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 Meezan Bank

BBA( B) LA CASA NOSTRA

 Meezan Bank

BBA( B) LA CASA NOSTRA

 Meezan Bank

contents

BBA( B) LA CASA NOSTRA

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Foreword

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Alhamdollilah

February 20,2009

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 Meezan Bank

The largest Islamic Bank in Pakistan with a network of 166 branches in 40 cities.
At Meezan Bank we are committed to providing you a complete range of Shariah compliant
banking services that are up to the highest professional standards.

 
"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
 
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 an 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 branch network in all major cities of 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 seven years of its operation as an Islamic commercial bank (from 2002
to 2009), offering universal banking services to customers, Meezan Bank has been
one of the fastest growing banks in the history of the banking sector.  Average
growth in deposits has been 55% per annum during this period while the branch
network grew from 4 to 166. 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 industry. The Bank has been assigned a long-term
entity rating of A+ and a short-term entity rating of A-1.
The Banks main shareholders are leading financial institutions of the Region
namely, Noor Financial Investment Company, Kuwait, a leading investment

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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 today’s 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 Tameness T-24 and Oracle.  It has also recently
upgraded 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 Endeavour
to deliver competitive risk adjusted returns to our stakeholders.

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Corporate profile

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Shariah Supervisory board

Credit Rating

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Meezan Bank entity rating of A+ for long term and A-1 for short-term
Meezan Bank entity rating reaffirmed by JCR-VIS
Meezan Bank has received entity ratings of A+ for medium to long-term and A-1 for short-term. These ratings have been
assigned  by JCR-VIS Credit Rating Company, which has also set Meezan Bank’s outlook on medium to long-term rating as
“Stable”.
Meezan Bank’s 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. The Credit Rating
agency JCR-VIS has expressed commendation to Meezan Bank management’s ability to deploy funds in core banking assets,
which reflected healthy growth trends last year.

DEFINITIONS BEING USED BY JCR-VIS CREDIT RATING COMPANY

Medium to Long Term Short Term
A+, A, A-: Good Credit Quality. Protectin A-1: High certainity of timely payment.  Liquidity
factors are adequate. Risk factors may vary with factors are excellent and supported by good fundamental
the possible changes in the economy protection factors. Risk factors are minor.

Board of Directors
The Board of Directors of Meezan Bank are:
 H. E. Sheikh Ebrahim Bin Khalifa Al-Khalifa (Chairman)
(Minister of Housing, Ministry of Housing, Kingdom of Bahrain)
 Naser Abdul Mohsen Al-Marri (Vice Chairman)
 Jassar Dakheel Al-Jassar
 Rana Ahmed Humayun
 Mohammed Azzaroog Rajab
 Ahmed Abdul Rahim Mohamed
 Nawal Ahmed
 Alaa A. Al-Sarawi 
 Wamiq Rizvi
 Irfan Siddiqui (President & Chief Executive Officer)
 Ariful Islam (Chief Operating Officer)

Share Holding

Share Holders Rs. in million %

Noor Financial Investment

3,027 45.52
Company, Kuwait

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 Meezan Bank

Pakistan Kuwait Investment

1,995 30.00
Company  (Pvt.) Limited

Islamic Development Bank, Jeddah 620 9.32

  Others 1,008 15.16

Paid up Capital 6,650 100 %

Vision and Mission Statement

Our Vision

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.

Our 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.

Our Service Mission

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.

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Careers

At Meezan Bank, human capital is our most valuable equity, and it is the people of Meezan
Bank who carry the mission and vision forward. As dedicated Islamic Bankers, it takes a
special breed of person with a belief and commitment in Islamic Shariah with an unwavering
professionalism to carry the responsibility of making Islamic Banking the banking of first
choice.
Meezan Bank provides the tools needed for our people to develop world-class analytical,
leadership, management and relationship-building skills. We ensure the proper development
of our employees to cope with the current market trends and business needs. Achievements
are a milestone in an individual's career as well as in the Bank's growth, and thus needs to
be recognized in the most effective manner. We continuously strive to make our policies
more customized & competitive to improve our working environment, foster teamwork,
encourage innovation, and to ensure career progression.
At Meezan Bank, we are committed to providing an ideal professional environment which
enables our employees to pursue the highest possible level of professionalism as well as
supporting their personal fulfillment. We believe that our strategic mix reinforces in our
employees the ability to think 'out of the box' and discover new ideas and concepts, while
challenging the status quo.
If you think you can make a difference, you are invited to apply and explore the possibility
of a dynamic, challenging and rewarding career with Meezan Bank. 
 View our current career openings to find a position suitable to your portfolio
 Fill our application form to apply in a department of your interest

