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Meezan Bank

Vision--------------------------------------------------------------------------------1 Mission Overview of Meezan Bank: Corporate profile: Share holding structure: Business segments: Personal banking: Corporate banking: Commercial banking: Investment banking: Treasury and finance institution: The Asset Management and Investment Advisory Arm of Meezan Bank Limited: Meezan Branch Network: Financial analysis: Conclusion:

Vision

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Meezan Bank

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 one-stop 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.

Service Mission

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Meezan Bank

To develop a committed service culture which ensures the consistent delivery of our products and services within the highest quality service parameters, promoting Islamic values and ensuring recognition and a quality banking experience to our customers.

"We must work our destiny in our own way and present to the world an economic system based on true Islamic concept of equality of manhood and social justice."
Quaid-e-Azam Mohammad Ali Jinnah
Founder of Islamic Republic of Pakistan On the Occasion of the Opening Ceremony of The State Bank of Pakistan on July 1, 1948

Overview of Meezan Bank:


Meezan Bank Limited, a publicly listed company, was incorporated on January 27, 1997 and started operations as an investment bank in August that year. In January, 2002 in a

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Meezan Bank historic initiative, Meezan Bank was granted the nations first full-fledged commercial banking license as a dedicated Islamic Bank, by the State Bank of Pakistan. Meezan Bank has clearly established itself as the largest Islamic Bank in Pakistan with the largest Islamic Banking branch network in the country. The banking sector is showing a significant paradigm shift away from traditional means of business and is catering to an increasingly astute and demanding financial consumer, who is also becoming keenly aware of Islamic Banking. Meezan Bank bears the critical responsibility of leading the way forward in establishing a stable and dynamic Islamic Banking system replete with dynamic and cutting-edge products and services. During the eight years of its operations as an Islamic commercial bank offering universal banking services to customers, Meezan Bank has been one of the fastest growing banks in the history of Pakistans banking sector. Average growth in deposits has been 55% per annum during this period while the branch network grew from 4 to 201. The Bank has established a strong and credible management team comprised of experienced professionals, that have achieved a strong balance sheet with excellent operating profitability and strong ratios, which places the Bank at the top of the Islamic Banking industry. The Bank has been assigned a long-term entity rating of A+ with a Stable outlook and a short-term entity rating of A1. The Banks main shareholders are leading financial institutions of the Region namely, Noor Financial Investment Company, Kuwait, a leading investment company based in Kuwait; Pak-Kuwait Investment Company, a AAA rated financial entity in the country and the Islamic Development Bank of Jeddah. The established position, reputation, strength and stability, of these institutions add significant value to the Bank through Board representation and applied synergies. The Bank has an internationally renowned Shariah Supervisory Board Chaired by Justice (Retd.) Maulana Muhammad Taqi Usmani, an internationally renowned figure in the field of Shariah, particularly Islamic Finance. He holds the position of Deputy Chairman at the Islamic Fiqh Academy, Jeddah and in his long and illustrious career has also served as a Judge in the Shariat Appellate Bench, Supreme Court of Pakistan. The Board also includes Sheikh Essam M. Ishaq (Bahrain), Dr. Abdul Sattar Abu Ghuddah (Saudi Arabia) and Dr. Imran Usmani who is also the resident Shariah Advisor of the Bank. Dr. Imran is assisted by a team of professionals who strictly monitor the regular transactions of the Bank and are also responsible for Product Development. The bank has developed an extraordinary research and development capability by combining investment bankers, commercial bankers, Shariah scholars and legal experts to develop innovative, viable, and competitive value propositions that not only meet the requirements of todays complex financial world, but do so with world-class service excellence which our customers demand, all within the bounds of Shariah. Meezan Bank has a strong technology focus. It has invested heavily in state-of-the-art software applications namely Temenos T-24 and Oracle. It has also recently upgraded

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Meezan Bank its hardware platform and also has a hot disaster recovery site in place to cater to any unforeseen eventualities. By implementing robust and aggressive strategic and tactical initiatives on the side of consumer banking, Meezan Bank aims to fulfill its prime target of providing customers accessibility and convenience, within an atmosphere and culture of dedicated service and recognition of their needs. The Bank has a rapidly growing branch network across all major cities nation-wide. At Meezan Bank, we believe in adding value to our customers lives and businesses through dynamic and competitive products and services that fulfill their needs while conforming completely to the dictates of Shariah. At the same time, we endeavor to deliver competitive risk-adjusted returns to our stakeholders.

Introduction
Meezan Bank Limited, a publicly listed company, was incorporated on January 27, 1997 and started operations as an investment bank in August that year. In January, 2002 in a historic initiative, Meezan Bank was granted the nations first full-fledged commercial banking license as a dedicated Islamic Bank, by the State Bank of Pakistan. , Meezan Bank has been one of the fastest growing banks in the history of Pakistans banking sector. Average growth in deposits has been 55% per annum during this period while the branch network grew from 4 to 201.

Corporate profile
Meezan Bank is managed by a team of professional bankers committed to the cause of Islamic Banking. This single unifying factor unleashes the tremendous power of a dedicated and motivated team committed to fulfilling the Vision and Mission of this Bank.

Shariah board:
The letter and spirit of Islamic Banking rest upon absolute adherence to the Shariah. The foundations of a strong Shariah underpinning at Meezan Bank were laid from the beginning. A world renowned Shariah Supervisory Board and a highly qualified and experienced in house Shariah Advisor are fundamental aspects of the Bank's core USP. The primary role of this board is to maintain and further strengthen this commitment and to ensure strict Shariah compliance in all the Bank's operations. The members of the Shariah Supervisory Board of Meezan Bank are Internationallyrenowned scholars, serving on the boards of many Islamic banks operating in different countries.

The members of the Board are:

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Meezan Bank
1. 2. 3. 4.

Justice (Retd.) Muhammad Taqi Usmani (Chairman) Dr. Abdul Sattar Abu Ghuddah Sheikh Essam M. Ishaq Dr. Muhammad Imran Ashraf Usmani (Advisor)

Board of director:
The Board of Directors of Meezan Bank are:

H. E. Sheikh Ebrahim Bin Khalifa Al-Khalifa (Chairman) (Ministry of Housing, Kingdom of Bahrain) Mr. Naser Abdul Mohsen Al-Marri (Vice Chairman) Mr. Jassar Dakheel Al-Jassar Mr. Rana Ahmed Humayun Mr. Mohammed Azzaroog Rajab Mr. Ahmed Abdul Rahim Mohamed Mr. Nawal Ahmed Mr. Alaa A. Al-Sarawi Mr. Mian Muhammad Younis Mr. Irfan Siddiqui (President & Chief Executive Officer) Mr. Ariful Islam (Chief Operating Officer)

Audit Committee
Nawal Ahmed Ahmed Abdul Rahim Mohamed Mazhar Sharif

Risk Management Committee


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Meezan Bank

Alaa A. Al-Sarawi Mazhar Sharif Ariful Islam

Human Resource Committee


Ahmed Abdul Rahim Mohamed Naser Abdul Mohsen Al-Marri Irfan Siddiqui

Company Secretary
Shabbir Hamza Khandwala

Credit rating:
Meezan Bank entity rating of AA- for medium to long term and A-1 for short-term Meezan Bank entity rating upgraded by JCR-VIS Meezan Bank has received entity ratings of AA- (Double A Minus) for medium to long-term and A-1 (A-One) for shortterm. These ratings have been assigned by JCR-VIS Credit Rating Company, which has also set Meezan Banks outlook on medium to long-term rating as Stable. Meezan Banks ratings are based on its shareholding with world-renowned financial institutions, pioneering role in the industry, strong management initiatives in continuously introducing various range of Islamic products.

DEFINITIONS BEING USED BY JCR-VIS CREDIT RATING COMPANY

Medium to Long Term AA+, AA, AAHigh: High credit quality. Protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions.

Short Term A-1: High certainity of timely payment. Liquidity factors are excellent and supported by good fundamental protection factors. Risk factors are minor.

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Meezan Bank

Shareholding Structure:

Share Holders

Rs. in million

Noor Financial Investment Company, Kuwait

3,429

49.11

Pakistan Kuwait Investment Company (Pvt.) Limited

2,095

30.00

Islamic Development Bank, Jeddah

651

9.32

Others Paid up Capital

808 6,983

11.57 100 %

Business segments:
The business segments of the Bank are: o o o o o o o Personal banking Corporate Banking Investment Banking Commercial Banking and SME Consumer Banking Treasury & Financial Institutions Asset Management (managed through a subsidiary Al Meezan Investment Management Limited.)

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Meezan Bank Retail Banking is organized in seven regions across Pakistan, namely South-I Region, South-II Region, South-III Region, Lahore Region, Faisalabad Region, Multan Region, and North Region.

PERSONAL BANKING
Personal banking includes follwing operations.

Current & saving a/c


Current and saving accounts includes following accounts. 1-Rupee Current A/c: Meezan Bank is pleased to offer Riba-Free Current Account, a flexible Rupee based account that is ideal for individuals and businesses looking for Shariah compliant banking and professionalism both under one roof.The Meezan Bank Current Account, is a comprehensive Halal method of acquiring a secure and easily maintainable Riba Free bank account. Bundled with 24/7 and special banking services, the Meezan Bank Current Account is an innovative value added account which provides customers both ease of utility and unmatched service quality. Key features of the Riba -Free Current Account Instant access to funds at any online branch Free Real-time Online Banking Services across our branch network nationwide Visa Debit Card Free 24/7 Internet Banking No restriction on withdrawals or number of transactions No deduction on low balance maintained Bank balance certificates & duplicate statements of account SMS Alerts service Stop Payment & Hold Mail instructions 24/7 Call Center with complete Phone-banking services Personal financial consultancy services Specialized 8 to 8 Banking at selected branches

What do I need to open an account?

