Company : MEEZAN BANK

1. Saira Akhtar
Sarah Mashhood
Arshian Siddique
Owais Nathani
Zardar Waseem

2.  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.

3.  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.

4.  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.


5.  incorporated on January 27, 1997
 It started operations as an investment bank
inAugust
 In January, 2002 in an historic initiative
 Meezan Bank was granted the nation's first
full-fledged commercial banking license
dedicated to Islamic Banking, by the State
Bank of Pakistan.

6.  excellent operating profitability, including a
capital adequacy ratio
 a long-term entity rating of A+, and a short-
term entity rating of A1+, the highest short-
term rating
 extraordinary research and development
capability

7.  Pak-Kuwait Investment Company
 the Islamic Development Bank of Jeddah
 Shamil Bank of Bahrain

8.  H.E. Sheikh Ebrahim Bin Khalifa Al-Khalifa Chairman
 Naser Abdul Mohsen Al-Marri Vice Chairman
 Rana Ahmed Humayun
 Mohammed Azzaroog Rajab
 Ahmed Abdul Rahim Mohamed
 Nawal Ahmed
 Alaa A. Al-Sarawi
 Mian Muhammad Younis
 Mohammad Abdul Aleem
 Irfan Siddiqui President & CEO
 Ariful Islam

10.  First exclusive Islamic bank.
 The largest Islamic Bank in Pakistan with a network of over
204 branches in 54 cities. And ending this year they have
increase his branches in Pakistan to 280 branches.
 Strong growth of its Islamic banking SBU.
 Meezan Bank, the largest Islamic Bank in Pakistan
 Dedicated and professional staff
 Shariah board of renowned scholars
 Healthy working environment
 Strong shareholding

11.  High charges for different activities such as online or
Demand Draft as compared to competitors.
 Lack of promotions and advertising of their products and
services.
 Lengthy & extensive documentation
 Centralized procedures making process slow
 Weak marketing strategy, Target market not identified
 offering fewer services than the competitors
 Risk Averse, approach of Head office.
 Meezan Bank Limited has no Credit card facility
 Restricted Shariah based policies

12.  House financing sector can be targeted to maximize the
profit.
 Growing demand of Islamic financial product and services.
 Venturing into Islamic groups out side the countries as
opportunity to expand business in UAE and Golf states i.e.
financial institutions.
 Coming up with. Products for the SME to targeting the
medium level customers.
 Doing business with companies having Islamic mindset. I-e
Islamic financial Institutions.
 Increase branch network within the country

13.  New competitors setting up their Islamic banking sections
 High Interest Rate from SBP
 SBP has not special policy regarding Islamic Banking.
 Disassociation of Maulana Taqi Usmani from the Shariah
advisory board of Meezan Bank
 Govt. policies are mostly for conventional banking system
not for specially designed for Islamic banking.
 Fears on the credibility of Islamic banking ethical compliance
and monitoring systems.

14. The responsibilities of the directors, members
and the staff are clearly written in:
 Articles of Association
 Memorandum
 Potential Regulates
 Banking Companies Ordinance 1962 (State
Bank of Pakistan)

15.  (?)

16.  Executive and Non-Executive Directors
 Chairman
 Vice Chairman
 President
 CFO
 COO
 CEO
 Sponsor Shareholders are appointed for the
Annual General Meeting

17.  No Remuneration Committee
 Directors’ Pay according to SBP
 Disclosure in the Annual report.
 Pay to Senior Executives (C.E.O, C.F.O, and
C.O.O).

18.  Pay to the non-Executive directors
 Disclosure in Articles of Association

19.  2/3rd quorum is maintained for board and
board committees
 Circulating the minutes to other members
 Notice of Meeting

20.  Minimum Criteria
 No tenure
 Responsibilities of Company Secretary

21.  The information is kept to inform the public
about the company operations.
 It is done through Karachi Stock Exchange
(KSE) annually.
 Some information is kept hidden fom the
public as per company policy.

22.  Board Meeting in every three months
 Agenda Paper
 NO SURPRISES
 Arrangement of Issues

23.  Formal Meeting in
 It is a legal requirement for voluntary
organizations that have company status.
 It is good practice for charities to have an
AGM to act as a review of the year .

