IT Final Project

IT Final Project
Presented to:
Sir Yousaf Samdani
Presented By:
Asad Mahmood (m14mba046)

Hassan Maqsood
(m14mba028)
Soban Ahmad
(m14mba002)
Hailey College of Banking

and Finance
1
Contents:
Chapter #01
Introduction, History, Products and Services of Meezan Bank, MCB Bank & Standard Charter Bank
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Chapter #02
Segregation of work
72
Chapter #03
Features of MS Word, Power Point and Excel
75
Chapter#04
Financial analysis, conclusion and references
93
Chapter #01
Introduction, History, Products and Services
of Meezan Bank, MCB Bank & Standard
Charter Bank
Introduction:
Meezan Bank is the first and largest Islamic commercial Bank
of Pakistan. The Bank is headquartered in Meezan House Karachi, Pakistan. It has a network of over 550 branches in more
than 125 cities of Pakistan. It commenced operations in 2002
when State Bank of Pakistan issued first-ever license for Islamic
commercial banking. The Bank has a market share of 35% in
Islamic banking industry of the country.
JCR-VIS Credit Rating Company Limited, an affiliate of Japan Credit
Rating Agency, has rated the Banks short term rating at A1+ (AOne Plus), the highest standard in short term rating, and the longterm entity rating at AA (Double A) with Stable outlook, making
it the only Islamic bank with AA credit rating in the Islamic
banking industry of Pakistan.
History:
1947:
The inception of Pakistan as the first Islamic Republic created in the
name of Islam.
1980:
CII presents report on the elimination of Interest genuinely
considered to be the first major comprehensive work in the world
undertaken on Islamic banking and finance.
1985:
Commercial banks transformed their nomenclature stating all Rupee
Saving Accounts as interest-free. However, foreign currency deposits
in Pakistan and foreign loans continued as before.
1991:
Procedure adopted by banks in 1985 was declared un-Islamic by the
Federal Shariat Court (FSC). The Government and some banks/DFIs
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made appeals to the Shariat Appellate Bench (SAB) of the Supreme

Court of Pakistan.
1997:
Al-Meezan Investment Bank is established with a mandate to pursue
Islamic Banking. Mr. Irfan Siddiqui appointed as first and founding
Chief Executive Officer.
1999:
The Shariat Appellate Bench of the Supreme Court of Pakistan
rejects the appeals and directs all laws on interest banking to cease.
The government sets up a high level commission, task forces and
committees to institute and promote Islamic banking on parallel
basis with conventional system.
2001:
The Shariah Supervisory Board is established at Al-Meezan
Investment Bank led by Justice (Retd.) Muhammad Taqi Usmani as
chairman. State Bank of Pakistan sets criteria for establishment of
Islamic commercial banks in private sector and subsidiaries and
stand-alone branches by existing commercial banks to conduct
Islamic banking in the country.
2002:
Meezan Bank acquires the Pakistan operations of Society General
and concurrently Al Meezan Investment Bank converts itself into a
full-fledged Islamic commercial bank. The first Islamic banking
license is issued to the Bank and it is renamed Meezan Bank.
President General Pervez Musharraf inaugurates the new Islamic
Commercial Bank at a formal ceremony in Karachi.
2003:
Meezan Bank establishes itself as the pioneer of Islamic Banking in
Pakistan and quickly establishes branches in all major cities of the
country. A wide range of products are developed and launched
consolidating the Banks position as the premier Islamic Bank of the
country Al Meezan Investment Management Limited (AMIM), the
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asset management arm of Meezan Bank, introduces Meezan Islamic

Fund (MIF), the countrys first open-end Islamic Mutual Fund.
2004:
The State Bank establishes a dedicated Islamic Banking Department
(IBD) by merging the Islamic Economics Division of the Research
Department with the Islamic Banking Division of the Banking Policy
Department. A Shariah Board has been appointed to regulate and
approve guidelines for the emerging Islamic Banking industry. The
Government of Pakistan awards the mandate for debut of
international Sukuk (Bond) offering for USD 500 million. The offering
is a success and establishes a benchmark for Pakistan. Meezan Bank
acts as the Shariah Structuring Advisor for this historic transaction.
2005:
Meezan Bank becomes the first customer of Islamic Insurance
(Takaful) by signing the first Memorandum of Understanding MoU
with Pak-Kuwait Takaful Company Limited (PKTCL). The signing of this
MoU has ushered Pakistan into a new era of Islamic Insurance
(Takaful).
2006:
A number of new dedicated Islamic Banks, namely Bank Islami and
Dubai Islamic Bank, commence operations in Pakistan. Meezan
continues its leadership position in the industry by more than
doubling it branch network to a total of 62 branches in 21 cities,
clearly establishing itself as the largest Islamic Bank of the country.
Meezan Bank, becomes the first Islamic bank to introduce 8 am to 8
pm banking at selected branches in Karachi.
2007:
Meezan Bank's branch network reached the milestone number of
100 branches (including sub-branches) in 31 cities nationwide.
Car Ijarah portfolio reached Rs. 4.1 billion and the Easy Home
portfolio stood at Rs. 3.1 billion.
The Bank introduced Istisna' financing to cater to the working
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capital needs of customers.

Meezan Bank was awarded 'Best Islamic Bank in Pakistan' by Islamic
Finance News of RED money Group, Malaysia. Deposit base of the
Bank grew to over Rs. 54 billion and the Bank earned profit after tax
of Rs. 963 million. Trade Finance business reached Rs. 70 billion.
2008:
Meezan Bank introduced Tijarah financing to allow customers to
raise funds for financing of stocks of finished goods.
Finance News of RED money Group, Malaysia and 'Best Islamic
Financial Institution in Pakistan' by Global Finance Magazine, New
York. Branch network grew to 166 branches (including sub-branches)
in 40 cities nationwide. Deposit base grew to Rs. 70 billion and the
total financing portfolio amounted to Rs. 39 billion.
2009:
2009 was a watershed year for Meezan Bank. The branch network
reached 201 branches (including sub-branches) in 54 cities
nationwide; deposit base crossed Rs. 100 billion; profit/return earned
on financing and investment activities exceeded Rs. 10 billion and
the Bank handled more than Rs. 100 billion of import/export
business.
Being a socially responsible bank, Meezan Bank launched Meezan
Labbaik, a Hajj and Umrah product - the primary objective being the
desire to facilitate Muslims in performing their holy duty. Meezan
Visa Debit Card was also launched during the year which is accepted
at over 30 million outlets worldwide and allows customers to
withdraw funds from their account from more than 1.4 million ATMs
worldwide and can also be used for shopping, dining, traveling, fuel
and cash needs.
Finance News of RED money Group, Malaysia; 'Best Islamic Financial
Institution in Pakistan' by Global Finance Magazine, New York; 'Best
Islamic Bank in Pakistan' for 2009 by ASIA MONEY Magazine, Hong
Kong and 'Islamic Bank of the Year' for 2009 by CFA Association of
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Pakistan.
Corporate assets, including corporate Sukuk stood at over Rs. 40
billion. Corporate highlights of 2009 included Tijarah financing with
PSO, Istisna financing with PARCO and Murabaha financing with
Punjab Food Department.
The Bank started implementing its new core banking application - T24. T-24 is a core banking software which includes banking best
practices based on Temenos' implementations in over 600 financial
institutions and 120 countries across Retail, Corporate, Private
Wealth, Islamic and Micro finance and Community Banking sectors.
2010:
Meezan Bank developed a number of new deposit products to cater
to the unique needs of different market segments. Among the
products launched during this year were Meezan Business Plus, a
Mudaraba-based account that offers an array of free services for
businesses, Meezan Euro Savings Account and Meezan Pound
Savings Account.
Meezan Bank's Car Ijarah completed its 9th year and stood at Rs. 4.2
billion with over 8,000 active vehicles. Meezan Bank stood among
the top three auto-finance providers in the country.
Al Meezan Investment Management launched Meezan Sovereign
Fund - an open-end fund; the eighth fund under its management,
including two closed-end funds, five open-end funds and one
voluntary pension scheme. The Bank developed a financing product
based on the concept of 'Wakalah', to encourage the development of
financing partnerships between Islamic banks and Microfinance
banks.
During the year, 38 Islamic banking awareness seminars were held
in 23 cities across Pakistan and were attended by more than 4,400
participants
representing
customers,
general
public
and
professionals.
Finance News of RED money Group, Malaysia and 'Best Islamic
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Financial Institution in Pakistan' by Global Finance Magazine, New