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Meezan Bank Just fill in our Account Opening Form (available at any branch), and submit the required documents. That's all you need to open a Current Account with us and enjoy our personalized banking services. 2-Rupee Saving A/c: A unique bank account that offers the opportunity to earn Halal profits, while enjoying a range of added benefits. It can be opened with a minimum amount of only Rs.10,000. The profit on this account is calculated and paid on a monthly basis, and comes with a variety of free benefits, no restrictions on transactions, priority banking and more. Minimum amount required to open an account is Rs. 10,000 Riba Free COII Holders may open accounts without any minimum balance requirements Riba Free Rupee Saving Account works under the principles of Mudarabah and is strictly in conformity with the rules of Islamic Shariah. Profit calculation and all banking transactions are in strict adherence to the Islamic Shariah, monitored by our Shariah Advisor and the Shariah Supervisory Board Key features Apart from first class service and personalized attention that our customers get when they bank with us, we offer the following additional conveniences: Profit will be calculated on daily product basis. Distribution of profit on monthly basis. Instant access to funds at any online branch. Free Online Banking services at all Meezan Bank branches nationwide. No restriction on withdrawals or number of transactions . Bank balance certificates & duplicate statements of account. Stop Payment & Hold Mail instructions. Visa Debit Card. 24/7 Call Center with complete Phone-banking services. Personal financial consultancy services. Specialized 8 to 8 Banking at selected branches.

What do I need to open an account?

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Meezan Bank Just fill in our Account Opening Form (available at any of our branches) and provide the required documents. That's all you need to do to open a Rupee Saving Account with us and enjoy our personalized banking services. 3-Doller Saving A/c: Meezan Bank is pleased to offer Riba-Free Dollar Saving Account, a foreign-currency based investment opportunity that is set up on the principles of Shariah and as a result is free from the element of interest. With a minimum of only $100 you can open a Dollar Saving Account with us under a Mudarabah arrangement that is strictly in conformity with the principles of Islamic Shariah. The return earned on the Mudarabah pool is calculated every month and the profit ratio for all investors is declared at the beginning of the month. If you maintain a minimum average monthly balance of $ 500, you shall be eligible to receive profits that shall be credited to your account every month. Key Features Apart from first class service and personalized attention that our customers get when they bank with us, we offer the following additional conveniences to our customers:

Monthly profit payment No restriction on withdrawals or number of transactions. 24/7 Call Center with complete Phone-banking services Taking stop payment instructions Taking hold mail instructions Issuance of duplicate statement of account Personal financial consultancy services

What do I need to open an account?


Just fill in our Account Opening Form (available at any of our branches) and provide the required documents. That's all you need to do to open a Dollar Saving Account with us and enjoy our personalized banking services.

4-Meezan Bachat A/c:

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Meezan Bank Meezan Bachat Account is a unique saving account that provides high monthly returns with the flexibility to withdraw savings if needed. Thus Meezan Bachat Account offers a higher expected rate of return with the convenience of a savings account. With a Meezan Bachat Account, you are entitled for a higher the profit with a higher account balance. You receive profit even if your balance falls below Rs. 25,000/- in any month. Profit is credited to your account every month and is calculated with reference to the minimum balance maintained in the account during the preceding month. The Riba-Free Meezan Bachat Account works under the principles of Mudarabah and is strictly in conformity with the rules of Islamic Shariah. Profit calculation and all banking transactions are in strict adherence to the Islamic Shariah, monitored by our Shariah Advisor and the Shariah Supervisory Board. Key Features Enjoy a range of valuable features including: Halal & High Competitive returns Profit payment on monthly basis open for individuals only Minimum balance for account opening is just Rs.25,000/Maximum balance limit for getting highest profit rate is Rs. 1,000,000/Waiver of application fee for Car Ijarah & Easy Home for accounts with minimum balance of Rs. 500,000 Free Realtime Online Banking services at all Meezan Bank branches nationwide Free bank balance certificates Visa Debit Card 24/7 Call Center with complete Phone-banking services 24/7 Internet Banking free and instant access to your account(s) anytime & anywhere Personal financial consultancy services. Specialized 8 to 8 Banking at selected branches

Meezan Business Plus(new): Meezan Business Plus is a Mudaraba-based account that allows you to conduct your banking transactions while availing a wide range of free services and therefore provides you the ideal blend of convenience & flexibility that you deserve in Islamic banking.

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Meezan Bank

Meezan Business Plus Account can be opened by: Individuals Sole Proprietorships Partnerships Limited Companies

Key features: Minimum investment required to open an account is Rs. 100,000/There is no restriction on withdrawals or numbers of transactions There is no deduction of service charges if the balance maintained is low You will have instant access to your account both through Internet Banking and through Online Banking at all branches of Meezan Bank across Pakistan The following facilities will be provided free of charge* if an average monthly balance of Rs. 100,000/-is maintained in the account Free Cheque books Free Pay Orders Free VISA Debit Card Free Account Statements Free Online Banking Free Internet Banking Free Hold Mail Facility Free SMS Alert services Free intercity clearing

What makes Meezan Business Plus Shariah-compliant?


Meezan Business Plus Account works on the principle of Mudarabah under which the customer is an Investor (Rab ul Maal), and the Bank is the Manager (Mudarib) of the funds deposited by the customer. The Bank allocates the funds received from the customers to a Deposit pool. Funds in the pool are invested under Islamic modes of finance that include, but are not restricted to, Murabaha, Sukuk and Ijarah. The Bank calculates the profit on the Deposit pool every month. Gross income of the deposit pool is shared between the Bank (Mudarib) and customers (Rab ul Maal) on the basis of a pre-determined profit-sharing ratio that is announced at the beginning of each month and is available at Meezan Banks website (www.meezanbank.com) or can be obtained from any branch of Meezan Bank upon request. Hailey College of Banking & Finance - 13

Meezan Bank In case of a loss, as per the rule of Mudarabah, the Rab-ul-Maal shall bear the loss in the ratio of his investment Karobaari Munafa A/c: Karobari Munafa is a high profit savings account specifically tailored for large Corporate or GoP controlled entities. It allows customers to earn higher returns on surplus cash balances. It has no preset transaction limits and comes with a variety of free packaged benefits. Key Features: Profit will be calculated on a Daily Product Basis Minimum balance requirement for account opening is Rs. 1 Million No restriction on deposits and withdrawals Free facilities: chequebooks and payorders Dedicated account / relationship manager

The Karobari Munafa Account works under the principles of Mudarabah and is strictly in conformity with the rules of Islamic Shariah. Profit calculation and all banking transactions are in strict adherence to the Islamic Shariah, monitored by our Shariah Advisor and the Shariah Supervisory Board Labbaik Saving Aasaan: Labbaik Saving Aasaan is ideal for you if you are a small saver and wish to save for your spouse, children, parents etc. You can take benefit from this special Mudarabah based Deposit account (available from 6 months to 20 year plans) for Umrah & Hajj where you will also be entitled for profit on the deposited amount thus providing you a bigger incentive to save for Umrah/Hajj through Labbaik Saving Aasaan. Our dedicated branch staff will guide you for the expected Hajj/Umrah package prices for the specific year in which you wish to undertake the Holy journey and set the monthly deposit amount as per plan. Once the deposited amount reaches the package price you can fulfill your objective of performing Umrah/Hajj. The Labbaik Saving Aasaan Account is a non-checking account i.e. no cheque book or ATM card will be issued to you, however you shall have the option to withdraw from the scheme any time by closing your Labbaik Saving Aasaan Account. Use our calculators to calculate your flexible payment plan Hajj Saving Aasaan Calculator Umrah Saving Aasaan Calculator

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Meezan Bank

How it works
On agreeing to become a Labbaik Saving Aasaan Account holder, you will enter into the relationship of Mudarabah with the Bank. Under this relationship, you will be the Investor (or Rab-ul- Maal) and the Bank will be the Manager (or Mudarib) of the funds deposited by you in the Deposit pool. These funds will be utilized by the Bank to provide financing to Customers under the Islamic modes, including but not limited to Murabaha, Ijarah, Istina and Diminishing Musharakah. The Bank will calculate the profit of the deposit pool every month and income will be shared between the Bank and the Customers on a Gross Income level, based on the pre agreed profit sharing ratios announced at the beginning of the period. The profit sharing ratios are available here or can also be requested from the branches. The profit will be distributed among the Labbaik Saving Aasaan Account holder as per the profit sharing Weightages announced at the beginning of the month. Accordingly your account will be credited with the proportionate profit amount. In case of any loss, as per the rules of Mudarabah, the Rab-ul-Maal shall bear the loss in the ratio of their investment.

Term certificates:

Certificates of Islamic investment: The Riba Free Certificate of Islamic Investment is a Shariah compliant investment certificate with a minimum investment of Rs. 50,000 and offering tenures from 3 months to 5 years. Profit on investment may be earned on the following basis: Monthly profit on 1, 2, 3 and 5 years (Minimum Investment Rs. 200,000) Quarterly profit on 1, 2, 3 and 5 years At maturity profit payment for all tenures

Riba-Free Certificate of Islamic Investment (COII) works under the principles of Mudarabah and is strictly in conformity with the rules of Islamic Shariah. Profit calculation and all banking transactions are in strict adherence to the Islamic Shariah, monitored by our Shariah Advisor and the Shariah Supervisory Board.

