Meezan Bank, Pakistan’s best bank and the first and largest Islamic bank, is a publicly listed company with a paid-up capital of Rs. 17.94 billion. It is one of the fastest growing financial institutions in the banking sector of the country. With its Vision of establishing ‘Islamic banking as banking of first choice ...’ – the First Islamic Bank commenced operations in 2002, after being issued the first-ever Islamic commercial banking licence by the State Bank of Pakistan.
The Bank provides a comprehensive range of Islamic banking products and services through a retail banking network of more than 1000 branches in more than 300 cities of the country. Backed by a state-of-the art T-24 core banking system, the branch network is supported by 24/7 banking services that include over 950 ATMs, VISA and MasterCard Debit cards, a Call Center, Internet Banking, Mobile Application and SMS Banking facility.
The Bank operates strictly under the principles of Islamic Shariah and is well-recognized for its product development capability, Islamic banking research and advisory services. In order to ensure strict Shariah-compliance in all its products and services, the Bank has established a dedicated Product Development and Shariah Compliance department that operates under the supervision of the Bank’s in-house Resident Shariah Board Member and a Shariah Board comprising of internationally renowned Shariah scholars.
Meezan Bank has been recognized as the ‘Best Bank in Pakistan’ by Pakistan Banking Awards– the most prestigious awards in Pakistan’s Banking sector, which is a testimony of the Bank’s commitment to excellence.The Bank has consistently been recognized as the ‘Best Islamic Bank in Pakistan’ by numerous local and international institutions.Other awarding institutions include Islamic Finance News - Malaysia, Global Finance magazine - New York, Asset AAA - Hong Kong, Asiamoney – Hong Kong, The Banker – United Kingdom, South Asian Federation of Accountants, Islamic Finance Forum of South Asian Awards, Pakistan Banking Awards – Dawn & IBP Pakistan, Employers Federation of Pakistan and CFA Association - Pakistan.
" 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 Mohammed Ali Jinnah
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.
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.
Shariah-compliance, Integrity, Service Excellence.
Mr. Riyadh S.A.A. Edrees has been a Director of Meezan Bank since October, 2012. In addition to being the Chairman of the Board, he is also Chairman of the Human Resources, Remuneration & Compensation Committee and IFRS 9 Committee of the Board and a member of the Information Technology Committee. Mr. Riyadh has also previously served as the Vice Chairman of Meezan Bank’s Board.
Mr. Riyadh S.A.A. Edrees holds a B.Sc. degree in Chemical Engineering from Newcastle Upon Tyne University, U.K., and M.Sc. in Chemical Engineering from Kuwait University. His skills and experience encompass a wide range of industries and various roles which include:
Current Directorships:
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Mr. Bader H.A.M.A. Al-Rabiah has been a Director of Meezan Bank since November, 2015. He is also a member of the Information Technology and Risk Management Committees of the Board. He has a strong academic background in accounting and a focused experience in different sectors over the past 22 years.
Current Directorships:
Mr. Saad Ur Rahman Khan joined the Board of Directors of Meezan Bank in August 2023. He is also a member of the Audit Committee, and Chairman of Risk Management Committee and IT Committee of the Board.
Mr. Saad Ur Rahman Khan is a graduate of Institute of Business Administration (IBA), Karachi with an extensive banking career spanning more than 30 years in the area of Retail, Trade, SME, Commercial, Corporate, Investment Banking, Financial Institutions, International Banking and Risk Management.
Having started his professional journey with MCB Bank Limited in 1993, Mr. Khan has since held numerous senior roles in large local and multinational banks including Citibank, National Bank of Pakistan, Habib Bank Limited and Bank Alfalah.
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Mr. Faisal Fahad Al-Muzaini joined the Board of Directors of Meezan Bank as Director in 2021. He is a member of IFRS 9 Committee of the Board.