24.  Although it is a formal meeting, it can also be a
good opportunity to communicate with members,
clients, partners and other interested parties.
 They also approve the minutes of the previous
meeting.
 They also undertake a review to ensure that actions
decided at meetings have been taken and the
recommendations send by the risk management
committee also been consider.

25.  Meezan has the policy on the conflict of
interests as the transaction made by the
directors or management in terms of shares
reports to the SECP.
 If anyone in the company has the shares of
more than 5 % so bank should inform to the
state bank of Pakistan (SBP).

26.  Section 189(1) (c) of the Companies Act requires
that after its registration a company must establish
an interests register. This is a list of the material
interests that the directors have in:
 Businesses with which the company is
dealing
 Transactions involving the company.
 Businesses or transactions which may
impact on the company in some way.

27.  The shareholding interest is the important to
be disclosed because it differentiates the
directors as independent directors.
 The organization also maintains the register
of interests as every bank does and it is
reviewed by the audit committee and chief
financial officer (CFO).
 It is not necessary for all the members to sign
the register.

28.  HR heads is responsible to review the system.
 The organization has a disciplinary
committee to see the different mishaps.
 They also have a fraud and fraudulent
committee.

29.  Proxy Guidelines
 Case of Vote in Absentia
 Resolutions Put before Shareholders
 Member’s Registrar
 Proxy / Vote to Attend
 Member of CDC

30.  IAS/IFRS & State Bank of Pakistan
regulations
 Financial Statements are signed by
 Consolidated Financial Statements

31.  Warehouse at Site Area, Karachi
 HRMS System for Access/Retrieval
 Temenos (T24) for Adequate Security

32.  No Nominating Committee
 Recommendations by 3 main shareholders:
Noor Financial Investment Co, Kuwait
Pakistan Kuwait Investment Co. (Pvt.) Ltd.
Islamic Development Bank, Jeddah
 State Bank of Pakistan

33.  Elected or re-elected after every 3 years
 SBP Conducts a Test
 Training Program (PICG)
 In case of BAD review…

34.  Clear Cut Agenda :
 Education
 Health

35. Examples of CSR
 Qarz e Hasna for Higher Studies
 Rehabilitation of Flood-Affectees
 Afzaal Memorial Thalessemia Foundation &
Others

36.  The Sharia Advisor and Shariah Supervisory
Board of the Band are responsible to monitor
the process.
 An independent trust by the name of Ihsan
Trust has been registered as an independent
entity for disbursement of Meezan Bank’s
charity fund.

37.  During the year, Meezan Bank disbursed a
total of Rs. 137.6 million from its charity fund,
the highest in the history of the Bank.
 During the year, an amount of Rs. 106.309
million was transferred to the Charity account

38.  During the year, an amount of Rs. 106.309
million was transferred to the Charity account
and an amount of Rs. 137.633 million was
disbursed from charity saving account after
the approval of the Shariah Advisor.

40.  In case they do not receive any deposits in the
charity account then this could lead to a few
problems. It should be noted that there has
been no such case in the history of Meezan
Bank to this day.

41.  A public official is one who acts as an
impartial intermediary between the public
and government or bureaucracy, or an
employee of an organization who mediates
disputes between employees and
management. Their CCO is the
ombudsperson of the company and he acts as
the impartial intermediary in this case.

42.  The policies of the company on sexual
harassment have been mentioned in a proper
document and are shown to all at one point
or another so that it is taken care of properly.
Women who work come to work wearing an
Abaya so they feel safe and secure.

43.  The company follows the code of equal
employment opportunity and mentions it
everywhere in order to show its equitability in
case of pay scale.

44.  Since they have loads of work and the size of
the bank has been on the go for expansion
they have not really gotten time or tied up
money to arrange for external lawyers.
 Instead they have a legal department that
takes care of any lawsuits that come their
way which are usually about non performing
loans and then they also have Remedial Asset
Management to work for this purpose.

45.  They do not appoint any external corporate
governance advisors since they get all the
information on regulations on corporate
governance from State Bank of Pakistan.
 They monitor the bank and its every move
vigilantly.

46.  None in Place