York.
Meezan Bank's branch network reached 222 branches in 63 cities
across Pakistan and it became the 11th largest bank in Pakistan in
terms of branch network.
The Bank demonstrated robust business growth in 2010, closing the
year with a deposit figure of Rs. 131 billion and Import/Export
business of Rs. 143 billion.
2011:
The inauguration of the new Head office in Karachi symbolizes
Meezan Bank's established position amongst the leading banks and
the largest Islamic Bank in Pakistan. During the year, 53 branches
were opened to reach a landmark of 275 branches in 83 cities across
Pakistan. Meezan Bank was awarded the Best Islamic Bank in
Pakistan for 2011 by Islamic Finance News of RED money Group,
Malaysia.
The bank expanded its portfolio of consumer financing products with
the launch of Meezan Laptop Ease in first quarter of 2011 which is
the first of its kind in Pakistan.
The Bank added another First in Pakistans Islamic Banking
Industry by becoming the Advisor and Lead Arranger for the first
ever short-term Sukuk for Kot Addu Power Company Limited.
During the year 27 Islamic Banking Seminars and over 110 Customer
Appreciation Days (115) were held to educate customers and the
general public and Islamic banking.
2012:
Meezan Bank reached 10 years of Riba-free banking with 310
branches in 90 cities. The Bank launched Visa Platinum Debit Card
for its customers.
The Bank also started Premium Banking Services and opened
Premium Banking Centers throughout the country.
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Another important achievement was the launch of Meezan Kids and

Teens Club Account for the children and teenagers who want to save
money for their future.
2013:
Meezan Bank became the 8th largest bank in Pakistan in terms of
branch network with 350 branches in 100 cities.
Total deposits of the Bank reached Rs. 280 billion.
The Government of Pakistan nominated Mr. Irfan Siddiqui, the
President of Meezan Bank and Dr. Imran Usmani, Shariah Advisor of
Meezan Bank as members of Steering Committee for the Promotion
of Islamic Banking.
The Bank also made an agreement with Ethical Finance Limited for
establishing first Islamic commercial bank in Republic of Mauritius.
2014:
Meezan Bank reached a branch network of 428 branches in 117
cities. The Bank acquired Pakistan operations of HSBC.
Total deposits reached Rs. 380 billion.
Meezan Bank launched MasterCard Titanium debit card, Mobile
Banking Application, Meezan Kafalah (Takaful), EBiz - Corporate
Internet Banking and Meezan Roshni- Generator financing.
Shareholding Structure:
Noor Financial Investment Company, Kuwait 59.11%
Pakistan Kuwait Investment Company (Pvt.) Limited 80.00%
Islamic Development Bank, Jeddah 90.32%
Nature of the Organization:

Meezan Bank is a commercial bank which receives deposits from
the people who have it spare and invests it with those who are in
need of them. It has got the license of commercial banking from
the State Bank of Pakistan and is registered under the legislation
of Banking Companies Ordinance 1962. It has dedicated itself to
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do business of banking according to islamic rules and regulations

and is supervised by a Shariah Board who keeps an eye on the
operations of the bank and ensures that the same must be in
accordance with the teachings of islam and there must be no
element of Riba in it.
The Meezan Team:

Meezan Bank is managed by a team of professional bankers
committed to the cause of Islamic Banking. This single unifying
factor unleashes the tremendous power of a dedicated and
motivated team committed to fulfilling the Vision and Mission of
this Bank.
Business Segments of the Bank:
Corporate and Investment Banking

Commercial and SME
Consumer Finance
Treasury & Financial Institutions
Asset Management (managed through a subsidiary Al
Meezan Investment Management Limited.)
Retail Banking is organized in three Regions across Pakistan,

namely South Region, Central Region and North Region.
VISION AND MISSION

VISION:
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.
MISSION:
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
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value through an organizational culture based on learning,

fairness, respect for individual enterprise and performance.
SHARIAH ADVISORY BOARD:

The letter and spirit of Islamic Banking rest upon absolute
adherence to the Shariah. The foundations of a strong Shariah
underpinning at Meezan Bank were laid from the beginning. A
world renowned Shariah Supervisory 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 the Bank's operations.
The members of the Shariah Supervisory Board of Meezan Bank
are Internationally-renowned scholars, serving on the boards of
many Islamic banks operating in different countries.
The members of the Board are:
Justice (Retd.) Muhammad Taqi Usmani (Chairman)

Dr. Abdul Sattar Abu Ghuddah
Sheikh Essam M. Ishaq
Dr. Muhammad Imran Ashraf Usmani (Advisor)
BOARD OF DIRECTORS:
The Board of Directors of Meezan Bank are:
H. E. Sheikh Ebrahim Bin Khalifa Al-Khalifa (Chairman)
(Minister of Housing, Ministry of Housing, Kingdom of
Bahrain)
Naser Abdul Mohsen Al-Marri (Vice Chairman)
Jassar Dakheel Al-Jassar
Rana Ahmed Humayun
Mohammed Azzaroog Rajab
Ahmed Abdul Rahim Mohamed
Nawal Ahmed
Alaa A. Al-Sarawi
Irfan Siddiqui (President & Chief Executive Officer)
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Ariful Islam (Chief Operating Officer)
ACCOUNTS DEPARTMENTS:
STRUCTURE AND FUNCTIONS:
Accounts department in the bank works as an internal audit
department of the organization. All the vouchers prepared and all
the cheques that are processed are finally come to the accounts
department where these are sorted and summarized.
OBJECTIVE:
The objective of this department is to conduct the internal audit
and to provide exact information of daily transactions.
FUNCTIONS:
Three main functions of accounts department are as follow:
Data controlling
Reporting and expense
Budgetary performance review and analysis
DATA CONTROLLING:
The main features of data controlling are:
To match physical data with computer generated data

To check authorization control of transactions
Is the data property authorized
To keep a track of record of all transactions (physical data)
for future evidence
To arrange the data in some order to facilitate or to ease the
process of data Retrieval
Aspects of Data Controlling:
1: Customer activity
2: General ledger
Dual effect of transactions is stated like debit credit.
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Firstly receiving of voucher then main sorting is done which is

done on the basis of main numbering.
REPORTING AND EXPENSE:
The major reports generated by this section are:
Daily branch position

