Meezan Bank Presentation
Jul 25, 2015
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Transcript
M.Hamza Butt
First of all i would like to start with the name of ALLAH the most beneficial and the Merciful, Salam To all my class fellow and our respected professor Prof. Mian Riaz
Meezan Bank ltd is the first and largest Islamic bank in Pakistan. It is one of the fastest growing financial institutions of the country. The bank commenced operations in 2002 after being issued the first ever Islamic commercial banking license by the state bank of Pakistan.
Meezan Bank
M.Hamza Butt
The word meezan is an Arabic word which means Balance. Meezan bank is Pakistan's first and largest Islamic Bank. It is one of the fastest growing financial institutions in banking sector of Pakistan. Meezan Bank was founded with the vision of establishing Islamic Banking as first choice for banking. Meezan Bank Commenced Operations in 2002 after being issued the first ever Islamic Commercial Banking license by The State Bank of Pakistan. Meezan Bank is a public limited company sponsored by leading financial institution from Pakistan and Middle East. Meezan Bank Offers a complete range of Islamic banking products and services through a retail banking network of over 432 branches working in over 115 cities of Pakistan making Meezan Bank the 8th largest banking network in Pakistan.
“ ALLAH has permitted trade and forbidden riba.” ( Surah Al-BAQARAH,Verses 275)
Riba (interest)
Halal profit
Islamic Banking
M.Hamza Butt
The basic difference in banking and Islamic banking is that Islamic banking don't deal with Riba(Interest) neither they take interest nor they give profit based on interest. Because Riba (Interest) is strickly prohibited and considered haram in religion Islam.
ChairmanJustice (retd.) Muhammad taqi usmani
MembersDr. Abdul sattar Abu ghuddahSheikh essam M. IshaqDr. Muhammad Imran Usmani
Members of Shariah Board
M.Hamza Butt
Board of DirectorsChairman
Sheikh Ebrahim Bin Khalifa Al-Khalif
Vice ChairmanRiyadh S.A.A.Edress
President & CEOIrfan Siddiqui
Deputy CEOAriful Islam
Directors
Rana Ahmad HumayunSyeda Azra MujtabaMohammed Azzaroog RajabAlaa A. Al-SarawiMohammed Abdul AleemNoorur Rehman Abid
M.Hamza Butt
Mission statement defines the objectives of the business while vision statement what the company want to achieve in future
Establish Islamic banking as banking of first choice
Vision
M.Hamza Butt
Establish Islamic banking as first choice for banking to implement an equitable economic system.that will provide a stroong foundation for creating an fair and just society.
To be a premier Islamic bank, offering a one-stop shop for innovative value-added products and services to our customers within the bounds of Shariah
Mission
M.Hamza Butt
The mission of meezan bank is to be the premier Islamic bank offering a one- stop for innovative, value-added products and services to their customers within the guidlines of Shariah, while optimizing the stakeholder's value through an organizational culture based on learning , fairness, respect for the individual enterprise adn performance
Service Mission
Maintaining the balance between the needs of our shareholders, our customers, our staff and other stakeholders for the foundation of a fair society for the mankind.
M.Hamza Butt
Meezan An arabic word Means Balance taken from the Surah-Al-Rehman. At we believe in maintaining balance between the needs of our shareholders, our customers, our staff and other stakeholders. This approach will Insha'ALLAH helps us achieve our vision of providing a strong foundation for establishing a fair and just society for mankind
M.Hamza Butt
Meezan An arabic word Means Balance taken from the Surah-Al-Rehman. At we believe in maintaining balance between the needs of our shareholders, our customers, our staff and other stakeholders. This approach will Insha'ALLAH helps us achieve our vision of providing a strong foundation for establishing a fair and just society for mankind
Shariah-compliance Integrity Professionalism Innovation Service Excellence Social Responsibility
Core Values
M.Hamza Butt
Shariah Compliance= every activities, products and services are monitor by SSB. Integrity =
Products and Services
M.Hamza Butt
Alln products and services offered at meezan bank are developed under the Shariah Supervisiory Board(SSB). The SSB ensures that all products and services offered at meezan bank are completely in line with rules of Islamic Shariah. This controlled mechanism certifies that all the aspects of meezan bank products and services are according to the guideline of Islamic Shariah
Meezan Rupee Current AccountMeezan Rupee Saving AccountMeezan Bachat AccountKarobari Munafa AccountMeezan Business Plus AccountMeezan Kids Club AccountMeezan Teens Club AccountMeezan KafalahMeezan Labbaik
Foreign Currency Current AccountMonthly Mudarabah CertificateCertificates of Islamic InvestmentMeezan Amdan CertificateDollar Mudarabah CertificateCar IjarahEasy HomeLaptop EaseMeezan Roshni
Products of Meezan Bank
Online BankingMeezan Visa Debit CardMeezan Master Card or Titanium Debit CardMeezan Web PayMobile Banking App
Internet BankingSMS BankingSMS AlertsMeezan ATM NetworkMeezan Quick PayMeezan Premium Banking
Services of Meezan Bank
Analysis of Meezan Bank
Dec31, 2014 Dec31, 2014 Growth
Profit After Taxation RS 4.57 Billion RS 3.95 Billion 16%
Total Deposits RS 380 Billion RS 289 Billion 31.5%
Total Asset RS 437 Billion RS 329 Billion 33%
Share Capital RS 10.23 Billion RS 10.23 Billion -
Total Shareholders Equity RS 23.26 Billion RS 17.90 Billion 30%
Financial Analysis
SWOT Analysis
PEST analysis is a useful strategic tool for understanding market growth or decline, business position, potential and direction for operations. In analyzing the macro-environment, it is important to identify the factors that might in turn affect a number of vital variables that are likely to influence the organization’s supply and demand levels and its costs.
PEST Analysis
First customer of Islamic Insurance (Takaful) First Islamic bank to introduce 8 am to 8 pm banking at selected branches in Karachi Meezan Bank was awarded 'Best Islamic Bank in Pakistan' by Islamic Finance News of RED money Group. Best Islamic Bank in Pakistan' for consecutive 3 years 2012-2014 by ASIA MONEY MagazineBecome the 8th biggest banking network in Pakistan
Achievements
Total Assets PKR 437 BillionDeposits and other accounts PKR 380 BillionMarket Share in IFLS 35%Profit After Tax 4.57 BillionShare Capital PKR 10.027 BillionShareholders Equity PKR 23-26 BillionNo. of branches 432No. of cities of operation 117No. of Staff 7000+
Statement of Final Position2014
Conclusion
M.Hamza Butt
meezan bank has customers more than 973000, there total assets are RS 437 billion. They have 432 branches working in pakistan's 117 cities with 7000+ employees. There growth rate was 25-27% in 2014.
Any Query???
M.Hamza Butt
ok guys if anybody have any sort of question feel free to ask?
M.Hamza Butt
Thank You for listenning
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