MEEZAN BANK LIMITED
Department of Management Sciences
Govt. Postgraduate College for Women Samanabad, Lahore
Prepared by:
Ayesha Ghazal
Anum Waheed
Nimra Shakeel
Rohma Khan
Suman Shahid
Roll No.:
091631008
091631004
091631037
091631040
091631050
Session:
2016-2020
Submitted to:
Ma’am Uniza
Project of:
Investment
INTRODUCTION
Meezan Bank Limited (MBL) (the holding company) was incorporated in Pakistan on January
27, 1997 as a public listed company under the companies‟ ordinance, 1984 and its share quoted
in Karachi stock exchange. MBL was registered as an „Investment financing company on
August 8, 1997 and carried on the business of investment banking as permitted under SRO
585(I)/87 dated July 13, 1987 in accordance and in conformity with the principle of Islamic
shariah. A certificate of commencement of business was issued to MBL on September 29,
1997.
MBL was granted a „Scheduled Islamic commercial bank‟ license on January 31, 2002 and
formally commenced operations as a scheduled Islamic Commercial Bank With effect from
March 20, 2002 on receiving notification in this regard from State Bank of Pakistan (SBP)
under section 37 of the Statement Bank of Pakistan Act, 1956.
Meezan Bank Limited being an Islamic Bank offering its products to its customers strictly in
accordance with the SHARIAH COMPLIANCE. It is doing business in Corporate Banking,
Commercial Banking, Consumer Banking, retail Banking, Investment Banking keeping in
view the all norms and standards of Islamic injunction.
Meezan Bank stands today at a noteworthy point along the evolution of Islamic Banking in
Pakistan. 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
The Bank has made fundamental and significant progress forward, and in doing so has
established a strong and credible management team comprised of experienced professionals,
which have achieved a strong balance sheet with excellent operating profitability, including a
capital adequacy ratio that places the Bank at the top of the industry, a long-term entity rating
of A+, and a short-term entity rating of A1+, the highest short-term rating.
HISTORY OF MEEZAN BANK
Al-Meezan Investment Management Limited (AMIM) was established in 1995 as a joint venture
between Pakistan Kuwait Investment Company (PKIC), National Investment (Trust) Limited, and
Jardine Fleming Investment Management International Limited (Jardine Fleming). AMIM has over the
years benefited immensely from domestic investment management expertise of PKIC and National
Investment (Trust) Limited and international expertise of Jardine Fleming.
Jardine Fleming made a substantial contribution towards the development of systems and
procedures for AMIM during its six years of association with the company. The key investment
professionals of Jardine Fleming, Hong Kong who served as Directors of AMIM for these six
years, contributed to the development of strategic plans and investment policies of the
company.
The Holy Quran
"We must work our destiny in our own way and present to the works an economic system based
on true Islamic concept of equality of manhood and social justice "Quaid's concept of Islamic
Banking [Opening Ceremony of The State Bank of Pakistan on July 1, 1948]
What is Riba?
The Holy Quran did not give any definition for the term for the simple reason that it was well
known to its immediate audience. But many scholars defined Riba in the following words.
“Riba is Arabic word. It means increase, addition, expansion or growth”.
Imam Abubakr Al-Jassas (D.380 AH) in his famous work Ahkamul Quran has explained riba
in the following words:
“And the Riba which was known to and practiced by the Arabs was that they used to advance
loan in the form of Dirham (silver coin) or Dinar (gold coin) for a certain term with an agreed
increase on the amount of the principal advanced.”
VISSION AND MISSION
VISION STATEMENT
“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
MISSION STATEMENT
“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”
SERVICE QUALITY 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”
OBJECTIVE:
“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”
INVESTMENT PLANNING
Often, investor set their financial goals but struggle to find the right investment product to help
achieve them. At Meezan fund managers, we have created dedicated investment plans which
aim to provide investors with ready, made solutions for their ease.
Invest in one or more plans to ensure the achievement of all your financial objectives.
INVESTMENT PLAN OF MEEZAN BANK
Meezan Strategic Allocation Plan-I
The plan has an initial term of two years and will use active asset allocation strategy for
providing competitive returns on your investment.