Daily position of deposits and advances
Daily MIS report (management information system)
Daily foreign currency account report
Daily fund rupee position report
Statement of affairs
Weekly reports are of foreign exchange and then monthly and

quarterly reports are made. Daily branch position of bank is not
faxed and is kept with the bank. Daily foreign currency report is
faxed to treasury. The bank deal in three foreign currencies that
are: US dollar, EURO and GBP (stands for Great Britain Pound).
Daily fund rupee position is faxed to the state bank. Statement of
affairs is not faxed.
BUDGETARY PERFORMANCE:
This section includes the disbursements, which are as follows:
Modes of remittances:
Demand draft D.D
Telegraphic transfer T.T
Pay order slip
They are also called BPG bills payable general.
Demand draft is for outstation purpose .It secures the payment
because at first, the cash is deposited in the bank and then draft
is made.
Demand draft is having four copies, which are kept as follow:
One is kept with the customer. (Gray copy)
One with bank (photo copy)
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One with the head office (pink)

One with the entity being financed (yellow)
Pay order is for local transfer of money that is within the city.
Two other ways of disbursement in the bank are
Pay slip
Cash payment voucher
Pay slip is used when the bank has to pay less then Rs.5000
Cash payment voucher is used by the bank when it has to pay
more than Rs.5000.
In the accounts section I came to know about some other terms
like
Provision
Rupee travelers cheque
Deposit certificate
Inter branch credit advice
Inter branch debit advice
Outward bills for collection
Inward bills for collection
Society for world wide transactions
Term finance
Provisions are the amount kept separately to be debited for the

expenses of bank.
Deposit certificates are being taxed as
Simple deposit -----------3% tax
Services deposit----------5% tax
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Personal Banking of Meezan Bank:

ACCOUNT OPENING AT MEEZAN BANK:
This accounts at Meezan Bank are divided into three categories.
These are as follows:
Business Account
Personal Account
Club Society Account
Business Account:
This account is related to the business community. This account is
also further subdivided into three categories:
Sole proprietor account
Partnership account
Limited Company account
Sole proprietor accounts:
These account are the account opened by businesses, which are
owned by single persons. The following documents are required to
open the account.
Document required:
Introducer of account who is already account holder of the
bank
Copy of NIC
Request on letterhead of the company
Every signature must be stamped with company stamp
Declaration of sole proprietorship
Partnership account:
These are the accounts specifically opened for the partnership
firms. The documents required for this type of account are as
follows:
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Document required:
bank
Copy of NIC of the entire partners
Request on letterhead of the firm
Every signature must be stamped with company stamp
Partnership deed
Partnership mandate
Limited company accounts:
This account is related to limited companies either public limited
or private limited. The documents required to open this type of
account are as follows:
Document required:
bank
Copy of NIC of all the Directors
Request on letterhead of the company
Copy of certificate of Incorporation
Memorandum and Article of Association
List of Director
Copy of Board Resolution [prescribe format]
Certificate of Commencement of Business.
Latest copy of Form A-29
Power of Attorney/Mandate [if required]
Personal Account
The accounts related to persons other than companied and
partnership firms are called personal accounts. These are further
subdivided into three categories:
Personal account
Joint account
Personal account:
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Personal account is own by only one person and not more then
this. This account can be current or saving depending upon the
will of the customer.
Documents required:
Introduction of nay account holder of BAL or any other bank
Copy of NIC
Joint account:
Joint accounts are those accounts that are owned by 2 or more
persons. This account may also be either saving or current
depending on the customers will.
Documents required:
Introduction of nay account holder of BAL or any other bank
Copy of NIC of all the member of joint account
Club Society Account
The account opened by any NGO or any non-profit firm falls in this
category. For opening of such type of account the bank has to get
permission from the head office. If head office gives permission,
the bank opens this account otherwise refuse to do so.
Documents required:
Copy of rules
Certificate copy of resolution [prescribed format]
Accounts On the Basis Of Currency
This account is also divided into two categories. These are as
follows:
Local Currency account
Foreign Currency Account
Local Currency account:
The account dealing with the local currency is called local
currency account:
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Foreign Currency Account:

The account dealing with the foreign currency is called foreign
currency account. This account is further subdivided into
following.
USD
GBP
Euro
JPY
RUPEE CURRENT ACCOUNT
(RIBA FREE)
Meezan Bank is offering Riba-Free Current Account, a flexible
Rupee based account that is ideal for individuals and businesses
looking for Shariah compliant banking and professionalism both
under one roof.
The Meezan Bank Current Account is a comprehensive Halal
method of acquiring a secure and easily maintainable Riba Free
bank account.
Bundled with 24/7 and special banking services, the Meezan Bank
Current Account is an innovative value added account which
provides customers both ease of utility and unmatched service
quality.
Key features of the Riba -Free Current Account:
Free Online Banking services at all Meezan Bank branches
nationwide
Instant access to funds at any online branch
No restriction on withdrawals or number of transactions
Bank balance certificates & duplicate statements of account
Stop Payment & Hold Mail instructions
24/7 Card your ATM & Debit Card in one
24/7 Call Center with complete Tele-banking services
Personal financial consultancy services
Specialized 8 to 8 Banking at selected branches
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RUPEE SAVING ACCOUNT:

A unique bank account that offers the opportunity to earn Halal
profits, while enjoying a range of added benefits. It can be opened
with a minimum amount of only Rs.10000. The profit on this
account is calculated and paid on a monthly basis, and comes
with a variety of free benefits, no restrictions on transactions,
priority banking and more.
Minimum amount required to open account = Rs.10,000
Riba Free COII Holders may open accounts without any minimum
balance requirements
Riba Free Rupee Saving Account works under the principles of
Mudarabah and is strictly in conformity with the rules of Islamic
Shariah. Profit calculation and all banking transactions are in strict
adherence to the Islamic Shariah, monitored by our Shariah
Advisor and the Shariah Supervisory Board
Key features:
Apart from first class service and personalized attention that
our customers get when they bank with us, we offer the
following additional conveniences:
Instant access to funds at any online branch.
Free Online Banking services at all Meezan Bank
branches nationwide
No restriction on withdrawals or number of transactions
Bank balance certificates & duplicate statements of account
Stop Payment & Hold Mail instructions
DOLLAR SAVING ACCOUNT:

Meezan Bank is pleased to offer Riba-Free Dollar Saving Account,
a foreign-currency based investment opportunity that is set up on
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the principles of Shariah and as a result is free from the element

of markup.
With a minimum of only $100 you can open a Dollar Saving
Account with us under a Mudarabah arrangement that is strictly in
conformity with the principles of Islamic Shariah. The return
earned on the Mudarabah pool is calculated every month and the
profit ratio for all investors is declared at the beginning of the
month. If you maintain a minimum average monthly balance of $
500, you shall be eligible to receive profits that shall be disbursed
to you every month.
Additional Features:
Apart from first class service and personalized attention that our
customers get when they bank with us, we offer the following
additional conveniences to our customers:
Personalized cheque books

No restriction on withdrawals or number of transactions.
Monthly profit payment
Taking stop payment instructions
Taking hold mail instructions
Issuance of duplicate statement of account
KAROBARY MUNAFA ACCOUNT:

Karobari Munafa is a savings account specifically tailored for large
Corporate or Govt. controlled entities. It allows customers to earn
higher returns on surplus cash balances. It has no preset
transaction limits and comes with a variety of free packaged
benefits.
Key Features:
Profit will be calculated on a Daily Product Basis
Minimum balance requirement for account opening is Rs. 1
Million
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No restriction on deposits and withdrawals

Free facilities: cheque books and pay-orders
Dedicated account / relationship manager
The Karobari Munafa Account works under the principles of
Mudarabah and is strictly in conformity with the rules of Islamic
Advisor and the Shariah Supervisory Board.
MEEZAN BACHAT ACCOUNT:

Meezan Bachat Account is a unique saving account that provides
high monthly returns with the flexibility to withdraw savings if
needed. Thus Meezan Bachat Account offers a higher expected
rate of return with the convenience of a savings account.
With a Meezan Bachat Account, you are entitled for a higher the
profit with a higher account balance. You receive profit even if
your balance falls below Rs. 25,000/- in any one month. Profit is
credited to your account every month and is calculated with
reference to the minimum balance maintained in the account
during the preceding month.
The Riba-Free Meezan Bachat Account works under the principles
of Mudarabah and is strictly in conformity with the rules of Islamic
Key Features:
Highest expected rate of return

Riba-free profit paid every month
Minimum balance for account opening is just Rs.25,000/Maximum balance limit for getting highest profit rate is Rs.
1,000,000/ Waiver of application fee for Car Ijarah & Easy Home for
accounts with minimum balance of Rs. 500,000
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Free Online Banking services at all Meezan Bank

branches nationwide
Free bank balance certificates.
24/7 Internet Banking free and instant access to your
account(s) anytime & anywhere
Personal financial consultancy services.
CERTIFICATE OF ISLAMIC INVESTMENT:

The Riba Free Certificate of Islamic Investment Certificate is a
Shariah compatible investment certificate with a minimum
investment of Rs. 50,000 and tenures from 3 months to 5 years.
Profit on investment may be earned on the following basis:
Monthly profit on 1, 2, 3 and 5 years (Minimum Investment
Rs. 200,000)
Quarterly profit on 1, 2, 3 and 5 years
At maturity profit payment for all tenures
Withdraw your investment any time during the course of your
investment.
(Profit shall be paid only after completion of one month of
investment)
Riba-Free Certificate of Islamic Investment (COII) works under the
principles of Mudarabah and is strictly in conformity with the rules
of Islamic Shariah. Profit calculation and all banking transactions
are in strict adherence to the Islamic Shariah, monitored by our
Shariah Advisor and the Shariah Supervisory Board.
Invest in Certificate of Islamic Investment:
Riba-Free COII is available at all branches of Meezan Bank Ltd. We
invite you to visit any of our branches to experience the comfort
of our personalized service. To make an investment the bank
requires customers to maintain either a current or a saving
account with Meezan Bank. In order to open an account, fill in the
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Account Opening Form, bring in the required documents, and get

introduced by an existing banker.
Enjoy a range of valuable features including:
High and very competitive returns

Long-term security ensured
Pre-mature withdrawal options available
Free Online Banking services at any of our branches
MEEZAN AMDAN CERTIFICATE:

The Riba-Free Meezan Aamdan Certificate (MAC) is a long-term
deposit certificate with an exceptionally high monthly profit
designed especially for those individuals and corporations who
are in need of regular stream of monthly income. MAC is a
monthly income (mahana aamdani) certificate with a variety of
free packaged benefits.
Working under the principles of Mudarabah, the Meezan Aamdan
Certificate and is strictly in conformity with the rules of Islamic
Key Features:

Ensured Long-term security
Minimum investment amount: Rs. 100,000/Special attraction for Widows and Senior citizens with
minimum investment of PKR 50,000/ Available tenures of 5 years and 7 years
Profit payment on monthly basis.
Pre-mature withdrawal options available.
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Free cheque book

Free ATM withdrawals on investment of Rs.500, 000/- and
above ( 5 per month)
nationwide
Free Internet banking facility
Specialized 8 to 8 banking at selected branches
MONTHLY MUDARBA CERTIFICATE:

Riba Free Monthly Mudarabah Certificates is a flexible rupee
based investment which has been designed to give you a monthly
return. The minimum investment required is only Rs. 100,000 and
you receive profit for each complete month of investment with the
Bank.
Working under the principles of Mudarabah and in strict
conformity with the rules of Islamic Shariah, the Profit calculation
of Monthly Mudarabah Certificates and all other banking
transactions are in strict adherence to the Islamic Shariah,
monitored by our Shariah Advisor and the Shariah Supervisory
Board.
The weightages used for profit calculation of the Monthly
Mudarabah Certificate are in the following tiers:
Rs.
Rs.
Rs.
Rs.
Rs.
Rs.
100K up to Rs. 4.99 Mn

5.00 Mn up to Rs. 9.99 Mn
10 Mn up to Rs. 49.99 Mn
50 Mn up to Rs. 99.99 Mn
100 Mn up to Rs. 499.99 Mn
500 Mn & above
During your relationship with us, you would be entitled to
receive the following additional benefits.
A 100% halal investment in strict compliance with Shariah
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Monthly profit payment to your current or saving account

with us
Bank balance certificates
Specialized 8 to 8 Banking and Ladies Banking at selected
branches
MEEZAN PROVIDENCE CERTIFICATE:

Meezan Providence Certificate is a long-term investment
certificate specially designed to cater to the needs of corporate
and business concerns for purposes of investing their Provident,
Pension and Gratuity Funds.
As any prudent investor, your main concerns would be total
security along with the best returns possible, especially as these
funds are a trust from your employees and one that bears an
important responsibility.
Meezan Providence rests on the well-known and solid financial
strength of Meezan Bank, which has a strong and credible balance
sheet with excellent operating profitability, including a capital
adequacy ratio that has placed the Bank at the top of the
industry, a long-term entity rating of A+, and a short-term entity
rating of A1. Furthermore, our sterling track record shows
consistently beneficial and highly competitive returns for our
broad range of investors.
Finally, comes the benefit of truly Halal returns, a benefit you may
not have had the opportunity to enjoy before and one that you
can now pass on to your employees, many of whom would be
grateful for such an opportunity.
Riba-Free Meezan Providence Certificate (MPC) works under the
works under the principles of Mudarabah and is strictly in
conformity with the rules of Islamic Shariah. Profit calculation and
26
all banking transactions are in strict adherence to the Islamic

Shariah, monitored by our Shariah Advisor and the Shariah
Supervisory Board.
Key Features:
A 100% halal investment in strict compliance with Shariah

High Returns
Long-term security ensured
Minimum investment amount: PKR 1,000,000
Available tenures of 2, 3, 5 and 7 years
DOLLAR MUDARABAH CERTIFICATE:

The Riba Free Dollar Mudarabah Certificate is a flexible dollar
based investment which has been designed under the principles
Shariah.
The Certificate works under the principles of Mudarabah and is
strictly in conformity with the rules of Islamic Shariah. Profit
calculation and all banking transactions are in strict adherence to
the Islamic Shariah, monitored by our Shariah Advisor and the
Shariah Supervisory Board.
Key Features:
Six monthly profit payment to your current or saving account
with us
Long-term security ensured. Minimum investment amount:
USD 10,000/ Available tenures of 3 months, 6 months, 1 year, and 3 years
27
CAR IJARAH-AUTO FINANCE:

