Meezan Bank Archives - Page 3 of 5

Meezan Bank, NCCPL sign MoU to develop Shariah compliant products for capital market

July 8, 2021July 8, 2021Mrs. Anjum Shahnawaz

KARACHI: Meezan Bank and National Clearing Company of Pakistan Limited (NCCPL) have agreed to develop new Shariah-compliant products for the country’s capital market. Through this collaboration, Meezan Bank will extend its support in introducing Murabaha Share Financing System (‘MSF’), a new Shariah-compliant product, implemented by NCCPL, will help in extending Shariah-compliant stock financing facilities to stock […]

Meezan Bank Sharia Board approves issuance of Ijara Sukuk

July 5, 2021May 17, 2026Mrs. Anjum Shahnawaz

KARACHI: Meezan Bank’s Shariah Board, In its 51st Shariah Board meeting, approved Shariah structure for issuance of new Government of Pakistan (GoP) Ijarah Sukuks.

Agha Steel to install 2.25MW solar power project

February 4, 2021February 4, 2021Mrs. Anjum Shahnawaz

KARACHI: Agha Steel Industries has signed a contract with Renewable Power Pvt. Ltd. for installing a 2.25 Megawatt solar power project at its production facility located at Port Qasim Karachi, a statement said on Wednesday. Meezan Bank Ltd is the banking partner for this transaction. This would be among one of the largest solar power […]

Meezan Bank announces direct payment integration with VISA Card

January 19, 2021January 19, 2021Mrs. Anjum Shahnawaz

KARACHI: Meezan Bank Limited has announced direct integration for routing settlement of Visa card transactions. A statement on Tuesday said the shift comes in continuation with its direct integration with Mastercard last year, bringing the bank a step closer to its goal of transforming its customers’ payment experience, enabling faster and more seamless transactions. Meezan […]

Meezan Bank becomes pioneer in Sharia financing for low cost housing

October 19, 2020October 19, 2020Mrs. Anjum Shahnawaz

KARACHI: Meezan Bank has become the first financial institution in the country to disburse the first two Shariah-compliant housing finance facilities under Prime Minister’s Mera Pakistan Mera Ghar, Low Cost Housing Finance scheme, a statement said on Monday. The facilities were disbursed to Muhammad Anees, who works as a Gardener (Mali) and Muhammad Shahid Khan, […]

Meezan Bank honored with many titles at CFA Awards

October 5, 2020October 5, 2020Mrs. Anjum Shahnawaz

KARACHI: Meezan Bank has been awarded with many titles by the CFA Society of Pakistan, a member society of the CFA Institute, USA at its 17th Annual Excellence Awards ceremony held on October 2, 2020. A statement issued on Monday said that the bank had been declared as the ‘Best Bank of the Year’ and […]

Meezan Bank launches electronic e-subscription to IPO

August 5, 2020August 5, 2020Mrs. Anjum Shahnawaz

KARACHI: Meezan Bank has successfully launched electronic subscription to IPOs (Initial Public Offerings) for its corporate customers via CDC’s (Central Depository Company) newly launched Master TREC Module in Centralized eIPO System (CES). A statement issued on Wednesday said that using Master TREC in CES, Meezan Bank will allow registered Master TREC Holders (Brokerage Houses) to […]

Meezan Bank to launch digital payments using Haball platform

July 9, 2020July 9, 2020Mrs. Anjum Shahnawaz

KARACHI: Haball, Pakistan’s leading B2B payments automation platform, in partnership with Meezan Bank – Pakistan’s first and largest Islamic bank, has recently announced the launch of Blink Direct, a service that will enable digital payments for Pakistani businesses and their supply chain partners. The new service will accelerate digital payments to payees while completely removing […]

Meezan Bank’s Shariah Board approves guidelines for COVID related refinance schemes

July 3, 2020July 3, 2020Mrs. Anjum Shahnawaz

KARACHI: Meezan Bank’s Shariah Supervisory Board (SSB) has approved guidelines for COVID-19 related refinance schemes intended to provide relief to businesses and individuals during these challenging times. In the 47th meeting of Meezan Bank’s Shariah Supervisory Board (SSB) was recently held as an online event, with the goal of preventing contagion and staying consistent with […]

Meezan Bank plays leading role in issuance of Rs200bn worth Energy Sukuk

June 9, 2020May 13, 2024Mrs. Anjum Shahnawaz

KARACHI: Meezan Bank Limited has played a leading role in successfully concluding the issuance of Pakistan Energy Sukuk (PES) II worth approximately Rs200 billion by Power Holding Limited (PHL), a public sector entity fully owned by the Ministry of Energy and Government of Pakistan, a statement said on Tuesday.

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