Invest in Certificate of Islamic Investment


Riba-Free COII is available at all branches of Meezan Bank Ltd. We invite you to visit any of our branches to experience the comfort of our personalized services. To make an Hailey College of Banking & Finance - 15

Meezan Bank investment the bank requires customers to maintain either a current or a saving account with Meezan Bank. In order to open an account, fill in the Account Opening Form, bring in the required documents, and get introduced by an existing banker. Additional Features: Enjoy a range of valuable features including: Halal and high competitive returns Pre-mature withdrawal options available Free Online Banking services at any of our branches 24/7 Call Center with complete Phone-banking services Specialized 8 to 8 Banking at selected branches

Meezan Aamdan Certificates: The Riba-Free Meezan Aamdan Certificate (MAC) is a long-term deposit certificate with an exceptionally high monthly profit designed especially for those individuals and corporations who are in need of regular stream of monthly income. MAC is a monthly income (mahana aamdani) certificate with a variety of free packaged benefits. The certificate under the principles of Mudarabah, is strictly in conformity with the rules of Islamic Shariah. Profit calculation and all banking transactions are in strict adherence to the Islamic Shariah, monitored by our Shariah Advisor and the Shariah Supervisory Board. Key Features: Enjoy a range of valuable features including: Halal high competitive returns Minimum investment amount: Rs. 100,000/Special attraction for Widows and Senior citizens with minimum investment of PKR 50,000/Available tenures of 5 years and 7 years Profit payment on monthly basis. Pre-mature withdrawal options available as per approved schedule Free cheque book Free ATM withdrawals (unlimited transactions per month) from Meezan Bank ATM outlet nationwide network Free Online Banking services at all Meezan Bank branches nationwide Free Internet banking facility - 16

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Meezan Bank 24/7 Call Center with complete Tele-banking services Specialized 8 to 8 Banking at selected branches

Invest in the Meezan Aamdan Certificate


Invest, in Riba-Free Meezan Aamdan Certificate (MAC) and enjoy personalized banking services from any Meezan Bank branch across Pakistan. Simply submit a completed application form, along with the relevant documents. Meezan Providence Certificate: Meezan Providence Certificate is a long-term investment certificate specially designed to cater to the needs of corporate and business concerns for purposes of investing their Provident, Pension and Gratuity Funds. As any prudent investor, your main concerns would be total security along with the best returns possible, especially as these funds are a trust from your employees and one that bears an important responsibility. Meezan Providence rests on the well known and solid financial strength of Meezan Bank, which has a strong and credible balance sheet with excellent operating profitability, including a capital adequacy ratio that has placed the Bank at the top of the industry, a long-term entity rating of A+, and a short-term entity rating of A1. Furthermore, our sterling track record shows consistently beneficial and highly competitive returns for our broad range of investors. Finally, comes the benefit of truly Halal returns, a benefit you may not have had the opportunity to enjoy before and one that you can now pass on to your employees, many of whom would be grateful for such an opportunity. Riba-Free Meezan Providence Certificate (MPC) works under the principles of Mudarabah and is strictly in conformity with the rules of Islamic Shariah. Profit calculation and all banking transactions are in strict adherence to the Islamic Shariah, monitored by our Shariah Advisor and the Shariah Supervisory Board.

Key Features:
Enjoy a range of valuable features including: A 100% halal investment in strict compliance with Shariah High Returns Long-term security ensured Minimum investment amount: PKR 1,000,000 Available tenures of 2, 3, 5 and 7 years - 17

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Meezan Bank Pre-mature withdrawal options available

Eligibility Criteria
Investing is simple and easy, as all you need is: To have a registered or unregistered Employee Provident/Gratuity/Pension Fund. Have operations based in Pakistan.

We at Meezan Bank, as prescribed by Islamic Shariah, seek to guarantee equal access to all qualified applicants, while ensuring that the qualification process is bias-free. Monthly Mudarabah Certificates: Riba Free Monthly Mudarabah Certificates is a flexible rupee based investment which has been designed to give you a monthly return. The minimum investment required is only Rs. 100,000 and you receive profit for each complete month of investment with the Bank. The Monthly Mudarabah Certificate works under the principles of Mudarabah and in strict conformity with the rules of Islamic Shariah, the Profit calculation of Monthly Mudarabah Certificates and all other banking transactions are in strict adherence to the Islamic Shariah, monitored by our Shariah Advisor and the Shariah Supervisory Board. KeyFeatures During your relationship with us, you would be entitled to receive the following additional benefits. A 100% halal investment in strict compliance with Shariah Monthly profit payment to your current or saving account with us Pre-mature withdrawal option available as per approved schedule (applicable to all certificates) Bank balance certificates Free Online Banking services at all Meezan Bank branches 24/7 Call Center with complete Phone-banking services Personal financial consultancy services Specialized 8 to 8 Banking and Ladies Banking at selected branches Invest in a Monthly Mudarabah Certificate

Just fill in the Account Opening Form and bring in the required documents. After opening of an account, you can get your certificates and enjoy our personalized banking services. Hailey College of Banking & Finance - 18

Meezan Bank

Dollar Mudarabah Certificate: The Riba-Free Dollar Mudarabah Certificate (DMC) is a flexible investment product which has been designed to give you profit payment options at monthly, quarterly and maturity. DMC 0and is strictly in conformity with the rules of Islamic Shariah. On agreeing to become a DMC holder, the customer enters into a relationship based on Mudarabah with Meezan Bank. Under this relationship, the customer is an investor (Rabul-Maal), and the Bank is the Manager (Mudarib) of the funds deposited by the customers. The Bank allocates the funds received from the customers to a deposit pool. These funds from the pool are utilized to provide financing to customers under Islamic modes that include, but are not restricted to Murabaha, Ijarah, Istisna and Diminishing Musharkah.Certificate works under the principles of Mudarabah and is strictly in conformity with the rules of Islamic Shariah. Profit calculation and all banking transactions are in strict adherence to the Islamic Shariah, monitored by our Shariah Advisor and the Shariah Supervisory Board. Key Features: Enjoy a range of valuable features including: Halal competitive returns Minimum investment amount: USD 10,000/Available tenures of 3 months, 6 months, 1 year, and 3 years Profit payment option at maturity and six monthly basis Pre-mature withdrawal options available as per approved schedule Bank balance certificates Access to priority desk. Personal financial consultancy services 24/7 Call Center with complete phone banking services 8am to 8pm Banking and Ladies Banking at selected branches Come and take the step towards Islamic Banking

Consumer financing:
Meezan bank consumer financing, provides Shariah Compliant financing solutions for individuals. Car Ijarah( auto financing) Easy Home

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Meezan Bank Car Ijarah, Pakistans First Islamic Car Financing: As a step towards Meezan Banks mission to provide a one-stop shop for innovative value added Shariah compliant products, Meezan Banks Car Ijarah unit provides a car financing, based on the principles of Ijarah and is free of the element of interest. Car Ijarah is Pakistans first Interest Free car financing based on the Islamic financing mode of Ijarah (Islamic leasing). This product is ideal for individuals looking for car financing while avoiding an interest-based transaction. Meezan Bank Car Ijarah is a car rental agreement, under which the Bank purchases the car and rents it out to the customer for a period of 3 to 5 years, agreed at the time of the contract. Upon completion of the lease period the customer gets ownership of the car against his initial security deposit. Car Ijarah also features Used Vehicles! In addition to our leasing of new cars, Meezan Bank also provides the unique opportunity of leasing second hand, both locally assembled and imported vehicles. This feature is specifically designed as a highly economical option. The Used Car Ijarah facility is made available at a minimum-security deposit as low as 20%. Financing of used cars are subject to a selection criteria. Shariah Compliance Car Ijarah, designed under the supervision of Meezan Banks Shariah Supervisory Board, is unique to car leasing facilities provided by other banks. Difference in the Rights & Liabilities of Owner v/s User Continuation of lease rentals in case of total loss or theft of vehicle Takkaful instead of Insurance. Permissibility for Penalty of Late Payment of Rent under Islamic Shariah

Key Features of Car Ijarah Low monthly rental Rental paid after delivery, not in advanced Fastest processing and delivery Tracker option available Minimum security deposit as low as 10% All new, used, local, imported and luxury vehicles can be financed

Easy home( home financing): Hailey College of Banking & Finance - 20

Meezan Bank Easy Home is Pakistans first totally Shariah-compliant Home Finance facility! One that is comprehensive, affordable, and totally hassle-free. For at Meezan Bank, we are committed to meeting our customers needs, in a truly Shariah-compliant manner coupled with dedicated service excellence.

Why is Halal home finance so important to you?


Owning your own home is one of lifes most important achievements. It represents your security, stability, and is a great blessing in itself. It provides that all-important safety and comfort for you and your loved ones. However, in today's often unpredictable and costly environment, saving the required money can take a lifetime in itself. Rising property prices, taxes, inflation, currency devaluation its all a very hard bargain. On the other hand, owning your own home and paying an easy installment, which takes you step by step towards complete ownership, is so much better than paying rent which ultimately only adds to your expenses. Added to that is your desire to stay away from interest based financing and be totally riba-free, thus achieving that complete inner satisfaction and peace of mind. Why not have the best of both worlds? Isn't that what you are working so hard for anyway? Islamic Financing on a Diminishing Musharakah basis: With Easy Home you participate with Meezan Bank in a joint ownership of your property, where the Bank will provide a certain amount of financing (usually up to 80%). You agree to a monthly payment to the bank of which a component is for the use of the home, and another for your equity share. In fact, the total monthly payment is reduced regularly as your share in the property grows. When you have made the full investment, which had been agreed upon, you become the sole owner with a free and clear title to the property.

What specifically makes Easy Home Shariah compliant?