Branch Network

Meezan's Branch Network

Southern Region   Central Region   Northern Region
 Hub (Lasbela)    Bahawalpur   Abbottabad
Hyderabad   Daska   Dera Ismail Khan
Karachi   Dera Ghazi Khan   Gujar Khan
Nawabshah   Faisalabad   Haripur
Quetta   Gojra    Islamabad

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Sakrand   Gujranwala   Kohat

Sukkur   Jhang   Mansehra
Tando Adam   Kasur   Mardan
Tando-Allah-Yar   Lahore   Muzaffarabad
    Mandi Bahauddin   Peshawar
     Mian Channu   Rawalpindi
    Multan   Swat
    Okara  
    Rahim Yar Khan  
    Sadiqabad  
    Sahiwal    
    Sargodha    
    Sheikhupura    
    Sialkot    
 
 

Personal banking

RUPEE CURRENT ACCOUNT

Riba Free
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. Read
More
   
   
RUPEE SAVING ACCOUNT
Monthly Profit Payment
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. Read More
 
 

   

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DOLLAR SAVING ACCOUNT

Foreign Currency based Investment Opportunity
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. Read
More
   
   
MEEZAN BACHAT ACCOUNT
High expected Rate of Return
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 a
saving account convenience and service. Read More
 
   
KAROBARI MUNAFA ACCOUNT
For large Corporate Entities
Karobari Munafa is a 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. Read More

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
 Free Visa Debit Card
 Free 24/7 Internet Banking
 

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 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?

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.
Make an appointment with our officer to assist you in account opening or call our 24/7 Call Center to answer any
of your queries.
Opening an account
Following are the documents required for opening an Account:   
 Individuals 
1. CNIC / NICOP / POC
2. Any job / Business proof (As applicable) 
3. Recent paid utiliy bill as proof of residence
 
 Minor
1. Attested copy of Birth Certificate
2. Attested copy of Bay Form
3. CNIC copy of Guardian
 Limited Company
1. Attested copy of Certificate of Incorporation
2. List of Directors
3. Attested copy of Memorandum & Articles of Association
4. Board Resolution
5. Attested copy of Certificate of Commencement of Business (For Public Ltd.
Co.)
6. Attested copies of CNICs of all Directors / Signatories
7. Latest copy of certified Form-29 issued by SECP
 Proprietorship
1. CNIC of Proprietor
2. Attested Copy of NTN Certificate
3. Account Opening Request & Proprietorship Letter on Firm's Letter Head
 Partnership
1. Partnership Deed (attested by notery public)
2. Letter of Authority & Mandate (if applicable)
3. Attested copies of CNICs of all Partners
4. Account Opening Request Letter on Firm's Letter Head
5. Attested copy of Registration Certificate with registrar of the firms
 Club/Society/Association/Trust Accounts 
1. Copy of Rules/By-Laws
2. Copy of Registration
3. List of Executive Members/Management Committee/Management Body
4. Copy of Resolution
5. CNICs of all Meembers of Management Body

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6. Undertaking to immediately inform the Bank in writing about any changes in

Management Committee/Authorized persons.
 NRP 
1. NICOP
2. Visa/Passport Copy
3. Job Proof (Salary Certificate/Slip)

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.
 Free 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
What do I need to open an account?
Just fill in our Account Opening Form, print it out, and provide it with the required documents.
This is all that you need to open a Meezan Bachat Account with us and enjoy our personalized banking services.
Make an appointment with our officer to assist you in account opening or call our 24/7 Call Center to answer any of
your queries.
Opening an account
Following are the documents required for opening an Account:   
 Individuals 
1. CNIC / NICOP / POC
2. Any job / Business proof (As applicable) 