Investment Objective & Philosophy
The objective of Meezan Strategic Allocation Plan – I (MSAP-I) is to actively allocate its
portfolio between the equity schemes and fixed income/money market schemes based on the
macroeconomic on such asset classes.
Benefits
Meezan Strategic Allocation Plan –I (MSAP-I) allows up to 100 % equity participation
based on Fund managers on the market.
Strategy reflective of investor’s risk appetite as market conditions change
Actively managed by experienced Fund Managers
A means of diversification for investment portfolios
Initial duration of 2 years from the close of subscription
Avail Tax Rebate on your investments as per Section 62 of ITO.
Managed by the only Shariah compliant Asset Management Company in Pakistan with
a solid track record of over 24 years,
This Product Is Suitable For Investors Who Are Seeking*:
Active Allocation between Equity and Money Market
Shariah complaint investment and Halal profit
Risk controlled strategy
Meezan Strategic Allocation Plan-II
The plan has an initial term of two years and will use active asset allocation strategy for
providing competitive returns on your investment.
Investment Objective & Philosophy
The objective of Meezan Strategic Allocation Plan – II (MSAP-II) is to actively allocate its
portfolio between Shariah compliant equity schemes and Shariah compliant fixed
income/money market schemes based on the macroeconomic outlook on such asset classes.
Benefits
Meezan Strategic Allocation Plan –II (MSAP-II) allows up to 100 % equity
participation based on Fund managers on the market
Strategy reflective of investor’s risk appetite as market conditions change
Actively managed by experienced Fund Managers
Initial duration of 2 years from the close of subscription
Avail Tax Rebate on your investments as per Section 62 of ITO.
Managed by the only Shariah compliant Asset Management Company in Pakistan
with a solid track record of over 24 years, and under the supervision of the Shariah
Supervisory Board of Meezan Bank headed by Justice (Retd.) Mufti Muhammad Taqi
Usmani.
This Product Is Suitable For Investors Who Are Seeking*:
Active Allocation between Equity and Money Market
Shariah complaint investment and Halal profit
Risk controlled strategy
Meezan Strategic Allocation Plan-III
The plan has an initial term of two years and will use active asset allocation strategy for providing
competitive returns on your investment.
Investment Objective & Philosophy
The objective of Meezan Strategic Allocation Plan – III (MSAP-III) is to actively allocate its
portfolio between Shariah compliant equity schemes and Shariah compliant fixed income/money
market schemes based on the macroeconomic on such asset classes.
Benefits
Meezan Strategic Allocation Plan –III (MSAP-III) allows up to 100 % equity participation
based on Fund managers outlook on the market.
Strategy reflective of investor’s risk appetite as market conditions change.
Actively managed by experienced Fund Managers.
Initial duration of 2 years from the close of subscription.
Avail Tax Rebate on your investments as per Section 62 of ITO.
Managed by the only Shariah compliant Asset Management Company in Pakistan with a
solid track record of over 24 years, and under the supervision of the Shariah Supervisory
Board of Meezan Bank.
This Product Is Suitable For Investors Who Are Seeking*:
Active Allocation between Equity and Money Market
Shariah complaint investment and Halal profit
Risk controlled strategy
Meezan Strategic Allocation Plan-IV
The plan has an initial term of two years and will use active asset allocation strategy for
providing competitive returns on your investment.
Investment Objective & Philosophy
The objective of Meezan Strategic Allocation Plan – IV (MSAP-IV) is to actively allocate its
portfolio between Shariah compliant equity schemes and Shariah compliant fixed
income/money market schemes based on the macroeconomic outlook on such asset classes.
Key Benefits
Meezan Strategic Allocation Plan –IV (MSAP-IV) allows maximum possible equity
participation based on Fund managers on the market.
Strategy reflective of investor’s risk appetite as market conditions change.
Actively managed by experienced Fund Managers.
Initial duration of 2 years from the close of subscription.
Avail Tax Rebate on your investments as per Section 62 of ITO.
Managed by the only Shariah compliant Asset Management Company in Pakistan with
a solid track record of over 24 years, and under the supervision of the Shariah
Supervisory Board of Meezan Bank.
This Product Is Suitable For Investors Who Are Seeking*:
Active Allocation between Equity and Money Market
Shariah complaint investment and Halal profit
Risk controlled strategy
Meezan Strategic Allocation Plan-V
The plan has an initial term of two years and will use active asset allocation strategy for
providing competitive returns on your investment.