Car Ijarah, Pakistans First Islamic Car Financing
As a step towards Meezan Banks mission to provide a one-stop
shop for innovative value added Shariah compliant products,
Meezan Banks Car Ijarah unit provides a car financing, based on
the principles of Ijarah and is free of the element of markup.
Car Ijarah is Pakistans first Markup Free car financing based on
the Islamic financing mode of Ijarah (Islamic leasing). This product
is ideal for individuals looking for car financing while avoiding an
markup-based transaction.
Meezan Bank Car Ijarah is a car rental agreement, under which
the Bank purchases the car and rents it out to the customer for a
period of 3 to 5 years, agreed at the time of the contract. Upon
completion of the lease period the customer gets ownership of
the car against his initial security deposit.
Car Ijarah also features Used Vehicles!
In addition to our leasing of new cars, Meezan Bank also provides
the unique opportunity of leasing second hand, both locally
assembled and imported vehicles. This feature is specifically
designed as a highly economical option. The Used Car Ijarah
facility is made available at a minimum-security deposit as low as
20%. Financing of used cars are subject to a selection criteria.
Shariah Compliance:
Car Ijarah, designed under the supervision of Meezan Banks
Shariah Supervisory Board, is unique to car leasing facilities
provided by other banks.
28
Key Features of Car Ijarah:
Low monthly rental

Rental paid after delivery, not in advanced
Fastest processing and delivery
Tracker option available
Minimum security deposit as low as 10%
All new, used, local, imported and luxury vehicles can be
financed
Commercial Banking of Meezan Bank:
WORKING CAPITAL FINANCE:
Working Capital Finance
financing requirements)
Solutions:
(for
short
term
Parts of the wide range of Shariah complaint solutions for the

customers are Murabaha and Istisnaa, designed to meet working
capital requirements. For example, if you need finance for
purchasing raw materials for your industry or are trading in goods
then you could use Mudarabah or Istisnaa to meet your financial
needs.
Murabaha:
One of the most common modes of finance employed by Islamic
Banks, Murabaha is based on the exact requirements of each
customer. It can be defined as a sales transaction where Meezan
Bank purchases the commodity and sells it after adding an agreed
profit. Thus, it is not a loan given on markup - it the sale of a
commodity on a deferred price.
Hence Murabaha involves the purchase of a commodity by
Meezan Bank on behalf of a customer and the subsequent resale
to the customer on cost-plus-profit basis. The cost and profit
margin to the bank is expressly disclosed to the customer.
Simply put, rather than advancing money to the customer,
Meezan Bank buys the commodity from a third party and sells it
29
to the customer at an agreed price, which includes an element of

profit.
So what is the difference between Murabaha and a Sale?
A simple sale in Arabic is called Musawamah - a sale that does not
involve disclosing or referring to the cost of goods sold. However,
when the cost price is disclosed to the client, it is called
Murabaha.
Istisnaa:
Istisnaa is a sale transaction where a commodity is transacted
before it comes into existence. It is an order to manufacture a
specific commodity for the purchaser. The manufacturer (our
customer) uses its own material to manufacture the required
goods. In Istisnaa, price is fixed with the consent of all parties
involved. Similarly all other necessary specifications of the
finished product are agreed beforehand.
Istisna as a mode of financing:
Istisna Finance is used to cater for the working capital
requirements of a business involved in the manufacturing of
goods. It is ideally suited for exporters and manufacturers who
have export orders in the shape of Sight/Usance Letter of Credit/
Sight Export Contract D/P/ Usance Export Contract D/A.
PROJECT FINANCING, EXPANSION AND BMR:

Project Financing, Expansion or BMR Requirement Solutions
(For medium and long term financing requirements)
Two of the most commonly used Islamic financing solutions
availed by businesses today, Diminishing Musharakah and Ijarah
are ideal for expansion of businesses, BMR requirements or other
medium to long term financing requirements.
Diminishing Musharakah:
30
Using this financing model, Meezan Bank and the customer

participate in the joint ownership of an asset. The asset is divided
into a number of units and the customer periodically purchases
these units from the bank over a specified period. Over time, the
customer purchases all units owned by the bank, making him or
her sole owner of the asset or the commercial enterprise.
Diminishing Musharakah is most commonly used for the financing
of fixed assets, projects, homes and automobiles.
Ijarah:
In contrast to diminishing musharakah, this mode of financing is
based on the provision of the required tangible assets, such as
property, machinery, etc. on rental for an agreed period of time.
The concept is similar to leasing, which is common in
conventional banking. However there are some specific
prohibitions which render conventional leasing to be forbidden
under Shariah.
Ijarah is commonly used for long and medium term fixed asset
financing, project financing and for retail products such as homes
and automobiles.
ISLAMIC EXPORT REFINANCE SCHEME:

Islamic Export Refinance Facility:
The launch of this product made Meezan Bank the first Islamic
bank in Pakistan to offer Refinance facilities with complete
compliance to Shariah. This product provides for all the unique
requirements of exporters and is available in both Part-I and PartII as per the original Export Refinance Scheme of the State Bank
of Pakistan.
LETTER OF GUARANTEE FACILITY:
31
A complete range of products and services for importers and

exporters are available. Based on various modes of Islamic
Finance, the solutions have been designed to suit the needs of our
customers. Some of the key services offered include:
Letter of Guarantee Facility:
Products for Exporters

Export bills for collection
Export (Sight) bills purchase under Salam Arrangement
Export (Usance) bills purchase under Murabaha Arrangement
Products for Importers
Sight Letter of Credit
Usance Letter of Credit
ADVISORY SERVICES:
Realizing the increasingly diverse needs of our customers for
advisory and structured finance transactions, a specialized unit
focusing on Investment Banking has been established at Meezan
Bank. The Investment Banking department provides unique
structuring capability using complex Shariah structures for
transactions so as meet customer need. Meezan Bank as
torchbearer of Islamic Banking has made a significant contribution
in the Investment Banking industry by playing leading roles in
business transactions amounting to PKR 53 billion in the year
2007.
Key Services:
Syndication Structuring
Privatization Mandates
Mergers & Acquisitions
Advisory Services
Non-Resident Pakistani:
MONEY TRANSFER:
The Meezan Banks remittance services are simple and reliable.
They are available at your doorstep through a wide and efficient
32
network of corresponding banks worldwide. Only leading global

financial institutions form this network of correspondent banks.
Advantages of Meezan Home Remittance:
Quick Remittance in major currencies i.e. USD, GBP, EUR,
JPY, CHF, SGD, AUD
Extensive branch network in all major cities of Pakistan
Instant online transfer within our branch network without any
charges
Free Internet banking facility
Easy Guidelines for Money Transfer
If you wish to remit money to Pakistan, simply give instructions to
your existing bank for money transfer by providing the name of
your preferred Meezan Bank branch and beneficiary account
number.
DOLLAR MUDARABAH CERTIFICATE:

The Riba Free Dollar Mudarabah Certificate is a flexible dollar
based investment which has been designed under the principles
Shariah.
The Certificate works under the principles of Mudarabah and is
strictly in conformity with the rules of Islamic Shariah. Profit
calculation and all banking transactions are in strict adherence to
the Islamic Shariah, monitored by our Shariah Advisor and the
Shariah Supervisory Board.
Key Features:
Six monthly profit payment to your current or saving account
with us
Long-term security ensured. Minimum investment amount:
USD 10,000/ Available tenures of 3 months, 6 months, 1 year, and 3 years
33

DOLLAR SAVING ACCOUNT:

Meezan Bank is pleased to offer Riba-Free Dollar Saving Account,
a foreign-currency based investment opportunity that is set up on
the principles of Shariah and as a result is free from the element
of markup.
With a minimum of only $100 you can open a Dollar Saving
Account with us under a Mudarabah arrangement that is strictly in
conformity with the principles of Islamic Shariah. The return
earned on the Mudarabah pool is calculated every month and the
profit ratio for all investors is declared at the beginning of the
month. If you maintain a minimum average monthly balance of $
500, you shall be eligible to receive profits that shall be disbursed
to you every month.
Apart from first class service and personalized attention that our
customers get when they bank with us, we offer the following
additional conveniences to our customers:
Personalized cheque books