As a Diminishing Musharakah it conforms to Shariah laws specifically related to financing, ownership and trade. Taking ownership through a partnership and then transferring complete ownership to the consumer instead of simply lending money is the major factor that makes our product Shariah compliant. The nature of the contract is a coownership and not a loan because the transaction is not based on the lending and borrowing of money but on the joint ownership of an asset. Meezan Bank shares in the cost of the asset being purchased, for example in the case of buying a home. In conventional mortgages the interest charged is a mark-up on the money lent. The profit charged by Meezan Bank is the utilization payment for your use of our share throughout the life of the contract. Your payments to Meezan Bank are completely riba-free. Hailey College of Banking & Finance - 21

Meezan Bank

Why is the profit margin charged by Meezan Bank correlated to the conventional mortgage market trends?
At Meezan Bank, the profit margin is directly correlated to market trends to provide a competitive product to our customers. Shariah allows the use of any conventional market factor as a benchmark to determine the profit rate of a particular product. The mere fact that the applied profit rate of our product is based on similar factors used in determining the applied rate of interest of a mortgage does not render the transaction or the contract invalid from the Shariah perspective, and neither does it make the transaction an interestbearing one. On the other hand, it is the underlying structure of the product that determines its Shariah compliance. Payment Plan:

Step-up Model:
The Step-up Payment plan is introduced for customers who intend to avail maximum financing facility with lower installments. The step up model is based on Shariah Compliant structure of Diminishing Musharakah. In this model, the banks share s divided into more Musharakah units and in the initial half of the facility tenure, the customer purchases one Musharakah unit from bank every month and in the later half of the facility tenure, the customer purchases two Musharakah units from bank every month. Thus the monthly installment during initial years is comparatively lower which is easily affordable. This model is a Shariah Compliant Alternative available to the customers who wish to avail maximum financing facility from bank.

UMI Model:
Easy Home is structured under the concept of diminishing Musharakah where Meezan Bank and Customer enter into a Musharakah Agreement whereby both the parties provide their investments to be utilized for the purposes of purchase/construct/renovate the property. The Joint ownership is created in the property between Bank & customer by virtue of the Musharakah agreement. (This is based on the principle of Shirkat ul Milk) Banks share is divided into units and is given to the client on rent and Client promises to purchase Banks share (units) over the tenure of transaction Client purchases the units every month and will eventually become the owner of the property. Rental amount is adjusted according to the banks share (units) remaining in the property. In UMI , the Musharakah unit price remains constant through out the financing period.

Maximum Financing Tenure:


Now you can avail financing facility for maximum up to 25 years period. Hailey College of Banking & Finance - 22

Meezan Bank

Buy, Build, Renovate, or Replace:


Buying a Home is Easy & Halal:


Choose it and be ready to move in. Meezan Bank will finance up to maximum of 70%(Salaried, SEP, NRP) of the appraised value of your new home or up to a value of Rs. 40 million, and a maximum of 60%(Businessman) up to a value of Rs 5 Million with a financing tenor of up to 20 years.

Building a home is Easy & Halal: For that special home you want to build yourself. \

Meezan Bank provides financing up to 70%(salaried, SEP, and NRP) of the appraised value or Rs. 40 million, and a maximum of 60%(Businessman) up to a value of Rs 5 Million for a tenor of up to 20 years.

Renovating your home is Easy & Halal:


Making your home even better or just repairing it. Meezan Bank helps with financing up to 30% and a financing tenor of up to 15 years.

Replacing your existing Mortgage is Easy & Halal


The wait is over. Now continue to enjoy your home but with the added satisfaction and peace of mind you have always wanted. Meezan Bank will help you switch your existing liability over to us and let you enjoy the benefits of Halal and totally flexible financing. Financing up to Rs. 40 million(Salaried, SEP, NRP) and Rs 5 million(Businessman) and a tenor of up to 20 years.

Special Benefits of Easy Home:

Flexible Financing Tailored to Support You


High financing amounts Adequate financing against property value Flexibility to make partial prepayments Minimal processing charges Affordable and competitive installment amounts with a regular reducing monthly rental - 23

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Meezan Bank

Rate relaxtion for select MNCs & LCGs

Quick Processing Time: Absolutely hassle-free. Quick turn-around-times, with no burdensome complexity or excess paper work. It is simple, halal, and easy:

Even the eligibility is Easy: We at Meezan Bank, as prescribed by Islamic Shariah, seek to guarantee equal access to financing for all qualified applicants, while ensuring that the qualification process is bias-free.

Non Resident Pakistanis: Non Resident Pakistanis can apply with peace of mind for the fastest processing of their case.

Special Offer for Chartered Accountants: Qualified Chartered Accountants and Corporate CFOs can avail discounted rates and flexible repayment option with no pre-payment charges on early payment either partially or full.

Special Offer for Easy Replacement Cases Why paying high installment on high rate? Transfer your existing home finance facility to Meezan Bank and avail attractive profit rate with flexible payment options. No pre-payment charges on early payment either partially or full.

Profit Rates: For Salaried Customers including SEPs, NRPs & Merchant Navy:
Fixed 1st Year : K * + 3.00 % p.a Annual Re-pricing : K ** + 3.00 % p.a. (Floor 12.00% p.a. and Cap 30% p.a.)

For Businessman Customers:

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Meezan Bank Fixed 1st Year : K * + 4.00 % p.a Annual Re-pricing : K ** + 4.00 % p.a. (Floor 12.00% p.a. and Cap 30% p.a.) * For first year Fixed Rate, K denotes KIBOR (Karachi Inter Bank Offer Rate), announced on 1st working day of each calendar month. ** For annual revision, K denotes 90 days average of 12-month KIBOR (Karachi Inter Bank Offer Rate), announced for each calendar quarter by the Bank.

Additional Unit Purchase:


Additional units will be revalued at 3%.

Revision of Profit Rates:


Profit rates will be revised annually on Account Anniversary.

Repayment Frequency and Mode


Monthly installments, through Direct Debit of customers account maintained at Meezan Bank Ltd in any branch. Come and take the step towards Riba-Free financing for your home, made easy with Meezan Bank's Easy Home!

24/7 banking:
24/7 Banking provides non stop banking convenience, twenty four hours a day, seven days a week. These services provide account access to you from any location within Pakistan and abroad (via Internet Banking), even on holidays.

You can stay in touch with your account via the following services

Visa Debit Card 24/7 Debit Card (No Longer Issued) Internet Banking ATM Network SMS Alerts 24/7 Call Center

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Meezan Bank Visa debit card: Want access to your money anytime, anywhere? With a Meezan Visa Debit Card, you have access to the money in your account wherever you are, whenever you want, wherever you see the Visa symbol. The money is deducted from your balance straight away there is no interest to pay, no bills & no late fees! Using your card is quicker than making a trip to the bank, more convenient than queuing for a cash dispenser and safer than carrying money.

Features at a Glance

Use your own money at more than 30 million outlets and 160 countries worldwide. Use it to buy both big and small items, wherever you see the Visa symbol. Each withdrawal taken directly from your Meezan Bank Linked Account. A safe and convenient alternative to carrying cash. You can call support 24 hours a day, 7 days a week with any queries. Simply call 111-331-331 All shopping transactions on your card are signature based. Simply swipe and sign!

Your perfect travel companion:


Next time youre planning to go abroad, you can use your Visa debit card for all your purchases and to withdraw cash at ATMs, just as you do at home wherever you see the Visa symbol.

Convenient - No need to buy foreign currency or travellers cheques in advance. Safe - No need to take large amounts of cash with you. Accepted all over the world - Pay for hotels, sightseeing, shopping and dining out.

Meezan Internet banking: Meezan Internet Banking is the smarter way to bank, providing you global access to your account 24 hours a day, 7 days a week. With Meezan Internet Banking, you can get secure and convenient access to the following facilities:

Balance inquiry of multiple accounts View account statement Real time cheque status and stop payment request - 26

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Meezan Bank

Cheque book and payorder request Lodging and tracking status of complaints Account activity alerts

To utilize the Meezan Bank internet banking facilities, simply follow the two-step registration process by filling in the online registration form and submitting a hardcopy of the same as an indemnity form at your branch. ATM network: Meezan Bank offers a wide network of ATMs located at its branches as well as prominent offsite locations. You do not need to carry cash anymore; simply go to the ATM and withdraw cash anywhere, anytime. We also offer access to more than 2,000 ATM locations country-wide via 1Link and MNET Network.

Features:

Transfer funds between your own accounts in the same branch via ATM. The cash withdrawal limit for Meezan Visa Debit Card per day subject to the funds present in your selected account. You can withdraw cash from any other banks ATM which is the member of either MNET or 1Link network

Notes:

Funds can only be transferred between accounts (of different nature) within the same branch. Applies to same branch accounts which have been linked to the ATM card being used. If using any non-Meezan ATM, the cash withdrawl limit of that machine will be applicable on you. For example if the machine's daily cash limit is PKR 10,000, then that machine will only provide the customer PKR 10,000 during that day. Charges of PKR 15 per transaction will be applied when 1Link or MNET ATMs are used for cash withdrawl.

Helpful Tips:

PIN Forgotten Memorise your PIN. Never write it down anywhere. Damaged Card Keep your card carefully so that it does not get damaged or distorted. Captured Card To avoid your card (or cash) from being captured by the ATM, ensure that you remove it from the ATM slot immediately after it is dispensed. Incorrect Amount / No Payment If the ATM does not dispense the correct amount of money or does not dispense the money at all, please contact the branch - 27

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Meezan Bank where you are using the ATM or your home branch, or call the Call Center at 111-331-331 immediately.

ATM Receipts It is advisable to retain your ATM receipts after every transaction to guard against fraud and make record keeping easier. Safety guidelines for using an ATM Read our ATM usage safety Guidelines to ensure safe usage of ATMs and reduce any opportutnity of fradulant ATM transactions. Use our ATM locator to locate an ATM nearest to you.

