United Bank Limited (PSX: UBL) has claimed the title of Pakistan’s most valuable bank, surpassing Meezan Bank Limited (PSX: MEBL) in market capitalization. Mohammed Sohail, CEO of Topline Securities, shared the milestone in a recent LinkedIn post, revealing that UBL’s market capitalization has surged to Rs. 426 billion ($1.5 billion). This achievement places UBL as…
Meezan Bank, Pakistan’s leading and first Islamic banking institution, has partnered with Systems Limited and Temenos to modernize its Core Banking Platform. This significant upgrade to the latest Temenos release was formalized at the “Bank of the Future Forum 2024,” a flagship event attended by prominent leaders, including Irfan Siddiqui, Founding President & CEO of Meezan Bank; Syed…
Karachi, Pakistan, November 13, 2024 – Meezan Bank, Pakistan’s leading Islamic bank, has entered into a strategic alliance with CashNow, Pakistan’s pioneering supply chain finance platform, to revolutionize Shariah-compliant supply chain finance. A Memorandum of Understanding (MoU) was signed at Meezan Bank’s Head Office in the presence of senior management from both organizations. This partnership, the first…
Meezan Bank Partners with ITFC to Launch New Islamic Trade Facility for Pakistani Exporters Karachi, Pakistan — Meezan Bank, Pakistan’s largest Islamic bank, has signed a strategic partnership with the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, to introduce the ITFC Letter of Credit (LC) Confirmation product….
Meezan Bank Limited (PSX: MEBL) reported strong financial results for the nine months ending September 30, 2024 (9MCY24), with earnings reaching Rs. 78.3 billion, marking an impressive 34% year-on-year (YoY) growth. The rise in profitability was driven by a significant increase in total income, as highlighted by Arif Habib Limited. For the third quarter of…
Meezan Bank, Pakistan’s leading Islamic bank, and Fauji Fertilizer Company (FFC), the country’s largest fertilizer manufacturer, have announced a strategic partnership to launch Shariah-compliant digital agri-financing solutions tailored specifically for farmers. This innovative collaboration aims to provide an accessible, ethical, and fully digital financing process that directly addresses the unique financial needs of crop cultivation….
Karachi, Pakistan; 5th August 2024: Meezan Bank, Pakistan’s leading Islamic bank and Mastercard, have announced the renewal of their strategic partnership. This collaboration, formalized through a Memorandum of Understanding (MoU) signed by Syed Amir Ali – Deputy CEO of Meezan Bank, and Mr. J. K. Khalil – Regional President of Mastercard, aims to enhance Meezan Bank’s…
Meezan Bank, Pakistan’s leading Islamic bank, has entered into a strategic partnership with Mastercard, a global leader in payment technology, aimed at boosting debit card usage and enhancing payment solutions across the country. The collaboration is set to further strengthen the digital payments ecosystem, offering customers more secure, convenient, and innovative financial services. The signing…
Karachi, August 8, 2024 — Meezan Bank Limited (PSX: MEBL) has reported its highest-ever quarterly earnings, recording a profit of Rs. 26.7 billion for the second quarter of the calendar year 2024 (2QCY24). This marks a significant 55% year-on-year (YoY) increase and a 5% rise quarter-on-quarter (QoQ). The result underscores the bank’s robust financial performance…
Meezan Bank Launches Phase 2 of MEEZANSHIP Program 2024 Meezan Bank has announced the launch of Phase 2 of its MEEZANSHIP Program for 2024, a structured internship initiative designed for fresh graduates and postgraduates. This program aims to bridge the gap between academic learning and industry experience, offering young professionals a valuable opportunity to gain…
