Tag: Meezan Bank Limited

Karachi, April 09, 2018 (PPI-OT): Meezan Bank, Pakistan’s first and largest Islamic bank, has recently signed an agreement with Pirani Group of Companies, a trusted name in the manufacturing of two-wheeler and three-wheeler vehicles, auto parts, vans, minivans, trucks and tractors, to offer all variants of power and super power bikes through Meezan Bike Ijarah, which is Pakistan’s first Shariah-compliant bike financing facility offering easy and affordable monthly payments for the customers.

The MoU was signed by Mr. Arshad Majeed – Group Head, Consumer Finance, Meezan Bank and Mr. Naveed Usman Pirani – Director, Pirani Group Of Companies at a ceremony held at Pirani Group of Companies Head Office, Karachi. Through this understanding, Meezan Bank will be a preferred financier for Power and Super Power bikes. The Bank’s vast nationwide network of over 600 branches will enable Pirani Group to make its products available to a very large audience.

Speaking at the occasion, Mr. Arshad Majeed said, “In Pakistan, the demand for motor bikes is ever-growing and Meezan Bank’s collaboration with Pirani Group of Companies augurs well for both the companies as well as the evolving market needs and industry.”

Mr. Naveed Usman Pirani said, “There is a high demand of Pakistani branded bikes in the market and our affiliation with Meezan Bank will facilitate those consumers, who are unable to make one-time lump sum payments by allowing them to purchase new motor bikes on easy and affordable instalments.”

For more information, contact:
Meezan Bank Limited
Meezan House, C-25 Estate Avenue,
SITE, Karachi
Tel: +92-21-38103500
Fax: +92-21-36406049
Website: www.meezanbank.com

Karachi, February 20, 2018 (PPI-OT): Meezan Bank and Institute of Business Administration – University of the Punjab (IBA-PU) have recently signed a Memorandum of Understanding for launching MBA in SME Banking and Entrepreneurship. The agreement aims to address the challenge of availability of qualified and trained human capital in these fields and also to bridge the gap among banks, academia and entrepreneurs. The MOU was signed by Mr. Irfan Siddiqui, President and CEO – Meezan Bank, Prof. Dr. Shahid Kamal, Dean Faculty of Science – University of the Punjab and Mrs. Sajida Nisar, Incharge Director – Institute of Business Administration, University of the Punjab in the presence of honourable chief guest Mr. Tariq Bajwa – Governor State Bank of Pakistan.

The MoU highlights a collaborative framework for promoting SME Banking in the country by committing to share resources and collaborating on various joint activities, including designing of MBA program in SME Banking and Entrepreneurship, provision of scholarships, participation in job fairs and development of specialized training programs for SME and Islamic banking.

Speaking at the occasion, Mr. Irfan Siddiqui said: “The importance of SME sector for Pakistan’s economy can never be over-emphasized. However, the overall potential of this sector in accelerating income generation and in curbing poverty reduction has remained essentially untapped. Meezan Bank, as Pakistan’s premier Islamic bank is therefore taking the initiative of collaborating with business schools across Pakistan develop professionals who are specifically trained for this sector. Skilled and trained SME bankers are vital to further boost growth in the country’s SME banking sector. With this Program, the two entities shall collaborate on their core expertise to provide training and learning opportunities for emerging entrepreneurs, SME proprietors and upcoming young generation.”

Mrs. Sajida Nisar, Incharge Director – IBA-PU acknowledged the importance of Meezan Bank’s initiative, terming it as ‘A historic milestone for IBA’. Prof Dr. Shahid Kamal, Dean Faculty of Science – University of the Punjab expressed that the collaboration will enable the business school to impart quality education on SME banking and entrepreneurship.

Addressing at the occasion, Mr. Tariq Bajwa, Governor – State Bank of Pakistan stressed that agriculture, low-cost housing and SME sectors are the major contributors to the growth of economy of Pakistan. He also appreciated the efforts of Meezan Bank and IBA-PU f for the promotion of SMEs and entrepreneurship culture in the country.

For more information, contact:
Meezan Bank Limited
Meezan House, C-25 Estate Avenue,
SITE, Karachi
Tel: +92-21-38103500
Fax: +92-21-36406049
Website: www.meezanbank.com