24/7 call center With our Call Centre facility, you no longer have to take time out to visit your branch for your everyday banking needs. By simply dialing 111-331-331 (dial 00-92-21-111-331331 begin_of_the_skype_highlighting 00-92-21-111-331-331 end_of_the_skype_highlighting from outside Pakistan) you get access to a wide range of Tele-banking solutions and personalized banking services including answers to questions on Islamic Banking. You can also access our self-service banking, where you will be guided and assisted in all transactions by our Interactive Voice Response System (IVR).

Services Provided on IVR Check your account balances Instruct issuance of pay orders and demand drafts Transfer funds between your own accounts Order issuance of chequebook Check transaction history of your accounts Receive information on various MBL products and services Issue stop payment instructions Report loss of your chequebook Register your comments and suggestions regarding MBL products and services Request or change T-PIN ATM PIN Reissuance Report loss of Visa Debit Card or cheque(s) Request for new Internet Banking Username / Password. ATM Helpline

You may instantly contact our Call Center officers for any inquiry by just picking up the phone located beside the ATM. Debit card Hailey College of Banking & Finance - 28

Meezan Bank Accepted at most prominent outlets across Pakistan, the Meezan Bank Debit Card offers you safety, convenience and control on spending 24 hours a day, seven days a week. Unlike credit cards, there are no monthly bills, no service charges and no late payment fees as it works on "Buy Now, Pay Now" principle. Convenient and simple to use Step 1 The cashier will swipe the Debit Card accross the ORIX machine and enter the purchase amount. Step 2 Select your desired account from the options: Current or Savings. Step 3 Enter your 4-digit PIN for verification. These are same 4 digits as your ATM PIN. Step 4 After verification, the machine will issue a slip. Confirm your transaction amount and collect your Debit Card. Step 5 The transaction is complete and the amount will be debited from your account on the spot.

Notes:

The purchase limit on your Debit Card is PKR 50,000 per day, subject to sufficient funds being in your selected account to cover your transaction. Never tell your 4-digit PIN CODE to the merchant, always enter it yourself. At merchant outlets, make sure that your ATM / Debit card is swiped only ONCE, in your presence, and on an Orix machine. Guidelines for Debit Card users Guidelines for account holders using Debit cards by SBP Guidelines for account holders using Debit cards by SBP Urdu

Special banking:
Available at selected branches, Meezan Bank's Special Banking services is part of our mission to focus on customer convenience and service quality and make Islamic Banking the banking of First Choice. Special Banking services include: Hailey College of Banking & Finance - 29

Meezan Bank

8 to 8 Banking (8 am - 8 pm banking) Ladies Banking

Specialized Banking services from 8AM to 8PM Meezan Bank is proud to be the first bank in Pakistan to introduce the concept of Eight to Eight banking, giving our customers access to the branch from 8 'o clock in the morning to 8 'o clock at night. This adds a completely new dimension to our banking service and has been designed so as to enable our customers to do banking at their convenience. Customers may visit their respective branch early in the morning before going to work, or can drop by in the evening on their way home and not have to worry about losing valuable office hours. From 8am till 5pm we offer the full range of our banking services. After 5pm and until 8pm our customers are able to carry out the numerous transactions (value next day) which meet most of their daily requirements.

Services provided from 8am to 8pm:


Acceptance of cash Acceptance of cheques for collection and clearing Acceptance of transfer instructions Acceptance of Cheque Book, Pay Order and Demand Draft requests Accepting ATM, telephone banking and Internet banking requests

Our 8 to 8 banking service is only a part of Meezan Banks mission to focus on customer convenience and service quality and make Islamic Banking the banking of First Choice. This service is presently being offered at select branches in Karachi, Lahore, Islamabad and Faisalabad and will be offered at some of our other branches very soon. Insha'Allah. Banking section only for Ladies: The Bank is the first in the country to introduce 'Ladies Banking' a dedicated banking section only for ladies. This new service provides an exclusive banking area as per the set Shariah principles for our lady customers in a more comfortable environment. The dedicated Customer Services Officer in our ladies only banking area will provide consultancy for a full range of our Halal banking services including, 9am to 5pm Online Hailey College of Banking & Finance - 30

Meezan Bank Banking, Term Certificates, Current & Saving Accounts, Consumer Financing and 24/7 banking services.

Services provided at the Ladies Banking Section include:


Special Banking Services: Dedicated Customer Services Officer in our ladies only banking area who provide consultancy for all Halal banking needs. Consumer Financing: Car Ijarah and Easy Home Retail Banking: Current & Savings Accounts, Foreign Currency Accounts, Term Deposits 24/7 Banking Services: ATM/Debit Card, Call Center, Internet Banking

Our ladies banking service is a part of Meezan Banks mission to focus on customer convenience and service quality and make Islamic Banking the banking of First Choice.

This service is presently being offered at Barkat-e-Hyderi branch in Karachi, and will be offered at some of our other branches very soon. Insha'Allah.

Non-Resident Pakistani Bankin:


Meezan Banks Non-Resident Pakistani Banking! Where you are important and your needs exclusive. Our Remittance services are simple and reliable. They are available at your doorstep through a wide and efficient networfk of corresponding banks worldwide. Only leading global financial institutions form this network of correspondent banks.

Advantages of Meezan Home Remittance:


Quick Remittance in major currencies i.e USD, GBP, EUR, JPY, CHF, SGD, AUD Extensive branch network in all major cities of Pakistan Instant online transfer within our branch network without any charges Free Internet banking facility

Easy Guidelines for Money Transfer


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Meezan Bank If you wish to remit money to Pakistan, simply give instructions to your existing bank for money transfer by providing the name of your preferred Meezan Bank branch and beneficiary account number.

Account Opening at Meezan Bank:


If you are not maintaining an account with Meezan Bank, we would encourage you to consider opening of account at any of our branches in Pakistan. As the country's first and largest Islamic Bank, offers Riba-Free investment options ensure that all your investment and banking needs are met at world-class standards. Choose what suits you best from the various services. All our deposit products are based on the Islamic principle of Mudarabah and have been duly approved by the Shariah Supervisory Board (See Fatwa). With Meezan Bank, you can have the best of both the worlds. With Checking accounts and Term deposits ranging from one month to 7 years, our range of deposit products offer a number of features to match your investment needs whether you are a small saver or running a large group of companies.

Corporate bankig:
We are dedicated to providing you Shariah-Compliant financing. With our extensive and dynamic product portfolio, we are continuously working not only to improve and strengthen our customer relationships but to further provide new and better products and services to our customers. At present, Corporate Banking has a large number of multinational and local clients representing various sectors of the economy. Client relationships are handled by dedicated Relationship Managers and fully supported by our Branch staff to provide high quality service at competitive and market driven pricing.

Commercial banking:
As the first and largest Islamic Bank in Pakistan, we recognize the significance of the Commercial Banking sector in the country and the diverse business needs. Catering to the need for Shariah Compliant financial solutions in this sector, our evergrowing commercial banking clientele covers medium-size industries, traders, importers, exporters and distributors

Small & Medium Enterprises


As the first and largest Islamic Bank in Pakistan, we are proud to be providing financial solutions for the needs of the Small and Medium Enterprise Sector (SME) in the country. SMEs are categorized in Pakistan as Trading and Service concerns employing maximum 50 staff and having total assets (excluding land and building) of Rs. 50 million (max) and Hailey College of Banking & Finance - 32

Meezan Bank the Manufacturing concerns employing maximum 250 staff and having total assets (excluding land and building) of Rs.100 Million (max). The growth in the SME sector in Pakistan in recent years has been a major contributor to the growth in the national economy. Meezan Bank is committed towards developing tailored financial solutions and expanding our footprint in the SME sector.

We could extend financing to cater to your business needs in the following areas: 1. Working Capital Finance 2. Project Financing for existing Corporates having expansion or BMR requirments 3. Islamic Export Refinance Facility (Part I and Part II) 4. Trade Related Services Working Capital Finance Solutions for short term financing requirements: Part of the wide range of Shariah complaint solutions for our customers are Murabaha, Tijarah and Istisnaa, designed to meet working capital requirements. For example, if you need finance for purchasing raw materials for your industry or are trading in goods then you could use Murabaha or Istisnaa to meet your financial needs. Murabaha: One of the most common modes of finance employed by Islamic Banks, Murabaha is based on the exact requirements of each customer. It can be defined as a sales transaction where Meezan Bank purchases the commodity and sells it after adding an agreed profit. Thus, it is not a loan given on interest - it is the sale of a commodity on a deferred price. Hence Murabaha involves the purchase of a commodity by Meezan Bank on behalf of a customer and the subsequent resale to the customer on cost-plus-profit basis. The cost and profit margin to the bank is expressly disclosed to the customer. Simply put, rather than advancing money to the customer, Meezan Bank buys the commodity from a third party and sells it to the customer at an agreed price, which includes an element of profit. So what is the difference between Murabaha and a Sale? A simple sale in Arabic is called Musawamah - a sale that does not involve disclosing or referring to the cost of goods sold. However, when the cost price is disclosed to the client, it is called Murabaha. Istisnaa: Hailey College of Banking & Finance - 33

Meezan Bank Istisnaa is a sale transaction where a commodity is transacted before it comes into existence. It is an order to manufacture a specific commodity for the purchaser. The manufacturer (our customer) uses its own material to manufacture the required goods. In Istisnaa, price is fixed with the consent of all parties involved. Similarly all other necessary specifications of the finished product are agreed beforehand.

