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    MEEZAN BANK LIMITED

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    History of Islamic banking

    In 1980 CII presents a report for removal of interest on Islamic banking andfinance.

    In 1985 commercial banks convert their all saving accounts as interest free.

    In 1991 Federal Shari at Court (FSC) declared the un-islamic the process adoptedby the bank in 1985.

    In 1997 to pursue Islamic banking Al-Meezan Investment Bank is created with amandate.

    In 1999 the Shariat Appellate Bench of the Supreme Court of Pakistan rejectsthe appeals and directs all laws on interest banking to cease.

    In 2001 the Shariah Supervisory Board is created at Al-Meezan Bank.In 2002 that bank converts itself into full fledged Islamic commercial bank. It isrenamed as the Meezan Bank and first Islamic banking license issue to this bank.

    In 2003 Meezan Bank establishes itself as the pioneer of Islamic banking inPakistan and quickly establishes branches in all major cities of the country.

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    Introduction to the MBL President General Pervaiz Musharraf begin the new Islamic commercialbank in Karachi.

    MBL is premier Islamic bank, public listed company incorporated on January

    27, 1997.MBL has got the license of commercial banking from the state bank ofPakistan and is registered under the legislation of banking companysordinance 1962.

    It has dedicated itself to do business of banking according to Islamic rules

    and regulations and is supervised by a Shariah Board who keeps an eye onthe operations of the bank and there must be no element of Riba in it.

    Now Meezan bank stand as the leader of the evolution of Islamic bank inPakistan

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    THE SECTOR OF THE MEEZAN BANK

    OPERATIONS

    Cash

    Account Opening

    Remittance

    TRADE

    TREASURY

    CREDITINFORMATIOIN TECHNOLOGY

    MARKETING/SALES

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    Market share of MBL

    MEEZAN accounts 50% of market share of Islamic banking in Pakistan. Market

    capitalization in 2013 is 39,488 million. Market value per share is Rs.39.38 in2013.Totalassets of the bank increased from Rs.274 billion as at December 2012to Rs.330 billion December 2013, presenting growth of 20%. Deposit growth26%. Profit after tax 3.9 billion increase 13% as comparing to previous year.Now in 2014 the market value per share is about Rs.42.

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    Market share of MBL769 Thousand customers

    Over 6 thousand employees

    Rs.330 billion assets

    103 cities

    351 branches

    8 th largest bank of Pakistan (in term of branch network)

    11 th largest bank of Pakistan (in term of deposits)

    Rs.289 billion deposits

    26% deposits growth rate

    85% SME & Commercial banking

    44% Total financing portfolio growth rate

    13% profit growth rate

    24% auto financing growth rate

    34% corporate asset growth rate

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    VISION

    Establish Islamic banking as banking of firstchoice to facilitate the implementation of anequitable economic system, providing a strongfoundation for establishing a fair and justsociety for mankind.

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    MISSION

    To be a premier Islamic bank, offering a one -stop shop for innovative value-added productsand services to our customers within thebounds of Shariah, while optimizing thestakeholders value through an organizationalculture based on learning, fairness, respect forindividual enterprise and performance.

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    PRODUCTS OF MEEZAN BANK

    ASSETS BASE PRODUCTS

    Meezan kafalah Meezan roshani generator Laptop ease Car ijarah Tractor ijarah Meezan labbaik Meezan Amim

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    Financial analysis of MBL

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    Marketing strategiesMeezan Bank launched many several initiatives on highlighting themilestones that it had achieved during the year and on communicating theunique selling points of its products to the general public. The marketingcampaigns listed below utilized various media including print, radio and

    social media.Campaign highlighting the performance of 2012

    Co-branding campaign with Pak Suzuki motors company limited

    Co-branding campaign for fortunes with Indus motor company

    Co-branding highlighting the features of Meezan banks current account Riba se azadi campaign

    Campaign on achieving the milestone network size of 100 citie

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    The bank regularly informs its customers and general public about itsachievements as well as business and operational milestones. The bank hassignificant presence on Social and digital Media through

    Its official Facebook pages which has more than 130,000 fans and is one ofthe topmost banking sector pages in Pakistan

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    Major HR Policies and practicesThe three functional sub-units of the Human Resource department of thebank: Talent management, Operations, Systems

    Worked very closely on different projects to achieve the banks objective of

    being employer of the first choice.The banks management team participated in several job fairs at majoruniversities and also partnered with learning and development team ofhiring of trainee officer batches.

    The bank has zero tolerance policy on integrity and shariah-complianceissues which is communicated to the staff through media.

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    Competitive analysis (SWOT) of the MBL

    STRENGTH

    WEAKNESS

    OPPORTUNITIES

    THREATS

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    STRENGTHSFirst and largest Islamic bank of PakistanLargest market share of the Islamic banking industry

    Wide range of branch network

    Truly Shariah-compliant products & servicesStrong financial indicators

    Strong shareholders

    Value added features

    Friendly staffGrowth

    Effective customer services

    Strong healthy working and honorable environment

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    WEAKNESSLack of Islamic banking knowledge

    Low Satisfaction of staff

    Higher turnover

    Centralized system of Management

    High charges

    Credit card facility

    Difficult targetsStressful job

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    OPPORTUNITIESIncreasing awareness about Islamic banking

    Growing local and international Islamic banking market

    Potential for market penetration

    Venture to Islamic groups internationally with UAE & Gulf states

    Diversion of peoples thinking

    Globally acceptance of Islamic banking system

    Economic conditionsIndustrial growth

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    THREATSConventional banks entering Islamic banking Market

    Misconception and Misunderstandings among the general public aboutIslamic banking

    Growing competition in the Islamic banks

    Unstable Political conditions

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    First week

    Customer service departmentTypes of accounts

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    Second week

    Documents required for account opening

    Procedure for account opening

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    Third week

    Clearing department

    NIFT

    Inward clearing

    Outward clearing

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    Fourth week

    Pay order

    Demand draft

    Travel cheque

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    Fifth week

    Cheque book issuanceService quality department

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    Sixth week

    Deposit slip

    Online deposit slip

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    Recommendations for the bank

    Firstly, the personnel in the bank should not be overstressed with workload.

    Secondly, there is a need for creating satisfaction among employees.

    Thirdly, as bank expand itself as branch network nationwide, it shouldcommence its new branches internationally.

    Fourthly, the MBL should upgrade its electrical system

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    Recommendations for the bank

    Colleges mission is to prepare students for success in their personal andprofessional lives, and for leadership and services in their communities. Themission of college will successful by this internship program. So colleges shouldmaintain and build such activities.

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    Recommendations for the bank

    Internship provide the intern real work assignments. It is smart way togain valuable experience and training. Intern s can apply the bookishknowledge in practice. Internship programs develop interns overallmaturity by strengthening resourcefulness, problem-solving skills,self-confidence, self-discipline and sense of responsibility.

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