MEEZAN BANK:

Meezan Bank is a company that started functioning as an Islamic bank in the year in which it was first time incorporated i.e. January 1997. Later on in the year 2002 Meezan Bank became the first Islamic bank of Pakistan that offers commercial Islamic banking. The founder and first Chief Executive Officer was Mr. Irfan Siddiqui. Meezan Bank is a complete Islamic bank that is pioneer in introducing several facilities in Pakistani banking system that are according to the rules and regulations that were set by Islam. The basic functions and facilities that are provided by the Meezan Bank currently are as follows:

ü      Personal Banking and Finance

ü      Commercial Bnaking

ü      Corporate Bnaking

ü      Syndicated and Structured Fiannce

ü      Project Financing

ü      Financial Advisory Services

ü      Traesury

ü      Car Ijrah- Car financing

ü      Easy Home Financing

ü      Asset Management

Department of Product Development and Shariah Compliance (PDSC):

PDSC is the important department for any bank that offers Islamic Bnaking, Meezan Bank introduced PDSC in the year 2005, this department works directly under the control of Dr. Muhammad Imran Usmani. PDSC is a strengthening function of Meezan Bank that strengthens the Islamic banking. The basic function of PDSC is to control, design and regulate and facilitate the upcoming products, analyze and refine the currently existing products, it provides training about Islamic banking to new comers, it also conducts Shariah Audit regularly and it is also responsible for reviewing branches and departments, it is also responsible for co-coordinating with Shariah Board of bank.

E-Banking (Electronic Banking):

Internet banking or E-banking is another plus point function of Meezan Bnak, where client can get easy access just on single clicks, following functions and services are provided by Meezan Bank through Internet banking:

ü      Balance Inquiry

ü      Statement viewing and download

ü      Cheque status

ü      Cheque blocking

ü      Pay order request

ü      Change book request

ü      Compliant logging

ü      Change of address

ü      Funds transfer between own accounts at Meezan Bank

Branches of Meezan Bank:

Currently there are 166 branches of Meezan Bank that are functionaing in different areas of Pakistan; some of these cities are as follows:

Hub, Hyderabad, Krachi, Benazir Bhutto, Quetta, Sakrand, Sukkur, Tando Adam, Tando Allah Yar, Lahore, Rawalpindi, Bahawalpur, Daska, Dera Ghazi Khan, Faisalabad, Gojra, Gujranwala, Jhang, Kasur, Mandi Bahauddin, Mian Channu, Multan, Okara, Rahim Yar Khan, Sadiqabad, Sahiwal, Sargodha, Sheikhupura, Sialkot, Abbottabad, Dera Ismail Khan, Gujjar Khan, Haripur, Islamabad, Kohat, Mansehra, Mardan, Muzzafarabad, Peshawar, Swat.