Istisna as a mode of financing:


Istisna Finance is used to cater for the working capital requirements of a business involved in the manufacturing of goods. It is ideally suited for exporters and manufacturers who have export orders in the shape of Sight/Usance Letter of Credit/ Sight Export Contract D/P/ Usance Export Contract D/A.

Project Financing, Expansion or BMR Requirement Solutions for medium and long term financing requirements: Two of the most commonly used Islamic financing solutions availed by businesses today, Diminishing Musharakah and Ijarah are ideal for expansion of businesses, BMR requirements or other medium to long term financing requirements. Diminishing Musharakah: Using this financing model, Meezan Bank and the customer participate in the joint ownership of an asset. The asset is divided into a number of units and the customer periodically purchases these units from the bank over a specified period. Over time, the customer purchases all units owned by the bank, making him or her the sole owner of the asset or the commercial enterprise.Diminishing Musharakah is most commonly used for the financing of fixed assets, projects, homes and automobiles. Ijarah:

In contrast to diminishing musharakah, this mode of financing is based on the provision of the required tangible assets, such as property, machinery, etc, on rental for an agreed period of time. The concept is similar to leasing, which is common in conventional banking. However there are some specific prohibitions which render conventional leasing to be forbidden under Shariah. Ijarah is commonly used for long and medium term fixed asset financing, project financing and for retail products such as homes and automobiles. Islamic Export Refinance Facility: Hailey College of Banking & Finance - 34

Meezan Bank The launch of this product made Meezan Bank the first Islamic bank in Pakistan to offer Refinance facilities with complete compliance to Shariah. This product provides for all the unique requirements of exporters and is available in both Part-I and Part-II as per the original Export Refinance Scheme of the State Bank of Pakistan. Trade related services: A complete range of products and services for importers and exporters are available. Based on various modes of Islamic Finance, the solutions have been designed to suit the needs of our customers. Some of the key services offered include: Letters of Guarantee - following types of guarantees could be issued
o o o o

Bid Bond Performance Bond Payment Bond Retention Bond

Products for Exporters


o o o

Export bills for collection Export (Sight) bills purchase under Salam Arrangement Export (Usance) bills purchase under Murabaha Arrangement

Products for Importers


o o

Sight Letter of Credit Usance Letter of Credit

For queries and further clarification, you may contact our Corporate Banking Staff:

Karachi Tariq Hassan - Head of Corporate South tariq.hassan@meezanbank.com Lahore Anwar ul Haq - Head of Corporate Central anwar.haq@meezanbank.com Islamabad Saleem Khan - Regional Manager North saleem.khan@meezanbank.com

Investment banking
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Meezan Bank Realizing the increasingly diverse needs of our customers for advisory and structured finance transactions, a specialized department focusing on Investment Banking is funtioning at Meezan Bank. The Investment Banking department provides unique structuring by using complex Shariah structures for transactions so as to meet customer's commercial needs. Meezan Bank as torchbearer of Islamic Banking has been making significant contribution in the Investment Banking industry by playing leading roles in business transactions.

Key Services

Syndications & Structured Finance Project Financing Financial Advisory Services

Key Transactions
Febraury 2009 Liberty Power Tech Limited September 2007 Dawood Hercules Chemicals Limited

Rated Privately Placed Sukook Issue PKR 12,000 million Lead Arranger Shariah Structuring Advisor September 2007 Engro Chemicals Limited

Privately Placed Sukook Issue PKR 9,185 million Lead Advisor & Arranger Shariah Structuring Advisor September 2007 Attock Power Gen Limited

Privately Placed Sukook Issue PKR 3,000 million Joint Lead Advisor & Arranger June 2007 Sui Southern Gas Company Limited

Syndicated Finance Facility PKR 7,800 million Co-Arranger Shariah Structuring Advisor August 2007 Water & Power Development Authority

Privately Placed Sukook Issue Hailey College of Banking & Finance -

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Meezan Bank

PKR 2,000 million Joint Lead Advisor & Arranger

PKR 10,000 million Co-Arranger

Treasury and finance institution


Treasury Meezan Banks treasury is guided by Shariah with the objective of reviewing, streamlining, and controlling the banks domestic and international treasury related operations. Treasury caters to the branches and customers for their entire foreign exchange requirement with efficiency and professionalism. Ready/ spot as well as all forward cover services are provided to branches/customers within Shariah guidelines. Customers are also provided advice on a regular basis about the currency movement by our dealing room augmented by market outlook (without any commitment & obligation) Treasury has enhanced its market activity with increased depth and enhanced volumes, making an impact in the inter-bank FX market. Due to its good relationship with other treasuries, the institution has the ability to generate sufficient amount of liquidity at a time through inter-bank market on Shariah-approved Musharaka basis. Meezan Bank conducts Commodity Murhaba transaction to optimize its returns on its dollar portfolio, besides participating in local/ international sukuk issues, e.g. WAPDA, Qatar, Dubai sukuks, etc. This treasury is the only treasury in Pakistan with a mandate to provide Shariah compliant investment opportunities in capital market that provides halal income ultimately to shareholders

Treasury Contact Details:


Sara Saiyed (Chief Dealer): sara.saiyed@meezanbank.com Yasir Ali Khoso (Senior Interbank Dealer): yasir.khoso@meezanbank.com Osama Niaz Ahmed (Dealer, Interbank): osama.ahmed@meezanbank.com Syed Muhammad Raza Zaidi (Dealer, Interbank) raza.zaidi@meezanbank.com Zia ur Rehman (Chief Corporate Dealer): zia.rehman@meezanbank.com Amal Zehra (Corporate Dealer): amal.zehra@meezanbank.com

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Meezan Bank Ahmed Usman Sheikh (Corporate Dealer): ahmed.sheikh@meezanbank.com Munaf Usmani (Corporate Dealer): munaf.usmani@meezanbank.com

Financial Institutions Financial Institutions, part of Treasury and F.I. Group, primarily focuses on building and maintaining relationships. Relations range from authenticated communication links by way of SWIFT BKE to Trade, Treasury and account maintenance in different currencies worldwide. With over 172 banks in 83 countriies, our 565 globally located correspondents provide all trade services seeking to add value and service to our branches and functional units. Services include advising, confirmation, discounting of letter of credits, reimbursement undertakings and standby LCs and guarantees. Further, the everincreasing BKE relationships with financial institutions serves to route all kinds of transactions. Corresponding Network: Our network of correspondent banks comprises of leading financial institutions around the globe. For your convenience we have defined type of services provided by our correspondent banks in terms of Remittance & Payments (R/P), Advising (Adv) & Confirmation (Conf). "Issuing Bank" member of International Finance Corporation (IFC) Global Trade Finance Programme (GTFP) Meezan Bank Limited is the first and the largest Islamic bank in Pakistan to join the IFC (International Finance corporation) Global Trade Finance Program as an issuing bank in July 2008, boosting access to trade finance for entrepreneurs and businesses in Pakistan. The IFC Global Trade Finance Program promotes trade with emerging markets worldwide by supporting flows of goods and services to and from developing countries. Through the program, IFC provides guarantee coverage of bank risk in emerging markets, allowing recipients to expand their trade finance transactions within an extensive network of countries and banks and to enhance their trade finance coverage. The guarantee coverage not only mitigates country and bank risk but also provides an opportunity to establish correspondent relationships with counterparts across the world. "Issuing Bank" member of ADB Trade Finance Facilitation Programme Meezan Bank and Asian Development Bank (ADB) have signed an agreement on May 15, 2009 in order to facilitate the opening of Letters of Credits under ADBs Trade Finance Facilitation Program (TFFP). TFFP is the financing facility for banks operating in Pakistan enabling them to open letters of credit (LCs) in areas where Pakistani credit line is not being accepted. Under the agreement, the ADB will indirectly confirm Meezan Hailey College of Banking & Finance - 38

Meezan Bank Banks letters of credit. ADB will effectively act as a guarantor for import L/Cs established by Pakistani businessmen from Meezan Bank and the facility will provide much needed support to Pakistani importers in these challenging times for the global economy. The agreement opens doors for establishing and strengthening correspondent relationships with international financial institutions across the world as well as mitigating country and bank risk via issuance of ADBs guarantees to participating banks in different countries. Meezan Islamic Financial Deposit A/c: The Meezan Islamic Institution Deposit Account (MIIDA) is a unique product, tailored exclusively for Islamic Financial Institutions (IFIs). With MIIDA, any IFI now has the opportunity to manage excess liquidity in an immediate and profitable manner, by maintaining a checking account with Meezan Bank. Structure of MIIDA All eligible Islamic Banks can enter into a Mudarabah relationship with Meezan Bank. Under this relationship, the respective Islamic Banks are the Investors (Rab ul Maal), and Meezan Bank is the Manager (Mudaarib) of the funds deposited by them. Meezan Bank allocates the funds received from the Islamic Banks to a deposit pool consisting of financing under Islamic modes that includes, but is not restricted to, Murabaha and Ijarah. The Banks profit sharing ratio is 50% of Gross Income and Depositors profit sharing ratio is 50% of Gross Income, calculated after deducting costs and expenses directly incurred in deriving that Income. The weightages are available on this website or can also be obtained upon request. The Bank, at the time of profit declaration, at its sole discretion may give additional profit to depositors from its own profit share. In the case of a loss, and as per the rules of Mudarabah, the deposit pool shall bear the loss on a appropriate basis.