No restriction on withdrawals or number of transactions.
Monthly profit payment
Taking stop payment instructions
Taking hold mail instructions
Issuance of duplicate statement of account
MEEZAN BANK TREASURY:

34
Meezan Banks treasury is guided by Shariah with the objective of

reviewing, streamlining, and controlling the banks domestic and
international treasury related operations. Treasury caters to the
branches and customers for their entire foreign exchange
requirement with efficiency and professionalism. Ready/ spot as
well as all forward cover services are provided to
branches/customers within Shariah guidelines. Customers are also
provided advice on a regular basis about the currency movement
by our dealing room augmented by market outlook (without any
commitment & obligation)
Treasury has enhanced its market activity with increased depth
and enhanced volumes, making an impact in the inter-bank FX
market. Due to its good relationship with other treasuries, the
institution has the ability to generate sufficient amount of liquidity
at a time through inter-bank market on Shariah-approved
Musharaka basis.
Meezan Bank conducts Commodity Murhaba transaction to
optimize its returns on its dollar portfolio, besides participating in
local/ international sukuk issues, e.g. WAPDA, Qatar, Dubai
sukuks, etc. This treasury is the only treasury in Pakistan with a
mandate to provide Shariah compliant investment opportunities
in capital market that provides halal income ultimately to
shareholders
Treasury Contact Details:
Amal Zehra (Corporate Dealer):
amal.zehra@meezanbank.com
Ahmed Usman Sheikh (Corporate Dealer):
ahmed.sheikh@meezanbank.com
Osama Niaz Ahmed (Dealer, Interbank):
osama.ahmed@meezanbank.com
Zia ur Rehman (Senior Dealer, Corporate Treasury):
35
zia.rehman@meezanbank.com
Raza Zaidi (Dealer, Interbank)
raza.zaidi@meezanbank.com
Murad Dhanani (Senior Dealer, Corporate Treasury):
murad.dhanani@meezanbank.com
Sara Saiyed (Chief Dealer, Interbank):
sara.saiyed@meezanbank.com
Mr. Yasir Ali Khoso (Dealer, Interbank):
yasir.khoso@meezanbank.com
CREDIT ADMINISTRATION DEPARTMENT:

The chairman of the Bank in his review for 2007 annual report
define the credit policy of Bank as:
CONSERVATIVE YET DYNAMIC CREDIT POLICY
OBJECTIVE:
The overall objective of the department is to provide independent
assurance to branch management and head office credit
monitoring division that lending activities are properly controlled
and monitored.
FUNCTIONS:
Documentation
Lodgment of documents and cash collateral
Reimbursement audit certificate
Limit input in bank smart
Post disbursement monitoring
Monitoring of irregular doubtful and bad debts
Reporting
Here it is necessary that we must have an overview of at least the

most important documents that are relevant to this department.
36
DOCUMENTATION:
Sanction advice
Facility offer letter
General documentation
Standard charge documents
Legal document pertain to properties
Cash collateral
Charge with SECP
Other securities
Insurance covers
Guarantees
Now we discuss above separately.
Sanction advice
A type of document which is made when the senior officer of bank

discuss all the confidential terms & condition that the demanded
facility should be provided or not so we can say that it is a day of
final decision that facility should be provided or not. At that time
borrower worthiness is checked according to that decision made.
Facility offer letter:
When this is decided that loan should provided to borrower than
branch made facility offer letter that what type of facility should
be provided & document are required from borrower according to
this facility.
General documents:
After facility offer letter general document are checked these
document consist of
Complete account opening form
Facility request letter
BBFS
CIB
37
Credit opinion
Search report
Audited /unedited financial
Borrowers profile
Checklist of state bank regulation
Board resolution to borrow
Memorandum and article of association
At this stage all the past records are checked & verified to ensure
that past record of the borrower matches with data provided in
request letter. The most important document, which is checked is
CIB report. In this report all the past loan of borrower are showed
and their repayment record is also mentioned. The company
polices are also collected and their aim is checked that whether
the company is working in the same direction which it has
mentioned.
Standard charge document

CF (Current finance)
TF (Term finance)
FAPCI (Finance against packing facility)
FAFB (Finance against foreign)
LBP (Local bill purchase)
FBP (Foreign bill purchase)
SLA (Sight letter of credit)
ULE (Usance letter of credit)
FIM (Finance against import)
FATR (Finance against trust receipt)
GUARANTEE:
In this stage we see that what type of facility he or she want to
take or what type of facility he or she already have. Is the
requirement according to nature of business &all facility term &
condition are change accordingly to that.
Legal document pertain to properties
Title deeds
38
Copy of record of rights

Copy of mutation
NEC
PTI
AkS shajra
Site plan
Valuation
Site visit report
Power of attorney
Agreement to create mortgage
Token mortgage
Pre-disbursement lawyers opinion
Perfection certificate of lawyer
These all documents are taken from borrower & bank make a file
of these documents. These documents are most because when
some time bank have to take legal action against borrower then
bank know that who are the owner or partner of the company
what property is for mortgage its paper are taken and these all
the things are provided to bank own lawyer which finally decided
that is everything right and he make a certificate or borrower can
bring this certificate himself from the recommended lawyer of
bank.
Cash collateral
Lien on deposits
Lien of deposits
Guarantees
Personal guarantees of borrower
Personal guarantees of mortgagors
Counter guarantees
Cross corporate guarantees
Guarantees are most important thing because in this document it

is written that who is responsible in case of default. Personal
Guarantees are consider most important because mention person
has to pay whenever he is alive.
39
CAR IJARAH:
OBJECTIVE:
The main objective of the car finance department is to finance all
the cars manufactured or assembled in Pakistan at a very
reasonable markup.
THE PRODUCT:
I have presented the procedure of car finance department in
question answer form because in my opinion it will better explain
the whole of the procedure.
Can I avail the car loan facility?
Yes, you can avail the car loan facility from Meezan Bank to
purchase a brand new car if you are:
Pakistani national identity card holder
Over 20 years of age maximum 60 years in case of salaried
and 62 is case of a businessperson at the time of maturity of
the loan.
Salaried, businessman or self employed.
Which cars can I apply this loan for?
All brand new
(unregistered)
Pakistani
assembled
manufactured
cars
How much loan facility can I avail?

Minimum amount is Rs 200,000/- and maximum is Rs.2000,000/What is the period of loan?
The loan can be availed from 1 year to 5 years with early
adjustment facility at any time before the maturity.
How much initial down payment do I have to make?
20% of the value of car
40
What other charges do I have to pay?

You have to pay one time fee of Rs 3000/- being amount of
processing and documentation charges and first years insurance
premium.
Who will insure the car?
Meezan Bank has made arrangements with the top insurance
companies who are offering special lowest insurance rates for
Meezan Bank clients.
How do I repay the loan?

