Meezan Bank Limited

Meezan Bank provides bill discounting facility for Huawei

KARACHI: Meezan Bank has successfully instituted an Islamic alternate to Inland Bill Discounting Facility for Huawei Technologies Pakistan (Pvt.) Limited – a first-of-its-kind transaction in Islamic banking industry, developed as a Shariah-compliant alternate to local bill discounting facility. READ MORE: Meezan Bank lends Rs1 billion under youth scheme The first drawdown under the facility was […]

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engro corp

Engro Enfrashare signs Rs4.5 billion Islamic financing

KARACHI: Engro Enfrashare, a wholly-owned subsidiary of Engro Corporation, has entered into an Islamic syndicate arrangement amounting to Rs4.5 billion, led by Meezan Bank and Faysal Bank, according to a statement issued on Tuesday. The proceeds raised through this Islamic syndication would be utilized to finance the development of tower sites for various mobile network […]

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