Key Features:
The features and mechanics of the product are detailed below providing a ready-made solution ensuring high returns, easy accessibility, total stability, and absolute Shariah compliance. A Checking Account only available for IFIs. Deposits invested under a Mudarabah arrangement Minimum investment amount- PKR 10,000,000/- or multiples thereof Maximum investment amount PKR 1 billion Withdrawals of funds : - 39

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Meezan Bank o 24 hrs. notice for PKR 50 - 200M deposit o 48 hrs. notice for 200M+ deposit Profit disbursed on a monthly basis Profit calculated on daily product basis

We at Meezan Bank, look forward to your positive response and the opportunity to provide you with outstanding service. Our Treasury and Financial Institution Department may be contacted at Meezan Bank Limited. Mr. Abdullah Ahmed Head of Treasury and FI 3rd Floor, PNSC Building, M.T Khan Road, Karachi Phone: (92)(21) 561-0582 Email: abdullah.ahmed@meezanbank.com

The Asset Management and Investment Advisory Arm of Meezan Bank Limited
Al Meezan Investment Management Limited (Al Meezan), the asset management and investment advisory arm of Meezan Bank Limited, specializes in the development and management of Shariah compliant investment solutions. Al Meezan Investments has one of the longest and the most successful track record of managing mutual funds in the private sector, spanning over fourteen years. Al Meezan is presently managing eight funds and an administrative plan i.e. 1. Al Meezan Mutual Fund Limited (AMMF) - a closed end equity fund; 2. Meezan Islamic Fund (MIF) - an open-end equity fund; 3. Meezan Balanced Fund (MBF) - a closed end balanced scheme; Meezan 4. Islamic Income Fund (MIIF) - Pakistans first Shariah compliant open end income fund 5. Meezan Tahaffuz Pension Fund (MTPF) - a Voluntary Pension Scheme, 6. Meezan Capital Protected Fund-I (MCPF-I) - Pakistans first Shariah compliant open end capital protected fund, 7. Meezan Mahana Kharch Account (MMKA) - an administrative plan of MIIF to provide monthly income, 8. Meezan Cash Fund (MCF) - Pakistans first Shariah compliant open end money market fund and Meezan Sovereign Fund (MSF) - Pakistans first Shariah compliant open end government securities fund.

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Meezan Bank The total size of these eight funds under management as at March 31, 2010 is over PKR 18.2 billion as compared to PKR 13.5 billion at the corresponding date last year. The increasing size of assets under management manifests the ability of the professional fund management team to consistently out-perform the peers and consequently build upon the investor confidence. Al Meezan is ranked among the best performing asset management companies in Pakistan. The fund wise break up of net assets as at March 31, 2010 is as under: NET ASSETS FUND Meezan Cash Fund Meezan Islamic Fund Meezan Islamic Income Fund Al Meezan Mutual Fund Meezan Balanced Fund Meezan Capital Protected Fund-I Meezan Sovereign Fund Meezan Tahaffuz Pension Fund PKR (Millions) March 31, 2010 4,633 4,436 3,738 1,521 1,319 633 536 246

Al Meezan has also achieved Management Quality Rating AM2, assigned by JCR-VIS. AM2 is currently the highest Management Quality Rating assigned by JCR-VIS to any Asset Management Company. This rating denotes high management quality rating with a stable outlook. Al Meezans funds carrying equity exposures including Meezan Islamic Fund and Al Meezan Mutual Fund have befen amongst the top performing funds in their respective categories for the calendar year 2009. The Shariah Advisor of Meezan Bank Limited, also being the Shariah Advisor of Al Meezan, supervises the operations in order to ensure Shariah compliance of the funds. In addition to the service quality, Shariah compliance and impressive performance in terms of returns to investors, Al Meezan also complies with the global best practices in asset management and has voluntarily adopted Asset Manager Code of Professional Conduct from CFA Institute, USA. Hence it has the distinction of being the first asset management company in Pakistan to comply with the global best practices in asset management. Units of all open end funds are available at the offices of Al Meezan and all branches of Meezan Bank Limited (MBL) across Pakistan. For the convenience of investors, Al Meezan has placed dedicated investment officers at the selected branches of MBL. These officers provide guidance and assist the investors in meeting their investment objectives.

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Meezan Banks Islamic Financial Advisory


Meezan Bank has extensive experience and expertise in developing and advising on the creation of Shariah-compliant financial products and services. The main objective of Meezan Banks Islamic Financial Advisory function is to assist Financial Institutions develop Islamic banking alternatives by sharing our expertise, research and success stories. This function works under the guidance of Shariah Supervisory Board which comprises of renowned Islamic Scholars from both Pakistan and abroad. This function primarily focuses on the following: Product Development and Product Refinement Islamic Capital Market Advisory Services Establishing and Managing Islamic Market Indices Advisory Services to Start-up Firms Shariah-Compliant Corporate Restructuring Internal and External Training Sessions Shariah Audit, Compliance & Strengthening Internal Controls

Product Development and Product Refinement: Islamic Finance, though working in the space provided by the Islamic principles, is very open to creativity and innovation. Financial Engineering to develop Shariah-compliant alternatives to conventional financial products is an important task undertaken by the Islamic Financial Advisory function. Research and development of new Islamic financial instruments is also a vital and ongoing activity of function. Product Development requirements and requests received from our client organizations are also provided with assistance and technical support. In the area of providing Islamic Financial Advisory Services, Meezan Bank has achieved the following landmarks:

Offered its Islamic Financial Advisory services to Zayan Real Estate Financing Program the first ever Shariah-compliant commercial real estate financing solution offered in the United States by the Capitas Group, regarding the financial product development & structuring in the Shariah Compliant Manner Provided Shariah consultancy services to United Sales Limited (USL), a sales company of Dawlance Pakistan limited, for converting their sales schemes into Shariah compliant mode by modifying their product structures and related agreements

ISlamic Capital Market Advisory Services:

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Meezan Bank As a leader in structured finance products, Meezan Bank has been involved in Sukuk Structuring, Shariah Advisory and Syndication/Consortium financing, lead-managing a number of new Shariah-compliant Sukuk issues and syndicated transactions with its corporate clients. Following are some of the landmarks that Meezan Bank has achieved to date, Launched the First Rupee-denominated Wapda Sukuk in Pakistan. Acted as a Shariah Structuring Advisor to Quetta Textile Mills limited in the issue of Sukuk worth 1.5 Billion in October 2008. Acted as a Shariah Structuring Advisor to Eden Builders Limited in the issue of Sukuk worth 2 Billion in September 2008. Acted as a Co-Arranger and Shariah Structuring Advisor to Arzoo Textile Mills Limited in the issue of Sukuk worth 0.8 Billion in April 2008. Acted as a Co-Arranger and Shariah Structuring Advisor to Liberty Power Tech Limited in the issue of Sukuk worth 12.35 Billion in March 2008. Acted as a Co-Arranger and Shariah Structuring Advisor to Maple Leaf Cement Factory Limited in the issue of Sukuk worth 8 Billion in December 2007. Acted as a Co-Arranger and Shariah Structuring Advisor to Attock Gen Limited in the issue of Sukuk worth 6.5 Billion in September 2007. Acted as a Joint Lead Manager to Dawood Hercules Chemical Limited in the issue of Sukuk worth 6.5 Billion in September 2007. Acted as a Joint Lead Manager to Engro Chemicals Pakistan Limited in the issue of Sukuk worth 3 Billion in September 2007. Acted as a Co-arranger to Wapda in the issue of Sukuk worth 8 Billion in July 2007. Acted as a Joint Lead Manager to Sui Southern Gas Company Limited in the issue of Sukuk worth 2 Billion in June 2007. Acted as a Lead Manager to Sitara Chemicals in the issue of Sukuk worth 625 Million in December 2006. Acted as a Trustee to Sitara Chemicals in the issue of Sukuk worth 1.1 Billion in June 2006.

Mutual Fund industry in Pakistan has witnessed unprecedented growth in last five years. Mutual Funds are an important financial intermediary in developing markets where capital markets are volatile and investors do not have the expertise, savings and time to devote themselves to making a well diversified profitable and Shariah-compliant portfolio. Islamic investment principles require persistent Shariah Compliance. Islamic Mutual Funds are therefore catering to this important need and we provide them with technical expertise in managing their portfolios in Shariah-compliant manner. We have following funds as our clients: Hailey College of Banking & Finance - 43

Meezan Bank Al Meezan Investment Management Limited (AMIM) Funds:


Meezan Balance Fund MBF Al Meezan Mutual Fund AMMF Meezan Islamic Fund MIF Meezan Islamic Income Fund - MIIF Meezan Tahaffuz Pension Fund MTPF Meezan Capital Protected Fund MCPF

National Fullerton Asset Management Company Limited (NAFA) Funds


Multi Asset Islamic Fund NMIF Islamic Income Fund NIIF KASB Funds o Islamic Income Fund KIIF PAK OMAN ASSET MANAGEMENT FUNDS o Islamic Advantage Fund POAIF o Islamic Income Advantage Fund POAIIF AKD FUNDS o Islamic Income Fund AKDISIF o Islamic Stock Fund AKDISSF
o o

Establishing and Managing Islamic Market Indices


Meezan Bank has initiated the formation and subsequent management of a domestic Islamic Market Index i.e. KMI-30 index in collaboration with Karachi Stock Exchange (KSE). Shariah Compliance is necessary not only at the time of IPO, but it also encompasses all operations of the enterprise at all stages of the organizational life cycle. In the KSE-100 index, companies are selected based on their market capitalization and the ability to influence market; KMI-30 index looks at a host of factors regarding Shariah Compliance when selecting a company. Since there are several factors that make a company Shariah-compliant, the company which is Shariah Compliant at one point in time may not remain Shariah Compliant at another point in time. Hence, providing Shariah Technical and Support Services is a concurrent activity and an important function of Islamic Financial Advisory Department.