Mr. Al-Muzaini holds a Bachelor’s Degree in Business Administration from Gulf University for Science and Technology and a PLD Harvard Business School Alumni. He has more than 20 years’ experience of working in Investments and Corporate Finance and has held various senior management positions.
Currently he is working as Head of Debt Management Department at the Ministry of Finance of the State of Kuwait since 2018.
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Mr. Tariq Mahmood Pasha joined the Board of Directors of Meezan Bank in October, 2023. He is also a Member of Audit Committee of the Board.
Mr. Pasha has over 37 years’ experience of serving the Government of Pakistan in various capacities, most notably as the Special Assistant to the Prime Minster on Revenue, Non-Executive Director on the Board of Directors of State Bank of Pakistan, Chairman Federal Board of Revenue, Special Assistant to the Federal Finance minister, Federal Secretary for four Ministries/Divisions (Revenue, Economic Affairs, Statistics and Kashmir Affairs and Gilgit Baltistan), Principal Secretary to the Governor of Punjab Province, Provincial Secretary (Punjab Province) for two departments (Finance, Religious Affairs).
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Mr. Zine Elabidine Bachiri joined Meezan Bank's Board in November 2024. He is also a member of the Board Risk Management Committee.
Mr. Zine Elabidine holds a Master’s degree in risk management from Sheffield Hallam University in the UK. He has over 19 years of experience in finance and banking specializing in credit risk, market risk, asset liability management and financial engineering. Currently, he heads the financial policies, planning and analytics department of the Islamic Development Bank.
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Mohammad Abdul Aleem was re-elected as an Independent Director on the Board of Meezan Bank in November, 2021. He is the Chairman of Audit Committee and member of Human Resources Remuneration and Compensation Committee of the Board.
Previously, he had served as Director on Meezan Bank’s Board from October, 2010 till November, 2018. He was Chairman of the Audit Committee as well as the Information Technology Committee of the Board during his last tenure. Besides Meezan Bank, Mr. Aleem currently is also a Director and Chairman, Audit Committee of the Pakistan Refinery Limited.
Mr. Abdul Aleem is currently the CEO and Secretary General of Overseas Investors Chambers of Commerce & Industry (OICCI). He has worked in senior positions within both Exxon Chemicals and Engro Corporation, serving in both Singapore and Pakistan. Thereafter, he has worked with British American Tobacco Group UK (BAT) in Pakistan and overseas, where he ultimately served as CEO of BAT Operations in Cambodia, Mauritius, and Indian Ocean territory. Since 2004, he has served in senior positions with large Government-owned organizations in Pakistan. His last assignment was as the Managing Director, Pakistan State Oil Company Ltd.
Mr. Abdul Aleem has in the past been a Director of Engro Corporation Limited, Dawood Hercules Corporation, Pakistan Tobacco, LUMS, Pakistan Institute of Corporate Governance and Chairman of Faysal Asset Management Company.
As a supporter of leading non-profit organizations in the field of education, Mr. Abdul Aleem is currently Vice Chairman of Professional Education Foundation and Chairman of Intellect School Governing Board.
Mohammad Abdul Aleem is a Fellow Chartered Accountant (Gold Medallist) and a Fellow Member of the Institute of Cost & Management Accountant. He has also attended extensive international management training programs at various institutes including Stanford University.
Current Directorships:
Ms. Nausheen Ahmad joined the Board of Directors of Meezan Bank in April, 2019. She is also a member of the Human Resources, Remuneration & Compensation Committee of the Board.
She holds an LL.B. from Kings College, London, an LL.M. degree from the University of London and a degree in the Philosophy of Religion from Kings College, London. She was called to the Bar from the Honorable Society of Grays Inn London and is registered as an Advocate of the Sindh High Court. She was also accredited as a mediator and master trainer by the Centre for Effective Dispute Resolution, UK and has also completed a negotiation and conflict resolution course from Harvard Law School.
