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Meezan Bank

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Overview

Meezan Bank is PSX: MEBL + Pakistani Islamic bank + Noor Financial Investment Kuwaiti parent ~37%+ + Pakistan Kuwait Investment Company ~30%+ controlling + Pakistan's largest Islamic bank by assets + founded Aug 2002 as Pakistan's first Islamic commercial bank + ~4M+ Pakistani Meezan Bank customers [1, pk-cro].

History

Aug 2002 — Meezan Bank founded as Pakistan's first Islamic commercial bank by Royal Decree by Pakistani government distinctive Pakistani Islamic banking heritage.

2014 — Meezan Mobile Banking app launch.

Ownership & operator

Operating entity: Meezan Bank (Pakistani Islamic bank; PSX: MEBL).

Major shareholders: Noor Financial Investment (Kuwaiti parent) ~37%+ controlling + Pakistan Kuwait Investment Company ~30%+ + Pakistani retail + institutional + foreign investors free float.

Regulators: SBP State Bank of Pakistan + DSN Shariah Supervisory Board.

Technical integration

Meezan Mobile Banking app (iOS + Android; ~4M+ Pakistani Meezan Bank customers) + meezanbank.com online + Meezan Bank branch network across Pakistan + Meezan Bank Visa + Mastercard cards; PK IBAN + Raast + Pak-QR + Islamic-compliant retail + commercial banking (no interest; profit-sharing + Murabaha + Sukuk).

Implementations & partners

Major Pakistani banking + Islamic banking + payments competitors: [[habib-bank-pakistan]] (HBL Habib Bank; PSX: HBL; Pakistan's largest commercial bank by assets) + [[ubl-pakistan]] (United Bank Limited UBL; PSX: UBL; one of Pakistan's largest commercial banks) + [[mcb-pakistan]] (MCB Bank; PSX: MCB; Pakistani commercial bank) + [[allied-bank-pakistan]] (Allied Bank Limited; PSX: ABL; Pakistani commercial bank) + [[askari-bank]] (Askari Bank Limited; PSX: AKBL; Pakistani commercial bank) + [[bank-alfalah]] (Bank Alfalah; PSX: BAFL; Pakistani commercial bank) + [[faysal-bank]] (Faysal Bank; PSX: FABL; Pakistani Islamic bank) + [[easypaisa]] (Easypaisa; Telenor Pakistan + Ant Group JV mobile money + bank) + [[jazzcash]] (JazzCash; Mobilink/VEON Pakistani mobile money) + [[raast]] (Raast Pakistan's national instant payment scheme).

Regulators: SBP State Bank of Pakistan + DSN Shariah Supervisory Board.

Status

Active, PSX:MEBL + Pakistani Islamic bank + Noor Financial Investment Kuwaiti parent ~37%+ + Pakistan Kuwait Investment Company ~30%+ controlling + Pakistan's largest Islamic bank by assets + founded Aug 2002 as Pakistan's first Islamic commercial bank + ~4M+ Pakistani Meezan Bank customers [1, 2].

Sources

Source

Biography extracted from meezan-bank.md. See matrix.md for standards-support matrix if present.

source · docs/wallets/meezan-bank/index.md