Advisory Services to Start-up Firms


Islamic investment principles require certain Shariah principles to be followed while starting up any business activity. Islam does not allow the business of prostitution, drugs, gambling, alcohol, interest based lending, interest based financial institutions etc. Hailey College of Banking & Finance - 44

Meezan Bank Furthermore, Islam does not allow interest based investments, interest based financing, interest based operations and Gharar based business dealings. We provide consultancy services to startup firms in the process of formation of the company ensuring Shariah compliance not only at the startup, but also making it certain that there are no loopholes which may pull the company towards being Shariah noncompliant in future.

Meezan Bank is currently providing such Shariah consultancy services to Islamic Relief (IR) a UK based International NGO involved in providing micro finance to needy people. Meezan Bank through this arrangement will assist IR in providing such finances in a Shariah compliant manner.

Shariah-Compliant Corporate Restructuring


Interest is a common nuisance in the economy domestically and internationally. Interest based financial system necessitates the use of riskier instruments which being highly speculative can disrupt an economy in downturns. Islamic financial principles propose Shariah Compliant yet highly robust alternatives for the financial needs of the economy. Meezan Bank has had the unique experience of converting a conventional bank into an Islamic Bank. The Bank also provides Shariah Technical and Support Services to corporate clients to convert all operations of the clients into making them Shariahcompliant. Meezan bank Limited (MBL) has restructured the internal and external processes, documentation and procedures of the installment sales procedure of United Sales (Pvt) Limited, a subsidiary of Dawlance. Provided Islamic banking advisory services to Bank of Khyber. Has a unique competency of converting a Conventional Bank into an Islamic bank Experience of converting Societe Generale into Meezan Bank Limited.

Internal and External Training Sessions :


Islamic Banking and Finance is a nascent but growing industry. Meezan Bank being the Pioneer in Islamic Banking is leading the way towards Islamization of financial sector and subsequently Islamization of economy. Meezan Bank has technical experts who conduct training sessions at the request of the client organizations at their premises. The bank also has distinguished speakers who regularly participate in national and international symposiums, conferences, seminars, workshops and other platforms. Eminent scholars conduct Islamic Banking courses at various academic institutes and provide services for course structuring, curriculum development and testing services.

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Meezan Bank Internationally, Meezan Bank in collaboration with Centre of Islamic Economics organized a training course on Islamic Banking in Markfield institute of Islamic Education, Leicester. A Shariah Compliance and Auditing course was also conducted in February, 2008 in England in partnership with Utruj.

The Bank has supported other institutes in Pakistan including State Bank of Pakistan (SBP), National Institute of Banking and Finance (NIBAF), Institute of Bankers Pakistan (IBP) and Center of Islamic Economics (CIE) in conducting Islamic banking training sessions. The Bank has also supported a 17-episode TV program on a national TV channel. MBL has trained senior staff members of Central Bank of Bangladesh in Islamic Banking. Initiated full-fledged Islamic banking courses at various universities in Pakistan such as IBA, IOBM, MAJU, IQRA and PAF KIET. Meezan Bank Limited & Riphah International University have collaborated to launch MBA in Islamic Banking and Finance.

Shariah Audit, Compliance & Strengthening Internal Controls


Meezan Bank, being the market leader in Islamic Banking also shares its expertise with Islamic banking institutions, Islamic financial institutions and contemporary conventional financial institution willing to convert their operations based on Islamic principles. The Bank offers its services in the area of Shariah Audit and Compliance as well strengthening and streamlining the internal operations of its client organizations.

Shariah Screening Criteria


For any stock to be Shariah compliant, it must meet all six key criteria as below.

1. 2. 3. 4. 5. 6.

Business of the Investee Company Interest Bearing Debt to Total Assets Non-Compliant Investments to Total Assets Non-complaint Income to Total revenue Illiquid Assets to Total Assets Net Liquid Assets/Share Vs Market Price/Share

1.Business of the Investee Company


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The core business of the company should not violate any principle of Shariah. Therefore, it is not permissible to acquire the shares of the companies providing financial services on interest like conventional banks, insurance companies, leasing companies or the companies involved in some other business not approved by the Shariah e.g. Companies making or selling liquor, pork, haram meat, or involved in gambling, operating night clubs, disseminating pornographic content, prostitution etc. If the main business of the investee companies is Halal, like automobiles, textiles, manufacturing concerns etc but they deposit their surplus amounts in an interest bearing account or borrow money on interest, the share holder must express his/her disapproval against such dealings, preferably by raising his/her voice against such activities in the annual general meeting of the company and/or by sending a letter to the management in this regard.

2: Interest Bearing Debt to Total Assets


The Interest Bearing Debt to Assets ratio should be less than 40%. To understand the rationale behind this condition, it should be kept in mind that such companies are mostly based on interest. Here again, the aforementioned principle applies i.e. if the shareholder is not personally agreeable to such borrowings, but has been overruled by the majority, these borrowing transactions cannot be attributed to him/her. Debt, in this case, is classified as any interest bearing debt including Bonds, TFCs, Commercial Paper, Conventional Bank Loans, Finance Lease, Hire Purchase, issuing preference shares etc.

3: Non-Compliant Investments to Total Assets:


The ratio of Non Compliant Investments to Total Assets should be less than 33%. Non-Shariah Compliant Investments include investments in conventional mutual funds, conventional money market instruments, Commercial Paper, interest bearing bank deposits, Bonds, PIBs, FIB, T-Bills, CoIs, CoDs, TFCs, DSCs, NSS, derivatives etc. Non-Compliant investments also include investments in companies which are declared Shariah non-Compliant due to non-compliance to any of the mentioned criteria for Shariah Compliance.

4: Non-complaint Income to Total revenue:

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Meezan Bank The ratio of Non Compliant Income to Total Revenue should be less than 5%. Total Revenue includes Gross Revenue plus any other income earned by the company. Non Compliant Income includes income from gambling, income from interest based transactions, income from Gharar based transactions i.e. derivatives, insurance claim reimbursement from a conventional insurance company, any penalty charged on late payment in credit sale, income from casinos, addictive drugs, alcohol, dividend income from above mentioned businesses or companies which have been declared Shariah Non-Compliant due to non-compliance to any of the mentioned criteria for Shariah Compliance etc.

5: Illiquid Assets to Total Assets:


The ratio of Illiquid Assets to Total Assets should be at least 20%. The Sum of all those assets whose trade price can deviate from par value, according to the rules of Shariah, is considered the aggregate value of illiquid assets. Illiquid Assets include inventory of raw materials, work-in-process, all fixed assets such as property, plant & equipment, stores and spares, stock in trade etc.

6: Net Liquid Assets/Share Vs Market Price/Share:


Market Price per share should be at least equal to or greater than net liquid assets per share. Net liquid assets per share is calculated by using the following formula: Net Liquid Assets per Share = (Total Assets - Illiquid Assets - Long Term Liabilities Current Liabilities) Number of Shares Outstanding

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FINANCIAL ANALYSIS:

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Meezan's Branch Network:


Meezan Bank has established 201 branches in 54 cities across Pakistan. This is a milestone that is not only the success story of Meezan Bank but also the continuing success story of Islamic Banking in Pakistan. With this extensive network, our existing and potential customers are now closer than ever in attaining Islamic Banking at their doorstep. All branches provide real time online banking facilities to customers. As the first and largest dedicated Islamic Bank in Pakistan, Meezan Bank team continues to build on its Vision of establishing "Islamic Banking the Banking of First Choice". One of the key objectives of the Bank is to have its footprint strategically placed throughout the country enabling the public to avail the benefits of Shariah Compliant Banking in their neighborhood. For 2010 Meezan Bank has planned to open an additional 15 branches in Pakistan. Meezan Bank's mission is to provide its customers dedicated and pure Islamic Banking facilities with the greatest of convenience and personalized services. It remains the Bank's endeavor to establish solid foundations of Islamic Banking in Pakistan. The Bank is currently segmented into three Regions of Pakistan. The cities in which the Bank presently operates are as follows: Southern Region Hub (Lasbela) Hyderabad Karachi Mirpurkhas Nawabshah Quetta Sakrand Sukkur Tando Adam Tando-Allah-Yar Central Region Arifwala Bahawalpur Burewala Chiniot Daska Dera Ghazi Khan Faisalabad Gojra Gujranwala Gujrat Hafizabad Jhang Kasur Khanpur Khushab Hailey College of Banking & Finance Northern Region Abbottabad Attock Dera Ismail Khan Dina Gujar Khan Haripur Havelian Islamabad Jhelum Kohat Mansehra Mardan Muzaffarabad Nowshera Peshawar - 52

Meezan Bank Lahore Lalamusa Mandi Bahauddin Mian Channu Multan Okara Rahim Yar Khan Sadiqabad Sahiwal Sargodha Sheikhupura Sialkot Rawalpindi Swat

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CONCLUSION:
Meezan Bank is the pioneer of Islamic banking in Pakistan. As the first and largest dedicated Islamic Bank in Pakistan, Meezan Bank team continues to build on its Vision of establishing "Islamic Banking the Banking of First Choice". One of the key objectives of the Bank is to have its footprint strategically placed throughout the country enabling the public to avail the benefits of Shariah Compliant Banking in their neighborhood. Backed by the strong investment companies, Meezan Bank has clearly established itself as the largest Islamic Bank in Pakistan with the largest Islamic Banking branch network in the country. The banking sector is showing a significant paradigm shift away from traditional means of business and is catering to an increasingly astute and demanding financial consumer, who is also becoming keenly aware of Islamic Banking. Meezan Bank bears the critical responsibility of leading the way forward in establishing a stable and dynamic Islamic Banking system replete with dynamic and cutting-edge products and services.it excells in the market with evenly distributed network of branches, but still it should open more branches.

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