Investment Objective & Philosophy
The objective of Meezan Strategic Allocation Plan – V (MSAP-V) is to actively allocate its
portfolio between Shariah compliant equity schemes and Shariah compliant fixed
income/money market schemes based on the macroeconomic on such asset classes.
Key Benefits
Meezan Strategic Allocation Plan –V (MSAP-V) allows maximum possible equity
participation based on Fund managers on the market.
Strategy reflective of investor’s risk appetite as market conditions change.
Actively managed by experienced Fund Managers.
Initial duration of 2 years from the close of subscription.
Avail Tax Rebate on your investments as per Section 62 of ITO.
Managed by the only Shariah compliant Asset Management Company in Pakistan
with a solid track record of over 24 years, and under the supervision of the Shariah
Supervisory Board of Meezan Bank.
This Product Is Suitable For Investors Who Are Seeking*:
Active Allocation between Equity and Money Market
Shariah complaint investment and Halal profit
Risk controlled strategy
Meezan Indus Hospital Support Plan – MIHSP
Meezan Indus Hospital Support Plan is Pakistan’s first Shariah compliant co-branded
administrative plan, managed by Al Meezan to enhance the donation and investment
experience for donors and investors alike.
Meezan Indus Hospital Support Plan (MIHSP) is structured by Al Meezan for the benefit of
Indus Hospital. It is launched under Meezan Financial Planning Fund of Fund (MFPF) as an
open end Shariah compliant Fund of Fund Scheme.
This is a Corporate Social Responsibility (CSR) initiative to support the philanthropic health
care program for the underprivileged segment of society, totally free of cost.
Investment Objective & Philosophy
The objective of MIHSP is to facilitate
The investors with a unique means of donating their funds with various options
related to their investment and profits.
The Indus Hospital with a new avenue for mobilization of its donation proceeds and
investing the same with the ultimate objective of meeting its growth and operational
needs.
Key Benefits
Meezan Indus Hospital Support Plan- MIHSP is Pakistan’s first Shariah compliant co-
branded product launched as a CSR initiative to benefit the underprivileged segment of
society
A convenient tool for paying your Zakat/Donation to The Indus Hospital
Options of allocation of Zakat/Donation amount
Deduction in Taxable income in case of Zakat (as per Sections 9 and 60 of the Income
Tax Ordinance, 2001)
Tax Credit up to 30 % for individual and up to 20% for corporate in case of Donation
(as per Section 61 of the Income Tax Ordinance, 2001) **
Choice of allocation of investments amount as per risk appetite of the donor
This Product Is Suitable For Investors Who Are Seeking*:
Individual or organizations who intend to pay their Zakat and Donation conveniently
Investors whose money is lying idle in current account of banks earning no profit or
invested in savings account earning very low investment income
Individuals who intend to create an endowment fund to support charity while retaining
title of their funds
Individual or Organizations who have idle funds for long term targets can invest in this
plan and chose to set aside a particular portion of profit earned through this product to
Zakat/Donation in favor of The Indus Hospital
Meezan Asset Allocation Plan-I
Meezan Asset Allocation Plan-I (MAAP-I), is an investment plan based on the existing
Meezan Financial Planning Fund of Fund (MFPF). Based on the Fund Manager ‘on asset
classes, the allocation plan will actively allocate its portfolio between the Equity Schemes
and Fixed Income/Money Market Schemes.
Investment Objective & Philosophy
The objective of MAAP-I is to earn a potentially high return through active asset allocation
between Shariah Compliant Equity Schemes and Shariah Compliant Income/Money Market
Schemes.
Key Benefits
Meezan Asset Allocation Plan –I (MAAP-I) allows maximum equity participation
based on Fund managers outlook on the market
Ease of choosing one fund instead of multiple investments
Duration of 2 years from the close of subscription
Avail Tax Rebate on your investments as per Section 62 of ITO.
Managed by the only Shariah compliant Asset Management Company in Pakistan with
a solid track record of over 24 years, and under the supervision of the Shariah
Supervisory Board of Meezan Bank headed by Justice (Retd.) Mufti Muhammad Taqi
Usmani.