Having spent over three decades in the corporate sector, Ms. Ahmad brings with her a tremendous amount of experience and expertise in the legal field as well as proven leadership skills. She began her legal practice with the corporate law firm Surridge and Beecheno. Later, she went on to hold the position of Legal Counsel at Pakistan Petroleum Ltd. and Unilever Pakistan Ltd. She has also served with ICI Pakistan Ltd. and Habib Bank Limited as the Company Secretary and General Counsel.
Ms. Ahmad left inhouse legal practice in mid-2021 to establish a boutique law firm called the Legal and Governance Advisory to provide corporate governance advice and training to businesses. She is also associated with Khaadi Corporation as consultant/ company secretary. She is an executive trainer and teaches the Directors Certification Training and the Corporate Law and Taxation diploma at IBA. She conducts diversity and inclusion training and conflict resolution and negotiation skills courses. Ms Ahmad is an executive volunteer providing pro bono governance advice to Child Life Foundation and Kaarvan Crafts Foundation.
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Mr. Abdulrazzaq T.A.M. Razooqi joined Meezan Bank's Board in November 2024. He is also member of Audit Committee and Risk Management Committee of the Board. Mr. Razooqi holds a Bachelor of Science in Business Management, specializing in Economics and Entrepreneurship, from Babson College Wellesley, Massachusetts.
Mr. Razooqi is currently serving as the Head of Advisory and Mergers & Acquisitions at Kuwait Financial Centre K.P.S.C. ("Markaz") where he has been actively involved in mergers and acquisitions, financial restructurings, valuations, and other transaction advisory services.
During his association with Markaz, Mr. Razooqi has advised clients on mergers and acquisitions across a variety of sectors, including industrial, healthcare, education, insurance, and food and beverage, amongst others. In the area of financial restructuring, Mr. Razooqi has been a key contributor to several high-profile projects in the fields of retail, trading businesses and real estate.
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Mr. Irfan Siddiqui is the founding President and CEO of Meezan Bank since 1997 to date. He is also member of Information Technology Committee and IFRS 9 Committee of the Board. Having articled with Coopers & Lybrand, London from 1975 - 1979, Mr. Siddiqui qualified as a Chartered Accountant from the Institute of Chartered Accountants in England and Wales.
His distinguished career includes several senior management roles, such as Chief Executive Officer at Al Meezan Investment Bank Limited, General Manager at Pakistan Kuwait Investment Company, Chairman of Al Meezan Investment Management, Advisor to the Managing Director at Kuwait Investment Authority, Manager of Finance and Operations at Abu Dhabi Investment Company, and Senior Business Analyst at Exxon Chemical (Pakistan) Ltd.
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Successful implementation of the Islamic Banking model rests upon absolute adherence to the principles of Islamic Shariah. The foundations of a strong Shariah underpinning at Meezan Bank were laid from the beginning. A world-renowned Shariah Board and a highly qualified and experienced in house Shariah Advisor are fundamental aspects of the Bank's core USP. The primary role of this Board is to maintain and further strengthen this commitment and to ensure strict Shariah-compliance in all areas of the Bank's operations.Members of the Shariah Board of Meezan Bank are Internationally-renowned scholars, serving on the boards of many Islamic banks operating in different countries.
Justice (Retd.) Muhammad Taqi Usmani is a renowned figure in the field of Shariah, particularly in Islamic finance. He currently holds advisory positions in a number of financial institutions practising Islamic banking and finance. With over 50 years of experience in Islamic Shariah, he has taught various subjects related to Islam. He served as a judge on the Shariat Appellate Bench of the Supreme Court of Pakistan from 1982 to 2002. He is also a permanent member of the International Islamic Fiqh Academy, an organ of the OIC based in Jeddah, Saudi Arabia, and served as Vice Chairman of the Academy for nine years.
Justice Usmani is widely recognised as one of the leading Shariah scholars active in the field of Islamic finance. For more than a decade, he has served as Chairman or Member of Shariah Supervisory Boards of numerous Islamic banks and financial institutions around the world. He is currently Chairman of the International Shariah Council for the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) in Bahrain.
