Mbl Internship Report
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Internee Name Ayman Khalid
Duration Six Weeks
Satellite Town Branch Sargodha
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My First and foremost gratitude to ALLAH the Almighty for giving me the valor to remain
dedicated to make this internship report. Apart from it I take the opportunity to acknowledge the
real efforts of:
First I would like to thank my University: UNIVERSITY OF SARGODHA for the valuable
support and encouragement which it has given to me in the form of this internship program.
Secondly I am very grateful to Mr. Qamar Shehzad, Branch Manager Meezan Bank Satellite
Town Sargodha for giving me the opportunity to be a part of this organization and to Mr. Qasim,
Manager Operations for being so helpful and cooperative throughout my internship program.
Likewise I would like to thanks entire team of Meezan Bank Satellite town Sargodha for their
support and provision of valuable information which helped me a lot during my internship and in
completion of this report.
A BIG THANK YOU to my beloved parents who encouraged me to complete this internship in a
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TABLE OF CONTENTS
1 Executive Summary
2 Introduction to Meezan Bank Limited
2.1 Shariah board
2.2 Board of directors
2.3 Branch network
3 Introduction To all departments
4 Organization Hierarchy Chart
5 My Learnings
5.1 Introduction to Satellite town Branch
5.2 Internship Duration
5.3 Training Program
6 Ratio Analysis
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Internship is an integral part of our MBA program, it provided me the opportunity to develop
practical no how of concepts which are studied only in theoretical form. My internship in
Meezan Bank Limited was full of learning regarding various aspects of banking .the report
contain practical knowledge which I gained during my stay at Meezan Bank Limited.
Meezan Bank Limited is the pioneer Islamic Bank in Pakistan and it has bright future forward.
Meezan Bank limited is the publically listed company first incorporated on January 27. 1997.
The bank has an internationally renowned very high caliber and pro-active Shariah Supervisory
I did my six week internship in Meezan Bank, Satellite town branch Sargodha. During my
internship I was rotated in different Departments.
The work I did during my internship in Meezan Bank primarily includes checking account
opening, pre-requisites, filling account opening forms, maintain inward mail registers, assisting
the cheque book issuance Department, know-how about the lockers available, analyzing inward
and outward clearing and the rules relating to them .
One of the strongest reasons for selecting Meezan Bank is after the Quranic Word AL-
MEEZAN which means BALANCE. Second most important thing that influenced me for
the selection of that bank was that it has the privilege of being premiere Islamic Bank in Pakistan
which is why it is the market leader among all the Islamic Banks.
Banking sector owes a pivotal importance in the economy of any country through its variant
functions. This basic motivator stressed me to join for Meezan Bank internship training.
Moreover, the experience and practice learned during this tenure also proved very helpful and
facilitating in the forth coming professional life.
During my internship program I have discovered many of the courses, I studied at University Of
Sargodha were relevant to the work, I have done during my internship in Meezan Bank. Chief
ones are financial management, banking practice and law, and banking operations.
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The main problem Identified during my internship period was excessive documentations as per
the policies making it extremely very difficult for the customer to avail their desire services and
more crucial one was the lack of motivation at work place.
Some of the suggestions in the report were Meezan Bank Limited will pursue aggressive
marketing in advertising strategy and making policies to increase employee motivation level.
All information in this report is based on my observation, interviews with the customer, and the
branch officers and practical involvement in different task during my internship at Meezan Bank.
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INTRODUCTION TO MEEZAN BANK LTD
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 has 323 branches in 84 cities across Pakistan and it became the 8th
largest Bank in Pakistan in terms of branch network.
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.
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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.
The members of the Shariah Board of Meezan Bank are Internationally-renown scholars, serving
on the boards of many Islamic banks operating in different countries.
The members of the Shariah Board are:
Justice (Retd.) Muhammad Taqi Usmani
Dr. Abdul Sattar Abu Ghuddah
Sheikh Essam M. Ishaq
Dr. Muhammad Imran Ashraf Usmani - Shariah Advisor
BOARD OF DIRECTORS:
H. E. Sheikh Ebrahim Bin Khalifa Al-Khalifa (Chairman)
(Undersecretary, Ministry of Finance & National Economy,Kingdom of Bahrain)
Naser Abdul Mohsen Al-Marri (Vice Chairman)
Irfan Siddiqui (President & Chief Executive Officer)
Mohammed Abdul-Rehman Hussain
Ariful Islam (Chief Operating Officer)
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Rana Ahmed Humayun
Mohammed Azzaroog Rajab
Ahmed Abdul Rahim Mohamed
Meezan Bank Limited has 323 branches in 90 cities across Pakistan and it became the 8th largest
Bank in Pakistan in terms of branch network.
Meezan Bank has reaffirmed its entity ratings at A+ for medium to long-term and A1+ for short-
term. This rating was made by JCR-VIS Credit Rating Company, which has also set Meezan
Banks outlook on medium to long-term rating as Stable. The rating is yet another milestone
achievement in the Banks endeavor to be the Bank.
Meezan Banks ratings are based on its shareholding with world-renowned financial institutions,
pioneering role in the industry, strong management initiatives in continuously introducing
various range of Islamic products. The Credit Rating agency JCR-VIS has expressed
commendation to Meezan Bank managements ability to deploy funds in core banking assets,
which reflected healthy growth trends last year.
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
To be a premier Is