MEZZAN BANK LIMITED

Company Introduction: Meezan Bank Limited

Meezan Bank Limited is Pakistan's first and largest Islamic commercial bank. It was established in 1997 and commenced operations in 2002, operating under the principles of Shariah (Islamic law).

Regarding its business nature, Meezan Bank Limited is a financial institution. It is neither a factory (involved in manufacturing) nor a trader (involved in the buying and selling of goods). Its core business is providing a comprehensive range of Shariah-compliant banking and financial services, which include retail banking, corporate banking, investment banking, trade finance, consumer financing, and wealth management, all free from interest (riba).

The bank is headquartered in Karachi, Pakistan, and operates an extensive network of branches across the country, serving a diverse customer base from individuals to large corporations. It plays a pivotal role in the development and growth of the Islamic finance industry in Pakistan.

Mezzan Bank Limited, being a financial institution, does not manufacture or sell physical products in the traditional sense. Instead, it provides a comprehensive range of Shariah-compliant financial products and services. These include:

Accounts and Deposits:

Current Accounts

Savings Accounts

Term Deposit Accounts (Fixed Deposits)

Roshan Digital Accounts for Non-Resident Pakistanis

Financing and Loans:

Auto Financing (Ijarah)

Home Financing (Diminishing Musharakah)

Personal Financing (for consumer durables, etc.)

Business and Corporate Financing (Murabaha, Ijarah, Diminishing Musharakah, Istisna, Salam)

Small and Medium Enterprise (SME) Financing

Cards and Payments:

Debit Cards (Visa Gold, Platinum, etc.)

Prepaid Cards

Online Banking Services

Mobile Banking Services

ATM Services

Funds Transfer and Remittance Services (local and international)

Trade and Treasury Services:

Trade Finance Services (Letters of Credit, Letters of Guarantee, Import/Export Financing)

Treasury Services

Investment Banking Services

Other Services:

Bancassurance (distribution of Shariah-compliant insurance products)

Locker Facilities

Branch Banking Services