He has held many senior positions in Pakistan's education sector and has participated in numerous commissions set up by the Government of Pakistan in the fields of education and economics. Since 1967, he has been the Chief Editor of the monthly Urdu-language magazine Albalagh, and since 1990, the Chief Editor of the monthly English-language magazine Albalagh International. He has also contributed articles to leading Pakistani newspapers on a variety of issues and has authored more than 60 books in Arabic, English, and Urdu.
Justice Usmani graduated from Punjab University, Pakistan, in 1970, and holds an LL.B. from Karachi University, Pakistan. Prior to these, he completed the Takhassus course, a specialisation in Islamic Fiqh and Fatwa (Islamic Jurisprudence) from Jamia Darul Uloom Karachi, Pakistan. In March 2004, His Highness Sheikh Mohammad Bin Rashid Al Maktoum (Crown Prince of Dubai and UAE Minister of Defence) presented Justice Usmani with a special award in recognition of his lifetime service and achievements in Islamic finance at the International Islamic Finance Forum in Dubai, one of the largest events in the Islamic finance industry.
Justice (Retd.) Muhammad Taqi Usmani has been the Chairman of Meezan Bank’s Shariah Board since its inception.
Current Board Memberships:
Awards Received:
Dr. Mufti Muhammad Imran Ashraf Usmani, son of Justice (Retd.) Mufti Muhammad Taqi Usmani, graduated with a specialisation in Islamic Fiqh (Islamic jurisprudence) from Jamia Darul Uloom, Karachi, where he has been teaching Fiqh since 1990. He also holds an LL.B. and a Ph.D. in Islamic finance. He is the Vice President of Jamia Darul Uloom, Karachi.
Currently, Dr. Imran Usmani is a Member of the Shariah Board at Meezan Bank, where he oversees research and product development of Islamic banking products, provides advisory on Shariah-compliant banking, and supervises Shariah Audit & Compliance. He is also the President and CEO of Usmani & Co. Pvt. Ltd., which offers a full suite of Islamic finance consultancy, Shariah advisory, and related ancillary services to local and international clients across all legal jurisdictions and financial and non-financial sectors.
Dr. Usmani serves in various prestigious roles, including with ICFAL-Australia, The Zeal-Canada and USA, Astana International Financial Centre-Kazakhstan, Sarasin Bank Switzerland, Amanah Bank Sri Lanka, Guidance Financial Group USA, Nafa Mutual Fund, Al Meezan Investment, and other mutual and property funds, Takaful companies, and international Sukuk.
Dr. Imran Usmani has been engaged with the Government of Pakistan in various initiatives and has been a member of the Steering Committee and Implementation Committee for the promotion of Islamic banking since 2013. He has served as an advisor/member of Shariah Boards for several renowned institutions across various jurisdictions since 1997, including the State Bank of Pakistan, Takaful Pakistan Ltd., Pakistan Mercantile Association, HSBC-Amanah Finance, UBS-Switzerland, Lloyds TSB Bank-UK, Japan Bank for International Cooperation (JABIC), Credit Suisse Switzerland, Royal Bank of Scotland Global, Old Mutual Albarakah Equity & Balanced Funds South Africa, AIG Takaful, ACR ReTakaful Malaysia, Premier Takaful Pakistan, Capitas Group USA, Bank of London and the Middle East Kuwait, BMI Bank Bahrain, Al Khaliji Bank Qatar, AIFA Amana Islamic Finance Australia, DCD Group Dubai, Acumen Fund, Swip Sicave Fund, Old Mutual AlBarakah Fund, and other mutual and property funds, Takaful companies, and international Sukuk.
