basic bank information
Meezan Bank is the first and largest Islamic commercial bank in Pakistan, headquartered in Meezan House, Karachi. Founded in 1997, the bank received an Islamic commercial banking license from the State Bank of Pakistan (SBP) and has quickly grown to become a leader in the country's Islamic banking industry, with a market share of around 35%. Its shareholder backgrounds include Kuwait Noor Financial Investment Company (59.11%), Pakistan Kuwait Investment Company (29.91%) and Jeddah Islamic Development Bank (9.30%), which are joint venture banks and are not publicly listed.
service coverage covers more than 100 cities in Pakistan, with more than 430 branches and an extensive ATM network, focusing on the local market and not expanding globally.
Regulatory & Compliance
Meezan Bank is regulated by the State Bank of Pakistan (SBP) and strictly adheres to Shariah principles. As a member of the Deposit Protection Corporation of Pakistan (PDIC), its deposits are insured with a maximum payout of Rs. 500,000 per depositor. Recently, the bank demonstrated its compliance leadership in sustainable finance as joint financial and Shariah advisor to Pakistan's first sovereign green sukuk (Sukuk).
financial health
as of 2014, Meezan Bank's total assets amounted to Rs.43,740 crore, deposits amounted to Rs.38,040 crore, and the capital adequacy ratio was stable. Although an updated NPL ratio is not available, its dominance in the Islamic banking sector and its participation in national financial projects such as Green Sukuk demonstrate strong resilience.
deposit and loan products
deposit products include Shariah-compliant current/time accounts, with an interest rate structure based on a Mudarabah model rather than traditional interest. For featured products such as the "Meezan Bachat Account" and the "Meezan Dollar Account", some small and medium-sized banks still offer interest rates of more than 3%, but Meezan has not disclosed the specific figures.
for loans, home finance (Diminishing Musharakah), vehicle finance (Ijara) and personal finance (Tawarruq) are available, with interest rates depending on risk assessment and are usually lower than traditional banks. For example, its participation in the Green Sukuk project offers a three-year semi-annual rental yield with a minimum investment of Rs.5,000 for retail and institutional investors.
common bills
account management fee varies depending on the product type, and the monthly fee may be waived for the underlying account; Domestic transfer fees are low, and cross-border money transfers are supported by partners such as Remitly, making fees transparent. Please be aware of the minimum balance requirements, as some accounts may incur fees if they do not meet the standard.
digital service experience
Meezan Bank's mobile banking app supports real-time transfers, bill payments, and ATM locating, user ratings are not disclosed, but it integrates Islamic financial tools such as Zakat calculator. Technological innovations include SMS banking alerts and utility bill payment capabilities, and there is no mention of AI customer service or open APIs.
customer service quality
provides telephone banking, branch consultation and online customer service, and supports Urdu and English in multiple languages. The efficiency of complaint handling was not disclosed, but its long-term market position implies a high level of customer retention.
security measures
deposits are covered by PDIC insurance. In 2019, there was a debit card data breach, and 70,000 card information was sold on the dark web, and no major security breaches have been reported since then, and users are advised to enable transaction monitoring.
Featured Services and Differentiation
focuses on Islamic finance and launches "Roshan Digital Account" to serve Pakistanis overseas. Recently, he led the Green Sukuk to support hydropower projects and highlight ESG commitments. High net worth clients can access customised wealth management through Al Meezan Investment.
market position and accolades
a leader in Pakistan's Islamic banking industry, which will lead the issuance of the National Green Sukuk in 2025 and is recognized by the government and international institutions. There is no mention of global rankings, but the local influence is significant.
