Karachi: Meezan Bank, Pakistan’s leading Islamic bank, has been declared the winner of the ‘Best Bank of the Year – Large Size Banks’ award by the CFA Society Pakistan, a member society of the CFA Institute, USA, at its 22nd Annual Excellence Awards held recently in Karachi.
This marks the sixth consecutive year that CFA Society Pakistan has recognized Meezan Bank on an overall industry basis as the ‘Best Bank of the Year’, competing with the largest local and conventional players. The Bank was also named the ‘Best Islamic Bank of the Year’ for its outstanding performance, innovation, and leadership in Islamic finance, marking 15 years of this prestigious recognition.
Mr. Irfan Siddiqui, Founder President & CEO – Meezan Bank, and Dr. Syed Amir Ali, Deputy CEO – Meezan Bank, received the Best Bank award from Mr. Jameel Ahmad, Governor, State Bank of Pakistan, who graced the occasion as the Chief Guest.
The Bank has previously been honored multiple times by the organization for its excellence in providing Islamic financial services that cater to the diverse needs of its clients.
Meezan Bank is the leading Islamic bank of Pakistan and also one of the largest banks nationwide in terms of branch network as well as deposits. With a network of over 1,080 branches in more than 350 cities, it has the largest Islamic banking network in Pakistan.
Meezan Bank has consistently been recognized as the Best Islamic Bank in Pakistan by numerous local and international institutions including its recognition as the ‘Best Bank – 2024’ by Pakistan Banking Awards – the most prestigious award in the country’s financial sector and by 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, – Dawn & IBP Pakistan, Employers Federation of Pakistan and CFA Association – Pakistan.
The VIS Credit Rating Company Limited (formerly JCR-VIS Credit Rating Company) has retained the Bank’s entity rating to the highest possible level of ‘AAA/A1+’. This rating denotes the highest possible credit quality, with negligible risk factors, being only slightly more than for risk-free debt of the Government of Pakistan.
