please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . december 2008 learn how and when to remove this template message this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . march 2011 learn how and when to remove this template message this article relies too much on references to primary sources . please improve this by adding secondary or tertiary sources . april 2015 learn how and when to remove this template message learn how and when to remove this template message meezan bank limited type public limited traded as kse mebl industry islamic banking commercial banking founded 1997 1997 headquarters karachi pakistan products murabaha ijarah diminishing musharakah visa debit card saving accounts consumer banking etc revenue 22.25 billion us 220 million 2015 1 net income 5.02 billion us 49 million 2015 1 total assets 531.8 billion us 5.2 billion 2015 1 number of employees 8 500 1 website www.meezanbank.com meezan bank head office at shershah karachi pakistan . meezan bank urdu is the first and largest islamic commercial bank of pakistan . the bank is headquartered in meezan house karachi pakistan . it has a network of over 550 branches in more than 125 cities of pakistan . it commenced operations in 2002 when state bank of pakistan issued first ever license for islamic commercial banking . the bank has a market share of 35 % in islamic banking industry of the country . jcr vis credit rating company limited an affiliate of japan credit rating agency has rated the bank s short term rating at a1 a one plus the highest standard in short term rating and the long term entity rating at aa double a with stable outlook making it the only islamic bank with aa credit rating in the islamic banking industry of pakistan . contents 1 services 2 history 3 shareholding structure 4 statement of financial position as at dec. 31 2014 5 references 6 external links services edit the bank offers wide range of shariah compliant banking products and services to its customers both retail and business . besides traditional banking channels the bank offers various alternate distribution channels including internet banking atm banking visa & mastercard debit card sms banking sms alerts mobile banking application and utility bills payment through atm and internet banking . history edit the founder of pakistan quaid e azam mohammed ali jinnah while delivering speech at the opening ceremony of state bank of pakistan on july 1 1948 stated 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 . the statement serves as the concept of islamic banking by the founding father of the nation that was created in the name of islam in 1947 . 1991 procedure adopted by banks in 1985 was declared un islamic by the federal shariat court fsc . the government and some banks dfis made appeals to the shariat appellate bench sab of the supreme court of pakistan . 1997 al meezan investment bank is established with a mandate to pursue islamic banking . mr. irfan siddiqui appointed as first and founding chief executive officer . 1999 the shariat appellate bench of the supreme court of pakistan rejects the appeals and directs all laws on interest banking to cease . the government sets up a high level commission task forces and committees to institute and promote islamic banking on parallel basis with conventional system . 2001 the shariah supervisory board is established at al meezan investment bank led by justice retd . muhammad taqi usmani as chairman . state bank of pakistan sets criteria for establishment of islamic commercial banks in private sector and subsidiaries and stand alone branches by existing commercial banks to conduct islamic banking in the country . 2002 meezan bank acquires the pakistan operations of societe generale and concurrently al meezan investment bank converts itself into a full fledged islamic commercial bank . the first islamic banking license is issued to the bank and it is renamed meezan bank . 2003 meezan bank establishes itself as the pioneer of islamic banking in pakistan and quickly establishes branches in all major cities of the country . a wide range of products are developed and launched consolidating the bank s position as the premier islamic bank of the country al meezan investment management limited amim the asset management arm of meezan bank introduces meezan islamic fund mif the country s first open end islamic mutual fund . 2004 the state bank establishes a dedicated islamic banking department ibd by merging the islamic economics division of the research department with the islamic banking division of the banking policy department . a shariah board has been appointed to regulate and approve guidelines for the emerging islamic banking industry . the government of pakistan awards the mandate for debut of international sukuk bond offering for usd 500 million . the offering is a success and establishes a benchmark for pakistan . meezan bank acts as the shariah structuring advisor for this historic transaction . 2006 62 branches in 21 cities 2007 bank s branch network reached the milestone number of 100 branches . the bank introduced istisna financing to cater to the working capital needs of customers . 