: 878: 870: 869: 865: 852: 851: 847: 838: 836: 827: 826: 822: 813: 812: 808: 794: 793: 789: 775: 774: 770: 757: 756: 752: 739: 738: 734: 729:. May 10, 2014. 721: 720: 716: 711:. 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May 2, 2002. 600: 575: 556: 553:. 24 May 2017. 538: 519: 498: 486:meezanbank.com 456: 455: 453: 450: 449: 448: 447:(9.32 percent) 442: 439: 434: 431: 382: 379: 350: 349: 340: 336: 335: 330: 324: 323: 320: 317: 314: 313: 311: 310: 307: 304: 300: 298: 294: 293: 290:188.46 billion 279: 271: 270: 256: 248: 247: 233: 228: 225: 224: 221:172.06 billion 210: 205: 202: 201: 198:250.46 billion 187: 183: 182: 175: 171: 170: 168: 167: 160: 152: 150: 147: 144: 143: 140: 137: 134: 133: 127: 123: 122: 109: 105: 104: 99: 95: 94: 75: 70: 67: 66: 61: 57: 56: 50: 42: 41: 26: 24: 14: 13: 10: 9: 6: 4: 3: 2: 2356: 2345: 2342: 2340: 2337: 2335: 2332: 2330: 2327: 2325: 2322: 2320: 2317: 2315: 2312: 2310: 2307: 2305: 2302: 2300: 2297: 2296: 2294: 2283: 2278: 2276: 2271: 2269: 2264: 2263: 2257: 2255: 2251: 2247: 2242: 2239: 2235: 2230: 2221: 2216: 2210: 2207: 2205: 2202: 2200: 2197: 2195: 2192: 2190: 2187: 2185: 2182: 2180: 2177: 2175: 2172: 2170: 2167: 2165: 2162: 2160: 2157: 2155: 2152: 2150: 2147: 2145: 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1312: 1310:Foreign banks 1308: 1302: 1299: 1298: 1296: 1294: 1290: 1284: 1281: 1280: 1278: 1276: 1272: 1266: 1263: 1261: 1258: 1256: 1253: 1251: 1248: 1246: 1243: 1241: 1238: 1236: 1233: 1231: 1228: 1227: 1225: 1223: 1219: 1213: 1210: 1208: 1205: 1203: 1200: 1198: 1195: 1193: 1190: 1188: 1185: 1184: 1182: 1178: 1168: 1165: 1163: 1160: 1158: 1155: 1153: 1150: 1148: 1145: 1143: 1140: 1138: 1137:Bank AL Habib 1135: 1133: 1130: 1128: 1125: 1124: 1122: 1120: 1116: 1110: 1107: 1105: 1102: 1100: 1097: 1095: 1092: 1090: 1087: 1085: 1082: 1080: 1077: 1075: 1072: 1070: 1067: 1065: 1062: 1061: 1059: 1057: 1056:Public sector 1053: 1050: 1048: 1044: 1038: 1035: 1033: 1032:National Bank 1030: 1028: 1025: 1023: 1020: 1019: 1017: 1013: 1007: 1004: 1003: 1001: 999: 995: 991: 987: 982: 973: 968: 966: 961: 959: 954: 953: 950: 943: 932: 926: 922: 918: 914: 910: 906: 902: 897: 896: 892: 877: 873: 867: 864: 859: 855: 849: 846: 835: 831: 824: 821: 816: 810: 807: 802: 798: 791: 788: 783: 779: 772: 769: 764: 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Power 1842:Nishat Power 1802:Mughal Steel 1786: 1762:Lucky Cement 1742:Kohat Cement 1637:Fauji Cement 1562:Bank Alfalah 1391:RBS Pakistan 1332:BOC Pakistan 1293:Savings Bank 1259: 1180:Microfinance 1142:Bank Alfalah 998:Central bank 942:Banks portal 908: 904: 893:Bibliography 879:. Retrieved 875: 866: 857: 848: 837:. Retrieved 833: 823: 809: 800: 790: 781: 771: 762: 753: 744: 735: 726: 717: 708: 699: 690: 681: 670: 661: 652: 643: 634: 612: 603: 592:. Retrieved 590:. 