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 Meezan Bank

3. Recent paid utiliy bill as proof of residence

 
 Minor
1. Attested copy of Birth Certificate
2. Attested copy of Bay Form
3. CNIC copy of Guardian
 Limited Company
1. Attested copy of Certificate of Incorporation
2. List of Directors
3. Attested copy of Memorandum & Articles of Association
4. Board Resolution
5. Attested copy of Certificate of Commencement of Business (For Public Ltd.
Co.)
6. Attested copies of CNICs of all Directors / Signatories
7. Latest copy of certified Form-29 issued by SECP
 Proprietorship
1. CNIC of Proprietor
2. Attested Copy of NTN Certificate
3. Account Opening Request & Proprietorship Letter on Firm's Letter Head
 Partnership
1. Partnership Deed (attested by notery public)
2. Letter of Authority & Mandate (if applicable)
3. Attested copies of CNICs of all Partners
4. Account Opening Request Letter on Firm's Letter Head
5. Attested copy of Registration Certificate with registrar of the firms
 Club/Society/Association/Trust Accounts 
1. Copy of Rules/By-Laws
2. Copy of Registration
3. List of Executive Members/Management Committee/Management Body
4. Copy of Resolution
5. CNICs of all Meembers of Management Body
6. Undertaking to immediately inform the Bank in writing about any changes in
Management Committee/Authorized persons.
 NRP 
1. NICOP
2. Visa/Passport Copy
3. Job Proof (Salary Certificate/Slip

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.

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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
For account opening details make an appointment with our officer or call our 24/7 Call Center.

Meezan Bank is pleased to present a convenient and comfortable Hajj & Umrah product under the banner of Meezan Labbaik.
The exclusively designed, service-oriented Hajj & Umrah packages are comprehensive, affordable and competitively priced.
After an analysis of Pakistan and KSA markets, Meezan Bank has selected very professional and competitive Travel Agents as
business partners for Labbaik Hajj & Umrah scheme. The complete arrangements have been made convenient and easy as the
Customer has a one stop service at the branch end for all VISA processing, ticketing and flight details, hotel reservations,
transportation etc.

Labbaik Travel Aasaan

Labbaik Travel Aasaan is ideal for you & your family if you wish to perform Umrah now with complete peace of mind, but
wish to do so with convenience by relying on the goodwill of Meezan Bank.  Details
Labbaik Saving Aasaan

Labbaik Saving Aasaan is ideal for you if you 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. Details 

Salient Features of the Labbaik Umrah Package

 Completely Halal and Riba Free
 15 days trip (4 nights Makkah, 7 nights Madina and 3 nights Makkah)
 Complete Visa Processing
 Confirmed return airline tickets with weekly flights
 Complete accommodation in 'A' Category hotels near Haram
 Complete Transport (Jeddah -> Makkah -> Medina -> Makkah -> Jeddah)
 Special Meet & Assist services with Urdu speaking guide
 Double Umrah facility
 Ziarat in Makkah & Madina
 Packages for different duration & facilities are also available
*All travel arrangements are made by the selected Travel Agent.

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Come & Take a Step Towards the Holy Journey via Islamic Banking
Just fill in the relevant Labbaik Package Application Form and submit it with the required documents. This is all that you need
to travel with Meezan Labbaik - A Holy Journey with Comfort & Convenience.
Make an appointment with our officer to assist you in applying for Meezan Labbaik or call our 24/7 Call Center to answer any
of your queries.

Term certificate
Meezan Bank provides a complete range of term certificates. From short term to long term with intermittent
exchange in a range of currencies, the product menu is at once robust and dynamic.
Our range of term deposit products include:
 Certificate of Islamic Investment

 Meezan Amdan Certificate

 Meezan Providence Certificate
 Monthly Mudarbah Certificate
 Dollar Mudarbah Certificate

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Guidelines for ATM users
 Guidelines for account holders using Visa Debit Cards by SBP

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 Guidelines for account holders using Visa Debit Cards by SBP - Urdu

Use our ATM locator to locate an ATM nearest to you.

