Meezan Bank


Meezan Bank is the largest Pakistani Islamic commercial bank which is a subsidiary of Kuwaiti company Noor Financial Investment. The Bank is headquartered at Meezan House in Karachi, Pakistan. It has a network of over 760 branches in more than 220 cities of Pakistan. It commenced operations in 2002 when State Bank of Pakistan issued the first-ever license for Islamic commercial banking.
The bank has a market share of 35% in the Islamic banking industry of the country.

History

In 2002, Meezan Bank acquired Pakistan operations of Société Générale.
In 2014, Meezan Bank signed an agreement with HSBC Bank Middle East to acquire HSBC's Pakistan operations consisting of 10 branches.
In 2015, Meezan Bank acquired Pakistan operations of HSBC Oman consisting of a single branch.

Shareholding structure