MBL Slides

8/10/2019 MBL Slides

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MEEZAN BANK LIMITED



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.



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 company’sordinance 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



THE SECTOR OF THE MEEZAN BANK

OPERATIONS

Cash

Account Opening

Remittance

TRADE

TREASURY

CREDITINFORMATIOIN TECHNOLOGY

MARKETING/SALES



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.



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



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”.



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”.



PRODUCTS OF MEEZAN BANK

ASSETS BASE PRODUCTS

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



Financial analysis of MBL



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 bank’s current account Riba se azadi campaign

Campaign on achieving the milestone network size of 100 citie



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



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 bank’s objective of

being “employer of the first choice”.The bank’s 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.



Competitive analysis (SWOT) of the MBL

STRENGTH

WEAKNESS

OPPORTUNITIES

THREATS



STRENGTHSFirst and largest Islamic bank of Pakistan

Largest 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



WEAKNESSLack of Islamic banking knowledge

Low Satisfaction of staff

Higher turnover

Centralized system of Management

High charges

Credit card facility

Difficult targetsStressful job



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 people’s thinking

Globally acceptance of Islamic banking system

Economic conditionsIndustrial growth



THREATSConventional banks entering Islamic banking Market

Misconception and Misunderstandings among the general public aboutIslamic banking

Growing competition in the Islamic banks

Unstable Political conditions



First week

Customer service departmentTypes of accounts



Second week

Documents required for account opening

Procedure for account opening



Third week

Clearing department

NIFT

Inward clearing

Outward clearing



Fourth week

Pay order

Demand draft

Travel cheque



Fifth week

Cheque book issuanceService quality department



Sixth week

Deposit slip

Online deposit slip



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




College’s 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.




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 intern’s overallmaturity by strengthening resourcefulness, problem-solving skills,self-confidence, self-discipline and sense of responsibility.

MBL Slides

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