This Product Is Suitable For Investors Who Are Seeking*:
An opportunity for long term capital appreciation potential
Active Allocation between Equity and Money Market
Shariah complaint investment and Halal profit
Meezan Asset Allocation Plan-II
Meezan Asset Allocation Plan-II (MAAP-II), is an investment plan based on the existing
Meezan Financial Planning Fund of Fund (MFPF). Based on the Fund Manager’s on asset
classes, the allocation plan will actively allocate its portfolio between the Equity Schemes
and Fixed Income/Money Market Schemes.
Investment Objective & Philosophy
The objective of MAAP-II is to earn a potentially high return through asset allocation
between Shariah Compliant Equity Schemes and Shariah Compliant Income/Money Market
Schemes.
Key Benefits
Meezan Asset Allocation Plan –II (MAAP-II) allows up to 100 % equity participation
based on Fund managers on the market
Ease of choosing one fund instead of multiple investments
Initial duration of 2 years from the close of subscription
Avail Tax Rebate on your investments as per Section 62 of ITO.
Managed under the supervision of the Shariah Supervisory Board of Meezan Bank
headed by Justice (Retd.) Mufti Muhammad Taqi Usmani.
This Product Is Suitable For Investors Who Are Seeking*:
To allocate funds to both risky and non-risky assets for an initial term of 2 years
An opportunity for long-term capital appreciation through broad mix of asset classes
encompassing Shariah compliant equity, fixed income & money market instruments.
Meezan Asset Allocation Plan-III
Meezan Asset Allocation Plan-III (MAAP-III), is an investment plan based on the existing
Meezan Financial Planning Fund of Fund (MFPF). Based on the Fund Manager’s on asset
classes, the allocation plan will actively allocate its portfolio between the Equity Schemes
and Fixed Income/Money Market Schemes.
Investment Objective & Philosophy
The objective of MAAP-III is to earn a potentially high return through asset allocation
between Shariah Compliant Equity Schemes and Shariah Compliant Income/Money Market
Schemes.
Key Benefits
Meezan Asset Allocation Plan –III (MAAP-III) allows up to 100 % equity
participation based on Fund managers on the market
Ease of choosing one fund instead of multiple investments
Initial duration of 2 years from the close of subscription
Avail Tax Rebate on your investments as per Section 62 of ITO.
Managed by the only Shariah compliant Asset Management Company in Pakistan with
a solid track record of over 24 years, and under the supervision of the Shariah
Supervisory Board of Meezan Bank headed by Justice (Retd.) Mufti Muhammad Taqi
Usmani.
This Product Is Suitable For Investors Who Are Seeking*:
To allocate funds to both risky and non-risky assets for an initial term of 2 years
An opportunity for long-term capital appreciation through broad mix of asset classes
encompassing Shariah compliant equity, fixed income & money market instruments.
Meezan Asset Allocation Plan-IV
Meezan Asset Allocation Plan-IV (MAAP-IV) is an investment plan based on the existing
Meezan Financial Planning Fund of Fund (MFPF). Based on the Fund Manager’s on asset
classes, the allocation plan will actively allocate its portfolio between the Equity Schemes
and Fixed Income/Money Market Schemes.
Investment Objective & Philosophy
The objective of MAAP-IV is to earn a potentially high return through asset allocation
between Shariah Compliant Equity Schemes and Shariah Compliant Income/Money Market
Schemes.
Key Benefits
MAAP-IV allows up to 100 % equity participation based on Fund managers on the
market
Ease of choosing one fund instead of multiple investments
Initial duration of 2 years from the close of subscription
Avail Tax Rebate on your investments as per Section 62 of ITO.
Managed by the only Shariah compliant Asset Management Company in Pakistan with
a solid track record of over 24 years, and under the supervision of the Shariah
Supervisory Board of Meezan Bank headed by Justice (Retd.) Mufti Muhammad Taqi
Usmani.
This Product Is Suitable For Investors Who Are Seeking*:
To allocate funds to both risky and non-risky assets for an initial term of 2 years
An opportunity for long-term capital appreciation through broad mix of asset classes
encompassing Shariah compliant equity, fixed income & money market instruments.
Risk and return potential Low- Medium
INVESTMENT BANKING GROUP
Realizing the increasingly diverse needs of our customers for advisory and structure
finance transactions, a specialized
