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Tag: Meezan Bank

  • Meezan Bank signs agreement for e-ticket payments

    Meezan Bank signs agreement for e-ticket payments

    KARACHI: Meezan Bank, Pakistan’s leading Islamic bank has recently entered into a partnership with Bookme.pk – Pakistan’s first and largest online ticketing platform that helps customers buy bus, airline and event tickets online using the Bank’s state-of-the-art Internet & Mobile Banking channels.

    The partnership will enable the Bank’s customers to simply log on to their Meezan Bank Internet and Mobile Banking Application portals to conduct secure online transactions and instantly buy tickets by directly checking out with their existing Meezan Bank accounts.

    In addition, the customers will also get to avail best value fares and discounts from Bookme.pk’s large portfolio of digital tickets.

    Commenting on this partnership, Meezan Bank’s Head of Alternate Distribution Channels, Shariq Mubeen said: “Meezan Bank is committed to facilitating advanced and innovative methods of payments that can offer greater convenience to its customers. This initiative with Bookme.pk will provide them with an instant and convenient way to purchase great value tickets through our seamless ADC Channels.”

    “We strive to curate a seamless ticket booking experience for our customers as a leading disrupter in the e-ticketing space in Pakistan. We are very proud to announce the onboarding of Meezan Bank, the first and largest Islamic Bank in Pakistan, as our digital ticketing partner for the enablement of e-ticketing services across Pakistan. We look forward to a mutually beneficial strategic partnership with Meezan Bank and further disrupting the e-ticketing industry across Pakistan,” said Faizan Aslam – CEO, Bookme.pk.

  • Meezan Bank secures 3rd position for employer of the year award

    Meezan Bank secures 3rd position for employer of the year award

    KARACHI: Meezan Bank has secured third position for the Employer of the Year Award in the category of large national companies, said a statement on Friday.

    Meezan Bank, country’s largest Islamic bank, was awarded by Employers’ Federation of Pakistan (EFP) – Pakistan’s largest forum for employers.

    The award was announced at the 7th ceremony of Employer of the Year Awards held at a local hotel in Karachi. Mehar Younus – Meezan Bank’s Head of Learning & Development received the award from Saeed Ghani – Minister of Labour, Information & Archives, Government of Sindh.

    The winners have been selected on the basis of their exemplary staff policies, learning and development initiatives and training & retention practices.

    Meezan Bank has been conferred with this reputable award for the second time owing to its outstanding efforts in these areas.

    This reflects the Bank’s focus on having workplace practices that are at par with world standards, women empowerment, ISO and similar certifications.

    It is noteworthy that the Bank has been recognized among organizations with HR practices that focus on employee needs and engagement levels including various Multinationals, Private & Public Companies, Large Nationals & SMEs.

    EFP is the Apex body of employers of Pakistan; established in year 1950. This is the only body of Employers in Pakistan which is a member of the International Organization of Employers (IOE).

    EFP is also a member of Confederation of Asia-Pacific Employers (CAPE) and South Asian Forum of Employers (SAFE).

    The EFP, as the tripartite constituent of ILO, has the mandate, among others, to interact with Government, business organizations, social partners and stakeholders in its advocacy role on the issues of social, economic, environmental, industrial relations and human resource development.

  • Meezan Bank, CarFirst sign MoU for Islamic financing

    Meezan Bank, CarFirst sign MoU for Islamic financing

    KARACHI: Meezan Bank, Pakistan’s leading Islamic bank has signed a Memorandum of Understanding (MoU) with CarFirst to provide Shariah-compliant financing solutions to customers for the purchase of used cars.

    CarFirst’s online system is backed by network of inspection centers all over Pakistan for purchase and exchange of used vehicles.

    Arshad Majeed, Group Head Consumer Finance – Meezan Bank and Raja Murad Khan – Chief Executive Officer and Co-Founder of CarFirst signed the MOU between the two organizations.

    Under the MoU, Meezan Bank will provide Shariah-compliant financing solutions to customers for the purchase of used cars through CarFirst’s platform.

    CarFirst and Meezan Bank will also jointly work on developing innovative financing products for purchase of used vehicles, that will be offered through CarFirst’s platform.

    Speaking at the occasion, Arshad Majeed expressed his appreciation that this initiative will provide Meezan Bank’s Car Ijarah customers uniquely structured car financing solutions for certified used cars.

    He further added that this alliance will facilitate consumers by making the financing of used cars available to a larger number of customers.

    Commenting on the occasion Raja Murad Khan said, “CarFirst, Pakistan’s most trusted used car trading platform, looks forward to offering tailored solutions to Meezan Bank and its customers for their automotive needs.”

  • Meezan Bank, Indus Motors sign MoU for priority vehicle delivery

    Meezan Bank, Indus Motors sign MoU for priority vehicle delivery

    KARACHI: Meezan Bank – Pakistan’s leading Islamic bank – has recently signed a Memorandum of Understanding with Indus Motor Company Ltd (IMC) – one of the largest automotive manufacturers and distributors in Pakistan, to provide priority delivery of all Toyota variants to Meezan Bank’s customers.

    The signing ceremony took place in Karachi and was attended by Arshad Majeed – Group Head Consumer Finance, Meezan Bank and Abdul Rab – Senior General Manager, Indus Motor Company Limited along with their respective team members.

    Under this agreement, Meezan Bank will provide additional value-added services of priority processing as well as fast track delivery of Toyota vehicles to customers of Meezan Car Ijarah, Pakistan’s first Riba-free car financing product.