He is also an Executive Committee Member of AAOIFI (Dubai), a member of the Shariah Supervisory Board of the International Islamic Financial Market (IIFM) in Bahrain, and an Academic Board Member at the Institute of Business Administration (IBA) – Centre for Excellence in Islamic Finance (CEIF), Karachi
Additionally, he serves as Director at the Centre for Islamic Economics (CIE), Hira Foundation School, and Hira Institute of Emerging Sciences, Karachi. Dr. Usmani has authored numerous publications related to Islamic finance and other Shariah-related subjects. He has presented papers at numerous national and international seminars and delivered lectures at academic institutions, including Harvard, LSE, LUMS, and IBA.
Board Memberships:
Sheikh Esam Mohamed Ishaq graduated from McGill University, Montreal, Canada. Born in Bahrain, he studied Shariah under several Sheikhs in the traditional manner.
He is a member of the High Council of Islamic Affairs of the Government of Bahrain and holds various Shariah positions across numerous social, commercial, and educational institutions. Currently, he teaches Fiqh, Aqeedah, and Tafseer courses at various centres of Islamic studies supervised by the Ministry of Islamic Affairs in Bahrain.
In addition, Sheikh Esam is the Chairman of the Muslim Educational Society, Vice Chairman and Shariah Advisor for the Discover Islam Centre, and a member of the Board of Trustees for Al-Iman Islamic Schools, Bahrain.
Sheikh Esam Mohamed Ishaq has been serving as a member of the Shariah Board since the inception of Meezan Bank.
Current Board Memberships:
In addition to membership of the Shariah Supervisory Boards of a number of local, regional and international Islamic Financial Institutions (IFIs), he is the Chairman of Shariah Supervisory Boards of the following IFIs:
Mufti Zubair Ahmed completed his Dars-e-Nizami at Jamia Darul Uloom Karachi. He has also completed a three-year Takhassus fil Ifta course at the same institution. He is a gold medalist from the Institute of Business Management, having achieved this distinction during his Master’s in Business Administration with a focus on Banking and Finance.
Additionally, he is a Certified Shariah Advisor and Auditor from the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), Bahrain.
Mufti Zubair is a Certified Professional Trainer from the International Association for People and Performance Development (Global). He is also registered with the Securities and Exchange Commission of Pakistan as a Shariah Advisor and has provided advisory services to various corporates for the issuance of numerous short-term Sukuk.
In addition, Mufti Zubair is currently serving as a Shariah Advisor for Zakat-related matters with Kiran Foundation and Muawin Foundation.
Mufti Muhammad Naveed Alam holds a Master’s in Islamic Banking and Finance from the University of Karachi, as well as Shahadat ul Alamiyah and Takhassus (specialization in Islamic Jurisprudence and Fatwa) from Jamia Darul Uloom, Karachi. He is also a Certified Shariah Advisor & Auditor (CSAA) from the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).
Mufti Muhammad Naveed Alam joined Meezan Bank in 2013 as a member of the Shariah Compliance Department. His main responsibilities include Islamic banking training, Shariah compliance review, and Shariah audit of various departments and branches
He is an active teacher/trainer at the Centre for Excellence in Islamic Finance (CEIF) at the Institute of Business Administration (IBA), Karachi, the Center for Islamic Economics (CIE) at Jamia Darul Uloom, Karachi, as well as several other renowned universities. He is also a member of the Shariah Board of NBP Funds.
Prior to his role as RSBM, Mufti Muhammad Naveed Alam served as the Shariah Advisor for Premier Window Takaful Operations and as the Shariah Coordinator at the Indus Hospital & Health Network. He has been serving as a Resident Member of Meezan Bank’s Shariah Board since October 1, 2018.
We are a team of professional bankers committed to the cause of Islamic Banking
ORGANIZATION CHARTAlhamdulillah, with more than 1000 branches in more than 300 cities across Pakistan, Meezan Bank is the largest Islamic Bank in Pakistan. This is a milestone that is not only the success story of Meezan Bank but also the continuing success story of Islamic banking in Pakistan. With this extensive network, our existing and potential customers are now closer than ever in benefiting from Islamic Banking at their doorstep. All branches provide real-time online banking facilities to customers.