Debit card.
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
 
The cashier will swipe the Debit Card accross the ORIX machine and enter the
Step 1
purchase amount.
Step 2 Select your desired account from the options: Current or Savings.
Enter your 4-digit PIN for verification. These are same 4 digits as your ATM
Step 3
PIN.
After verification, the machine will issue a slip. Confirm your transaction
Step 4
amount and collect your Debit Card.
The transaction is complete and the amount will be debited from your account
Step 5
on the spot.

Special banking

Investment Banking

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

Rated Privately Placed Sukook Issue Privately Placed Sukook Issue

PKR 12,000 million PKR 9,185 million
Lead Arranger Lead Advisor & Arranger
Shariah Structuring Advisor Shariah Structuring Advisor
September 2007 September 2007
Engro Chemicals Limited Attock Power Gen Limited

Syndicated Finance Facility

Privately Placed Sukook Issue

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PKR 7,800 million

PKR 3,000 million
Co-Arranger
Joint Lead Advisor & Arranger
Shariah Structuring Advisor
June 2007 August 2007
Sui Southern Gas Company Limited Water & Power Development Authority

Privately Placed Sukook Issue SLR Eligible Placed Sukook Issue

PKR 2,000 million PKR 10,000 million
Joint Lead Advisor & Arranger Co-Arranger
Asset Management

The Asset Management and Investment Advisory Arm of Meezan Bank Limited

Al Meezan Investment Management Limited (Al Meezan Investments), the asset management and
investment advisory arm of Meezan Bank Limited, specializes exclusively in the development and
management of Shariah compliant products. Al Meezan Investments has one of the longest and the most
successful track record of managing mutual funds in the private sector, spanning over twelve years.
Al Meezan Investments is presently managing five funds i.e. Al Meezan Mutual Fund Limited (AMMF),
a closed end equity fund; Meezan Islamic Fund (MIF), an open-end equity fund; Meezan Balanced Fund
(MBF), a closed end balanced scheme; Meezan Islamic Income Fund (MIIF), Pakistan’s first Shariah
compliant open end income fund and Meezan Tahaffuz Pension Fund (MTPF), a Voluntary Pension
Scheme. The total size of the five funds under management as at December 31, 2007 was over PKR 15
billion as compared to PKR 6.5 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 its peers and consequently build the investor confidence.
In continuation with our endeavor to provide Shariah compliant investment solutions, very soon we will
be launching yet another specialized product Meezan Capital Protected Fund-1(MCPF-1). MCPF-1
provides investment opportunity to the investors who desire high level of protection of their capital,
willing to invest for relatively longer period and want to get benefit of any gain from investment made by
the fund in the stock market.

Al Meezan Investments is ranked among the best performing asset management companies in Pakistan.
The fund wise break up of net assets as at December 31, 2007 is as under:
NET ASSETS
PKR  (Millions)
FUND
December 31, 2007
Meezan Islamic Income Fund 6,776
Meezan Islamic Fund 4,613
Meezan Balanced Fund 1,467
Al Meezan Mutual Fund 2,041
Meezan Tahaffuz Pension Fund 168

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Al Meezan Investments has also achieved Management Quality Rating “AM2”, assigned by JCR-VIS.
AM2 denotes high management quality rating. All the funds of Al Meezan Investments with a minimum
one year track record have 5-Star rating which is the highest possible rating and denotes superior
performance relative to its peers.
The Shariah Advisor of Meezan Bank Limited, also being the Shariah Advisor of Al Meezan
Investments, supervises the operations in order to ensure Shariah compliance of the funds. In addition to
the quality service, Shariah compliance and impressive performance in terms of returns to investors, Al
Meezan Investments 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 best global
practices in asset management.
Units of all open end funds are available at the offices of Al Meezan Investments and all branches of
Meezan Bank Limited (MBL) across Pakistan. For the convenience of investors, Al Meezan Investments
has placed dedicated investment officers at the selected branches of MBL. These officers provide
guidance and assist the investors in meeting their investment objectives.

Conclusion
Meezan bank is the largest islamic Bank of the world with 166 branches
In 40 cities.it is based on islamic rules and regulation.they are trying to
present the world as an islamic power of equality of manhood and social
justice

Thanks
Superior university lahores
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