    Arshad Majeed while speaking at the occasion said, “Meezan Bank is the leading player in Pakistan’s Islamic Auto Financing industry. We are hopeful that our alliance with Indus Motor Company Ltd will further facilitate our clients by providing them with the best services across the country.”

    Meezan Bank is the leading Islamic Bank of Pakistan and the 7th largest Bank in the country. Meezan Bank has consistently been recognized as the Best Islamic Bank in Pakistan by numerous local and international institutions, which is a testimony of the Bank’s commitment to excellence. The Bank has also been recognized as the Best Bank – 2018 by Pakistan Banking Awards, the most prestigious awards in the country’s banking sector.

    The Bank provides a comprehensive range of Islamic banking products and services through a retail banking network of over 680 in 190 cities supported by a countrywide network of over 700 ATMs, Visa & MasterCard Debit cards, a 24/7 Call Center, Internet Banking and Mobile Banking facility.

    The VIS Credit Rating Company Limited (Formerly JCR-VIS Credit Rating Company Limited), an affiliate of Japan Credit Rating Agency, Japan has reaffirmed the Bank’s long-term entity rating of AA+ (Double A Plus) and short-term rating at A1+ (A One Plus) with stable outlook. The rating indicates sound performance indicators of the Bank.

  • Meezan Bank partners with IBM for accelerating digital transformation

    Meezan Bank partners with IBM for accelerating digital transformation

    KARACHI: Meezan Bank, leading Islamic bank, has announced its partnership with IBM (International Business Machines Corporation) Pakistan, to accelerate its digital transformation.

    The new solution shall enable real-time analysis of data and help the Bank uncover customer behavioral insights. With a network of over 676 branches in more than 180 cities in Pakistan, Meezan Bank will utilize IBM’s data analytics to improve and personalize customer experience, provide new efficiencies to the Bank’s operations and mitigate financial risks.

    Meezan Bank serves more than two million customers currently. The new partnership will enable the Bank to develop insights to improve customer acquisition, servicing as well as overall productivity.

    “Meezan Bank is acutely aware of the increasing importance of leveraging technology to deliver solutions for both customers and the Bank’s own processes. We continue to invest heavily in technology and I am confident that this Data Analytics project will be a game changer,” said Ariful Islam – Deputy CEO of Meezan Bank.

    “Technologies are disrupting our lives at an accelerated pace, and it is our endeavor to deliver as per the expectations of our customers using the tools that new technologies will give us. The future of banking depends on the speed with which we can adapt these new realities.”

    The implementation of this Data Analytics project will give Meezan Bank the ability to ingest and analyze data in real time from various sources, including social media and mobile, and in turn, uncover customer behavioral insights, such as past purchasing behaviors, and make more informed data-driven decisions.

    “Data has become the biggest differentiating factor in the constantly evolving and competitive financial services industry,” said Ghazanfar Ali – Country General Manager of IBM Pakistan.

    “Through IBM’s analytics and cognitive solutions, Meezan Bank will be able to benefit from a data driven approach to create personalized customer experiences, expand the business and drive efficiencies that will extend its leadership in the banking marketplace.”

  • Meezan Bank, CDC sign agreement to launch share custody services

    Meezan Bank, CDC sign agreement to launch share custody services

    KARACHI: Meezan Bank – Pakistan’s leading Islamic bank, and Central Depository Company (CDC) signed an agreement to launch shares custody services, a statement said on Friday.

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  • Meezan Bank, Regal Auto sign MoU for Sharia financing solutions

    Meezan Bank, Regal Auto sign MoU for Sharia financing solutions

    KARACHI: Meezan Bank, Pakistan’s leading Sharia compliant bank, has signed a Memorandum of Understanding (MoU) with Regal Automobile Industries Limited to provide exclusive Shariah-compliant financing solutions and value-added services to its customers.

    Arshad Majeed – Group Head Consumer Finance, Meezan Bank signed the MoU with Sohail Usman, Chairman, Regal Automobile Industries Limited – in Karachi, along their respective senior team members.

    Arshad Majeed, while speaking at the occasion, expressed his appreciation to Regal Automobile Industries for creating an opportunity to enhance customer experience by offering priority processing, fast track vehicle delivery as well as after-sales benefits.

    He further added: “As a leader in Islamic Car Finance in the country, Meezan Bank aims to enhance its product offering by actively working with new automobile manufacturers such as Regal Automobile Industries Limited to offer additional value-added services to its customers.

    “We are hopeful that this recent alliance will prove to be mutually beneficial for both the organizations and help in reaching to a larger market.”

    Regal Automobile has recently entered into the Pakistani auto market, with a license to locally produce the DFSK (Dongfeng) vehicles originating from China, under the ‘Prince’ brand name. DFSK (Dongfeng) comes under the umbrella of Dongfeng Motor Corporation, the state-owned auto giant.

    As per the MoU, Meezan Bank will facilitate the provision of Shariah-compliant car financing solution while Regal Automobile’s brand ‘Prince’ will ensure priority delivery of Vehicles including Glory 580, K07 and C37 with after-sales support services to Meezan Bank’s customers across Pakistan.

  • Alvi assures support for growth of Islamic Finance

    Alvi assures support for growth of Islamic Finance

    President of Pakistan Dr. Arif Alvi has assured the support for the growth of Islamic Finance as the first meeting of reconstituted Ninth National Finance Commission (NFC) will be held on February 06, 2019, sources said on Monday.

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