Karachi: Meezan Bank, Pakistan’s leading Islamic bank, and Arif Habib Limited (AHL), a pioneer in investment banking, have announced a strategic partnership aimed at enhancing the investor experience in Pakistan.
The collaboration was formalized through a Memorandum of Understanding (MoU), signed by Syed Amir Ali, Deputy Chief Executive Officer of Meezan Bank, and Shahid Ali Habib, CEO of Arif Habib Limited, in the presence of senior management from both organizations.
As part of this partnership, the two institutions have introduced an innovative Instant Top-Up Service for investors. This new service allows Meezan Bank customers to instantly transfer funds to their Arif Habib Limited investment accounts via Meezan Bank’s Alternate Distribution Channels, including the Meezan Mobile App, Internet Banking, and ATMs.
Previously, investors were required to manually transfer funds and submit proof of deposits, a process that was both time-consuming and cumbersome. The Instant Top-Up Service automates this process, saving time and simplifying fund management for investors.
Speaking about the collaboration, Syed Amir Ali stated:
“The Instant Top-Up Service is part of Meezan Bank’s ongoing efforts to digitalize and streamline financial transactions. This initiative reinforces our leadership in Shariah-compliant banking and reflects our commitment to enhancing the digital banking experience. By partnering with Arif Habib Limited, we are helping investors manage their accounts more efficiently and driving the evolution of digital banking in Pakistan.”
Shahid Ali Habib expressed similar sentiments, saying:
“We are delighted to collaborate with Meezan Bank to offer swift and secure digital payments to our clients. This partnership underscores our dedication to integrating advanced technologies that simplify financial transactions and enhance customer satisfaction. Together, we are taking a significant step forward in transforming Pakistan’s financial ecosystem.”
The Instant Top-Up Service highlights the shared commitment of Meezan Bank and Arif Habib Limited to promoting financial innovation and customer-centric solutions in Pakistan’s banking and investment sectors.