2008 meezan bank introduced tijarah financing to allow customers to raise funds for financing of stocks of finished goods . 2009 the branch network reached 201 branches including sub branches in 54 cities nationwide . 2010 the bank developed meezan business plus a mudaraba based account that offers an array of free services for businesses meezan euro savings account and meezan pound savings account . bank s branch network reached 222 branches in 63 cities across pakistan . 2011 the inauguration of the new head office in karachi . during the year 53 branches were opened to reach a landmark of 275 branches in 83 cities across pakistan . 2012 completed 10 years of operations . 2013 over 350 branches in over 100 cities on 18 october 2014 the bank acquired the hsbc pakistan operations . after conversion of the business and branches of hsbc pakistan to meezan bank ; the hsbc pakistan accounts and term deposit receipts tdrs converted to meezan bank accounts and certificates of islamic investments coiis . shareholding structure edit noor financial investment company kuwait 9.11 % pakistan kuwait investment company pvt. limited 80.00 % islamic development bank jeddah 90.32 % statement of financial position as at dec. 31 2014 edit total assets pkr 437.406 million deposits and other accounts pkr 380.422 million financings pkr 175.712 million share capital pkr 10.027 million shareholders equity pkr 23.262 million no . of branches 475 no . of cities of operation 117 no . of staff 8 000 2 3 references edit a b c d meezan bank annual report 2015 pdf . meezanbank.com . retrieved 28 may 2015 . http www.meezanbank.com docs annualreport2013.pdf http www.meezanbank.com financialhighlights.aspx external links edit meezan bank pakistan official website of meezan bank meezan bank internet banking v t e banking in pakistan central bank state bank of pakistan big four hbl pakistan mcb bank limited national bank of pakistan united bank limited pakistan commercial banking allied bank limited askari bank atlas bank bank al habib bank alfalah bank of khyber bank of punjab faysal bank first women bank habib metropolitan bank industrial development bank js bank nib bank sindh bank soneri bank summit bank zarai taraqiati bank limited microfinance banking finca microfinance bank limited first microfinance bank pakistan khushhali bank nrsp microfinance bank tameer microfinance bank limited islamic banking bankislami pakistan burj bank dubai islamic bank pakistan limited meezan bank foreign banks barclays hsbc bank middle east royal bank of scotland standard chartered pakistan defunct banks bank of credit and commerce international kasb bank mybank picic commercial bank union bank see also list of banks in pakistan pakistan remittance initiative pakistani bankers institute of bankers pakistan national institute of banking and finance category v t e kse 100 companies of pakistan abbott laboratories pakistan adamjee insurance agriauto industries allied bank limited allied rental modaraba arif habib corporation limited askari bank askari general insurance co. ltd. attock cement attock petroleum attock refinery azgard nine bank al falah bank al habib bank of khyber bank of punjab bankislami pakistan bata pakistan cherat cement clariant pakistan colgate palmolive pakistan dawood hercules chemicals limited d.g. khan cement efu general efu life engro corporation engro foods fatima fertilizer fauji cement fauji fertilizer bin qasim fauji fertilizer company limited faysal bank feroze 1888 mills ghani glass limited glaxosmithkline pakistan grays of cambridge habib metropolitan bank hbl pakistan hub power company hum network limited ici pakistan igi insurance indus motors company international industries limited international steels limited javedan corporation jdw sugar mills js bank js group js growth fund jubilee general insurance karachi electric supply company kohinoor energy kot addu power company lafarge pakistan lotte chemical pakistan lucky cement mari petroleum company limited mcb bank limited meezan bank millat tractors murree brewery national bank of pakistan national foods limited national refinery nestl pakistan netsol technologies nib bank nishat chunian nishat chunian power nishat mills nishat power oil and gas development company pace pakistan packages ltd. pak suzuki motors pakistan cables pakistan international container terminal pakistan oilfields pakistan petroleum pakistan reinsurance pakistan services pakistan state oil pakistan telecommunication company ltd pakistan tobacco company picic growth fund rafhan maize security papers limited shell pakistan shifa international hospital siemens pakistan soneri bank standard chartered pakistan sui northern gas pipelines limited sui southern gas company thal limited tpl trakker trg pakistan tri pack films unilever pakistan united bank limited pakistan as of july 2013 retrieved from https en.wikipedia.org w index.php title meezan bank & oldid 743966064 categories 1997 establishments in pakistanbanks established in 1997banks of pakistancompanies based in karachicompanies listed on the karachi stock exchangeislamic bankshidden categories articles with a promotional tone from december 2008all articles with a promotional tonearticles needing 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