MEEZAN BANK LIMITED

History of Islamic banking

In 1980 CII presents a report for removal of interest on Islamic banking and
finance.
In 1985 commercial banks convert their all saving accounts as interest free.
In 1991 Federal Shari at Court (FSC) declared the un-islamic the process adopted
by the bank in 1985.
In 1997 to pursue Islamic banking Al-Meezan Investment Bank is created with a
mandate.
In 1999 the Shariat Appellate Bench of the Supreme Court of Pakistan rejects
the appeals and directs all laws on interest banking to cease.
In 2001 the Shariah Supervisory Board is created at Al-Meezan Bank.

In 2002 that bank converts itself into full fledged Islamic commercial bank. It is
renamed as the Meezan Bank and first Islamic banking license issue to this bank.
In 2003 Meezan Bank establishes itself as the pioneer of Islamic banking in
Pakistan and quickly establishes branches in all major cities of the country.

Introduction to the MBL

President General Pervaiz Musharraf begin the new Islamic commercial

bank in Karachi.

MBL is premier Islamic bank, public listed company incorporated on January

27, 1997.
MBL has got the license of commercial banking from the state bank of
Pakistan and is registered under the legislation of banking companys
ordinance 1962.
It has dedicated itself to do business of banking according to Islamic rules
and regulations and is supervised by a Shariah Board who keeps an eye on
the operations of the bank and there must be no element of Riba in it.
Now Meezan bank stand as the leader of the evolution of Islamic bank in
Pakistan

THE SECTOR OF THE MEEZAN BANK

OPERATIONS

Cash

Account Opening

Remittance

TRADE
TREASURY
CREDIT
INFORMATIOIN TECHNOLOGY
MARKETING/SALES

Market share of MBL

MEEZAN accounts 50% of market share of Islamic banking in Pakistan. Market

capitalization in 2013 is 39,488 million. Market value per share is Rs.39.38 in
2013.Totalassets of the bank increased from Rs.274 billion as at December 2012
to Rs.330 billion December 2013, presenting growth of 20%. Deposit growth
26%. Profit after tax 3.9 billion increase 13% as comparing to previous year.
Now in 2014 the market value per share is about Rs.42.

Market share of MBL

769 Thousand customers

Over 6 thousand employees

Rs.330 billion assets

103 cities

351 branches

8th largest bank of Pakistan (in term of branch network)

11th largest bank of Pakistan (in term of deposits)

Rs.289 billion deposits

26% deposits growth rate

85% SME & Commercial banking

44% Total financing portfolio growth rate

13% profit growth rate

24% auto financing growth rate

34% corporate asset growth rate

VISION

Establish Islamic banking as banking of first

choice to facilitate the implementation of an
equitable economic system, providing a strong
foundation for establishing a fair and just
society for mankind.

MISSION

To be a premier Islamic bank, offering a onestop shop for innovative value-added products
and services to our customers within the
bounds of Shariah, while optimizing the
stakeholders value through an organizational
culture based on learning, fairness, respect for
individual enterprise and performance.

PRODUCTS OF MEEZAN BANK

ASSETS BASE PRODUCTS

Meezan kafalah
Meezan roshani generator
Laptop ease
Car ijarah
Tractor ijarah
Meezan labbaik
Meezan Amim

PRODUCTS OF MEEZAN BANK

LIABILITY BASE PRODUCTS

Rupee saving account

Meezan bachat account (MBA)
Karobari munafa account (KBA)
Meezan business plus (MBP)
Labbaik saving aasaan (LSA)
Meezan kids club account
Meezan teens club account
Dollar saving account
Euro saving account
Pound sterling saving account
Meezan Islamic institution deposit account (MIIDA)
Meezan Islamic institution deposit account (MIIDA-NBFI)
Monthly Modarabah certificate (MMC)
Monthly Modarabah certificate plus(MMC+)
Certificate of Islamic investment (COII)
Certificate of Islamic investment plus (COII+)
Meezan amdan certificate (MAC)Dollar Mudarabah certificate

Financial analysis of MBL

Marketing strategies
Meezan Bank launched many several initiatives on highlighting the
milestones that it had achieved during the year and on communicating the
unique selling points of its products to the general public. The marketing
campaigns listed below utilized various media including print, radio and
social media.
Campaign highlighting the performance of 2012
Co-branding campaign with Pak Suzuki motors company limited
Co-branding campaign for fortunes with Indus motor company
Co-branding highlighting the features of Meezan banks current account
Riba se azadi campaign
Campaign on achieving the milestone network size of 100 citie

 The bank regularly informs its customers and general public about its
achievements as well as business and operational milestones. The bank has
significant presence on Social and digital Media through

Its official Facebook pages which has more than 130,000 fans and is one of
the topmost banking sector pages in Pakistan

Major HR Policies and practices

The three functional sub-units of the Human Resource department of the
bank: Talent management, Operations, Systems
Worked very closely on different projects to achieve the banks objective of
being employer of the first choice.

The banks management team participated in several job fairs at major

universities and also partnered with learning and development team of
hiring of trainee officer batches.
The bank has zero tolerance policy on integrity and shariah-compliance
issues which is communicated to the staff through media.

Competitive analysis (SWOT) of the MBL

STRENGTH

WEAKNESS
OPPORTUNITIES
THREATS

STRENGTHS
First and largest Islamic bank of Pakistan
Largest market share of the Islamic banking industry
Wide range of branch network
Truly Shariah-compliant products & services
Strong financial indicators
Strong shareholders
Value added features
Friendly staff

Growth
Effective customer services
Strong healthy working and honorable environment

WEAKNESS
Lack of Islamic banking knowledge
Low Satisfaction of staff
Higher turnover
Centralized system of Management
High charges
Credit card facility
Difficult targets
Stressful job

OPPORTUNITIES
Increasing awareness about Islamic banking
Growing local and international Islamic banking market
Potential for market penetration
Venture to Islamic groups internationally with UAE & Gulf states
Diversion of peoples thinking
Globally acceptance of Islamic banking system
Economic conditions
Industrial growth

THREATS
Conventional banks entering Islamic banking Market
Misconception and Misunderstandings among the general public about
Islamic banking
Growing competition in the Islamic banks
Unstable Political conditions

First week
Customer service department

Types of accounts

Second week

Documents required for account opening

Procedure for account opening

Third week

Clearing department
NIFT
Inward clearing
Outward clearing

Fourth week

Pay order
Demand draft
Travel cheque

Fifth week

Cheque book issuance

Service quality department

Sixth week

Deposit slip
Online deposit slip

Recommendations for the bank

Firstly, the personnel in the bank should not be overstressed with workload.
Secondly, there is a need for creating satisfaction among employees.
Thirdly, as bank expand itself as branch network nationwide, it should
commence its new branches internationally.
Fourthly, the MBL should upgrade its electrical system

Recommendations for the bank

Colleges mission is to prepare students for success in their personal and

professional lives, and for leadership and services in their communities. The
mission of college will successful by this internship program. So colleges should
maintain and build such activities.

Recommendations for the bank

Internship provide the intern real work assignments. It is smart way to

gain valuable experience and training. Intern s can apply the bookish
knowledge in practice. Internship programs develop interns overall
maturity by strengthening resourcefulness, problem-solving skills,
self-confidence, self-discipline and sense of responsibility.