2019-10-25 587: 578: 569: 559: 550: 541: 532: 522: 511: 501: 489:. Retrieved 485: 428: 417: 410: 398: 391: 384: 367:Islamic bank 354: 353: 328:Subsidiaries 276:Total equity 253:Total assets 126:Headquarters 60:Company type 2144:Meezan Bank 1992:Unity Foods 1987:United Bank 1967:Tariq Glass 1787:Meezan Bank 1692:Honda Atlas 1662:Ghani Glass 1647:Faysal Bank 1537:Atlas Honda 1532:Askari Bank 1527:Allied Bank 1517:AGP Limited 1260:Meezan Bank 1250:Faysal Bank 1162:Soneri Bank 1132:Askari Bank 1127:Allied Bank 1064:Bank of AJK 1037:United Bank 911:(4): 1–23. 179:debit cards 31:Meezan Bank 2293:Categories 1737:K-Electric 1677:HabibMetro 1396:Union Bank 1265:Samba Bank 1147:HabibMetro 1104:Sindh Bank 1022:Habib Bank 881:2020-06-07 839:2024-05-15 594:2024-06-05 513:The Banker 452:References 363:میزان بینک 344:meezanbank 230:Net income 148:Key people 118:1997-01-27 88:component 2084:DG Cement 1602:DG Cement 1587:Cnergyico 1376:KASB Bank 1366:Burj Bank 925:2045-0621 858:Bloomberg 691:Bloomberg 588:Brecorder 551:Bloomberg 288:Rs.  265:Rs.  242:Rs.  219:Rs.  196:Rs.  93:component 72:Traded as 2246:Pakistan 2139:MCB Bank 2052:Pakistan 1782:MCB Bank 1687:Highnoon 1552:Avanceon 1448:Category 1405:See also 1381:NIB Bank 1027:MCB Bank 1015:Big Four 990:Pakistan 834:DAWN.COM 782:DAWN.COM 491:26 March 174:Products 157:chairman 98:Industry 2057:KSE-100 1942:Service 1732:Javedan 1347:Defunct 1152:JS Bank 986:Banking 672:Reuters 381:History 371:Karachi 339:Website 186:Revenue 177:Loans, 130:Karachi 116: ( 108:Founded 86:KSE 100 80::  53:Karachi 2189:Sazgar 2048:KSE-30 1932:Sazgar 1507:Abbott 923:  91:KSE 30 64:Public 2244:This 2199:SNGPL 2119:Hubco 1957:SNGPL 1947:Shell 1877:PIBTL 1697:Hubco 1427:KIBOR 1349:banks 482:(PDF) 297:Owner 2250:stub 1907:Ptcl 1847:OGDC 1356:BCCI 921:ISSN 613:Dawn 493:2024 424:HSBC 359:Urdu 346:.com 82:MEBL 1857:PEL 1672:HBL 1667:GSK 988:in 913:doi 164:CEO 78:PSX 2295:: 919:. 907:. 903:. 874:. 856:. 832:. 799:. 780:. 761:. 743:. 725:. 707:. 689:. 669:. 651:. 633:. 621:^ 611:. 586:. 568:. 549:. 531:. 510:. 484:. 460:^ 415:. 396:. 361:: 2281:e 2274:t 2267:v 2256:. 2040:e 2033:t 2026:v 1480:e 1473:t 1466:v 971:e 964:t 957:v 927:. 915:: 909:7 884:. 842:. 817:. 803:. 784:. 675:. 637:. 597:. 572:. 535:. 516:. 495:. 357:( 166:) 159:) 120:) 20:)

Index

Société Générale Pakistan


Karachi
Public
Traded as
PSX
MEBL
KSE 100
KSE 30
Islamic banking
Karachi
chairman
CEO
debit cards
Operating income
Net income
Total assets
Total equity
Subsidiaries
meezanbank.com
Urdu
Islamic bank
Karachi
market capitalization
Islamic Development Bank
Karachi Stock Exchange
Société Générale
Islamic banking
State Bank of Pakistan

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