You will repay the loan by making easy equal monthly
installments to Meezan Bank in the form of post-dated cheques.
Can I repay the loan before the maturity?
Yes, you have the option to repay the loan at any time during the
tenure of the loan.
What is the security of the loan?
The car is the security, which will be hypothecated in the favors of
bank and a lien will be marked with the register.
What if I want the car in the name of my family member?
You can include your spouse, children (18 years and above) or
parents as co applicants for the car loan and the car can be
registered in the names.
What documents
sanctioned?
are
required
to
get
car
loan
Our representatives will discuss the documents you are required

to submit in detail. An indicative list is given below:
Two passport size photographs
Copy of national I.D card
41
Bank statement for last six months

Salary certificate (in English) specifying the name, date of
joining, designation and salary details (for salaried
individuals)
Business proof (for a business person)
Current utility bill of your residence in Pakistan
Copy of the national ID card of the co-borrower (if the car is
to be in the name of the co-borrower)
How is it difficult from other financing schemes available
in Pakistan?
Easily affordable & flexible installments

Flexibility of adjustment at any time during the tenure
Quick processing
Minimum down payment
Minimum insurance
What is the first step I need to take?

Call or visit ort ask your family member to visit any of our
branches in Pakistan
This was the whole concept which is clearly defined here .now the
details of the application form are given that what is included and
what is needed to be filled in the form under the following heads:
Personal details
Full name
Fathers/husband name
Date of birth
National ID card no
National tax no
Marital status
No of dependents
Educational qualifications
Current residential address
If rented, monthly rent
42
Residential telephone no
Residential status
Type of accommodation
Residing since
Permanent home address
Personal mobile ph no
Existing car
Make and model of current car
Car status
Employment details (for salaried individuals)
Name of present employer

Address
Current designation
Employed since
Business telephone no
Fax no.
Official mobile no.
Previous employer
Name of the employer
Address
Last designation held
Service tenure
Office telephone no
Fax no.
Business details ( for professional
individuals )
Name of business
Nature of business
Constitution of firm
Address
Established since
Registered with
National tax no
and
self-employed
43
Business telephone no
Mobile phone no
Income details
Regular monthly gross income
dependents)
Guaranteed bonus
Other monthly income
Source of other monthly income
Average monthly savings
(cost
of
equitation
of
TREASURY AND INVESTMENT:

Money Market:
Short term money market inter-bank trading.

Active Treasury Bills trading in secondary market.
Forward forward inter-bank money market trading.
Money market linked lending to and borrowing
corporate clients.
from
Foreign Exchange Market:

Active trading in ready and forward USD/PKR.
Active quotations of foreign exchange rates in fifteen major
currencies.
Information in respect of prevailing rates of most of the
currencies of the world for corporate clients and individuals.
Forward Forward foreign exchange rates of USD/PKR.
Active swap trading in USD/PKR and other major currencies
such as EUR, GBP, JPY and CHF.
Investment:
Active
Active
Active
Active
Investment in treasury bills (TBs).

Trading in Pakistan Investment Bonds (PIBs).
investment in Certificate of Investment (COIs)
investment in Terms Finance Certificates (TFCs)
Government Securities:
44
Efficient service for individuals and corporate clients for buying

and selling govt. securities on their appropriate requests.
Custodianship:
Investment Securities Portfolio Accounts of Customers for holding
on their behalf Treasury Bills, Pakistan Investment Bonds.
Financial Advisory Services:
Briefing on current information available in market in respect of
prevailing rates of USD/PKR.
Briefing on current information available in market in respect of
foreign exchange rates of major foreign currencies.
Future expectations and sentiments on major foreign currencies
including Pakistani Rupee.
ONLINE BANKING:
Meezan Bank now offers the facility of on-line banking to its
customers through its countrywide network of branches.
Customers can use the ATMs or the banking counters of any
branch for day-to-day banking needs, irrespective of branch
where they maintain their accounts.
For Corporate customers centralized Cash Management facility is
also offered through on-line banking.
PHONE BANKING:
"Meezan Phone banking is available to all customers on a
countrywide basis. Customers can dial 111-225-111 (without any
city code/prefix) from their respective cities i.e. 21 cities where
Meezan Bank is present, and get prompt services from the
Centralized Phone Banking Services.
Customers enjoy 24x7 Round the Clock Phone Banking Services.
45
Meezan Bank is the first bank in Pakistan to offer Centralized UAN

connectivity
from
21 cities to its Call Center with Hunting & ACD facilities.
HOME FINANCE:
PRODUCTS OF HOME FINANCE
Buy Your Home
With this facility, you no longer need to just dream about the
home you want for yourself and your family .We will provide you
up to Rs: 7.50 million or 70% of the purchase price of the property
(whichever is less), so that you can realize your dream and enter
the
reality
of
owning
a
home!.
Payment period ranges from 3 to 20 years
Build Your Home
Family! No problem. We will provide you up to Rs:7.50 million, or
70% of the estimated value of constructed property to enable you
to say good-bye to rent forever! Even You have a plot, and need
finance to construct a home, which excites everyone in your if you
don't have a plot, we will provide you up to 60% of the value of
the plot that you have selected to purchase! Do we excite your
imagination?
Payment period ranges from 3 to 20 years.
Renovation Your Home
You already own a home, but need extra space for a growing
family. Simply apply for financing of up to Rs: 2.50 million or 30%
of the surveyed value of your home (whichever is less) and get
yourself the extra space. You can stretch payments for up to 7
years
Start it Together
The crown jewel of our Home Finance Scheme, the golden
opportunity for someone starting a career to buy an already
constructed housing unit so early in life! We offer a moratorium of
up to 3 years in Principal payments, for a financing of up to 20
46
years. You service only the mark-up element initially, and

principal repayment starts after the end of monitories period.
Home Start is specially designed for young people to have thereown home
Transfer
Does your existing installment on a home finance leave you with
nothing to spend? You need not worry anymore because we have
genuinely low rates and payment options that could leave more
funds with you each month. With our BTF, repaying your home
finance will not make you break into a sweet! Transfer up to Rs:
7.50 million or 100 % of the existing finance, whichever is less.
Stretch your repayment period for up to 20 years again.
Steps To Arrange a Home
We provide you with all the information you need about Meezan
Bank Home Finance. This can be through a face-to-face meeting
with our Relationship Officer, or over the telephone, or through
the post.
You give us some basic information about your income and the
amount you need so that we can give you an agreement in
principle.
Once you have decided on the amount you want, you complete
an application form and pass it on to us, together with the
required documents.
We make some inquiries about your financial circumstances.
We carry-out a valuation of the property and verification of your
income
Once we have carried out all the initial processing, we send you
our
offer
through a Facility Advice Letter.
You sign the Facility Advice Letter and return it to us.
Our Documentation Control Center will get in
touch with you to
complete Finance & Security documentation including legal
47
opinion on the title, documents of the property and also the

insurances.
You sign the Finance Agreement and Charge documents.
Our legal advisor will accompany you to the Registrars office on
the appointed date with our cheque against the financing for
conveyance of the property and your home finance begins.
MUSLIM COMMERCIAL BANK:

MCB is among the oldest banks of Pakistan. It was incorporated in
1947. It was among those private banks that were nationalized in
1974. Nationalization had drastically impacted its performance as
it affected the quality of loan portfolio and services. Eventually, it
was privatized in 1991 and is currently owned by the Mansha
group. Post privatization, MCBs focus has been on aggressive
cost reduction.
MCB has a network of over 1000 branches across Pakistan, of
which, around 750 are automated. The bank offers various
services to its consumers, including personal banking, corporate
banking, virtual banking, Islamic banking and other services. In
this rapid expanding banking sector, MCB has been performing
well to compete with its rivals. MCB has won the "Best Bank of
Pakistan" award for the 5th time from 2001 to 2006.
During the year 2008 the bank continued to make strong progress
in spite of the difficult market conditions. Revenues grew strongly
and considerable advancement due to expanding our assets base.
A number of strategic actions have been taken ensured that MCB
is having well position for the future and are able to excel in the
year to come. In 2008 bank awarded best bank in Asia by Euro
money.
Further the BOD of the bank taken steps to improve governance
in the bank introducing good policies.
Bank Rating:
48
The bank has made an extraordinary effort to reduce its

dependence on debt, as a source of finance. Debt management
figures reveal that the bank has 96% of its assets financed by
debt in 2003. However, it had reached a very high level and there
is always a potential to fall back from heights, it has been the
case with MCB as it had to reduce its dependence on heavy debts.
Furthermore, debt to equity ratio suggests a tremendous recovery
by MCB to improve its credit rating up to AA+ in long term and
A1+ in short term.
History of MCB:
It all started in 1838...
A group of traders, led by James Blyth, see the need for a second
bank in Mauritius. They establish 'La Banque Commerciale de
Maurice' which starts business on 1 September 1838 in premises
situated at the Rue de Paris (now Sir Seewoosagur Street) in the
capital, Port Louis. In 1839, Queen Victoria grants a Royal Charter
to the newly established bank for a period of twenty years under
the name of 'The Mauritius Commercial Bank' (MCB). The charter
is renewed every twenty years until 18 August 1955 when the
Bank becomes a limited liability company. Five years later, it
moves to the current location of its headquarters at Sir William
Newton Street (at the time, Rue de l'Eglise).
The early years:
The first hundred years are rough and the Bank encounters
serious financial difficulties on several occasions. In spite of
various national financial crises, fierce competition over the years
from ten other commercial banks, two world wars and natural
catastrophes, MCB succeeds in expanding its activities, trebles its
capital and opens its first branch in Curepipe in 1920.
Building a network:
Curepipe is the first step in the weaving of a nationwide network.
MCB has become the first bank to set up branches in rural
locations: Mahbourg in 1955, Flacq in 1958, Triolet in 1959,
49
Goodlands in 1963... Today, the network consists of 40

strategically located branches and helps assert the Bank's
leadership
in
the
retail
market.
Helping businesses grow:
MCB has always been dedicated to helping people with ideas
become entrepreneurs and businesses grow. The Group has been
the lynchpin of the country's economic development. Drawing on
its intimate local knowledge and business relations, the Bank has
supported agriculture, trade and industry. Since the country's
independence in 1968, however, the Bank has amplified its
response to the more varied and diverse needs of the country.
MCB has thus been crucial in ensuring the take-off of a number of
sectors which were, at inception, considered either unfashionable
or risky. From tourism to textiles, local manufacturing to Freeport
activities, from information & communication technology (ICT) to
seafood, MCB has always been present to support bright ideas
and turn fledgling segments into pillars of the economy.
Pioneering innovations:
MCB has achieved several market firsts throughout its
history: ATMs, mobile points of sale, junior savings accounts,
SWIFT, TCR machines, phone, Internet Banking and mobile
Internet Banking among others.
A regional leader:
With a dominant market position on the local side, MCB is well
inspired to expand beyond the shores of Mauritius as early as
1991. Today, on the strength of its sustained international
expansionary drive and regional rebranding initiatives, the MCB
brand is visible in Madagascar, Maldives and Seychelles. The
Group has also consolidated its presence namely in Runion,
Mayotte and Paris through its associate, BFCOI and in
Mozambique via its other associate Socit Gnrale
Moambique. MCB opened representative offices in Paris (France),
Johannesburg (South Africa) and Nairobi (Kenya). Moreover, the
Group is actively involved in project and trade financing in various
50
countries of the sub-Saharan region, while being engaged in other

markets such as India.
Beyond banking:
In line with its strategy to diversify its markets, MCB expanded
into non-banking financial services, a sector where it is now
considered as a benchmark player. A comprehensive range of
investor services is offered by MCB Capital Markets Ltd and
specialty driven subsidiaries. In addition, MCB also proposes
leasing and factoring solutions.
The Bank of Banks:
MCB is also actively pursuing its market development drive on the
basis of its 'Bank of Banks' strategy, positioning itself as a
regional focal point for handling trade finance, payments and
cards operations outsourcing, amongst others.
Gearing up for the future:
Pursuant to the restructuring exercise which was initiated in 2014,
the subsidiaries and associates of MCB Group Ltd operate under
three distinct clusters, namely Banking, Non-banking financial,
and Other investments. While MCB Group Ltd is the ultimate
holding company of the Groups entities, MCB Investment Holding
Ltd, which is a wholly-owned subsidiary of MCB Group Ltd, acts as
the holding company of all the banking investments of the Group,
namely MCB Ltd and the foreign banking subsidiaries and
associates. After the transfer of non-banking entities back in June
2014, Investments in MCB Seychelles and MCB Maldives have
been unbundled from MCB Ltd to MCB Investment Holding Ltd
(MCBIH) in December 2015, after approval has been obtained
from the national authorities. For its part, the transfer of
investments in MCB Madagascar to MCBIH is expected to be
finalized soon. As from October 2015, Socit Gnrale
Moambique (formerly known as MCB Moambique) has become
an associate of MCB Group Ltd.
Mission Statement:
51
MCB Banks team of committed professionals is dedicated to

maintaining long term customer relationships through outstanding
service and convenience
Products and Services of MCB:

Deposit Services:
MCB Bank offers a wide range of local and foreign currency
deposit products to best meet your needs.
Whether you want to save for that rainy day or something special,
our SAVING DEPOSIT portfolio is designed to provide you with
ease
and
comfort
for
all
your
savings.
For those seeking to grow their savings over the longer term with
guaranteed returns, may resort to our TERM DEPOSIT product
offering with various tenor options and different profit pay-out. For
complete day-to-day banking needs, MCB CURRENT DEPOSIT
menu is designed to provide you with transactional convenience
and flexibility for all your financial dealings.
Current Deposit:
We offer a broad range of Current Deposit products, in PKR &
foreign currencies, tailored to your needs. Our products help you
better manage your money by ensuring convenience and freedom
for you to bank from a wide network of our branches and various
remote channels. We save your time while offering greater peace
of mind.
Following are the products that may suit your needs:
Current Account
Business Account
MCB Salary Current Account
Foreign Currency Current Account
Current Account:
Key Features:
52
Minimum balance requirement PKR 10,000

Unlimited cash withdrawals and deposits
Self Service Channels
Automated Teller Machine (ATM)
Call Center
Internet Banking
Mobile Banking
SMS Alerts
Business Account:
Key Features:
Minimum monthly balance PKR 50,000
Unlimited withdrawals & deposits
Free Services:
Unlimited Intercity Deposits

Unlimited Intercity Withdrawals
Unlimited Intercity Account-to-Account Transfers
Up to 15 Free Bankers Cheques / Month
Unlimited Bankers Cheques Cancellation
1 Free Cheque Book (50 Leaves) / Month
Unlimited Duplicate Bank Statements
Free SMS Alerts
Free RTCs
MCB Salary Current Account:
Key Features
A unique payroll account for employers
Lucrative discounts & waivers on banking facilities
No minimum balance requirement
Free Services:
Online Intra city Deposits, Withdrawals & Funds Transfer
Online Intercity Deposits, Withdrawals & Funds Transfer
Internet Banking
53
SMS Alerts
Duplicate Bank Statements
Bankers Cheque
Cheque Book
VISA Debit Card Issuance
Bank Certificate
Standing Instruction
Call Center
Internet Banking
Mobile Banking
SMS Alerts
Foreign Currency Current Account:

Key Features:
Open your account in US Dollar, UK Pound Sterling or Euro

Open for as little as US$ 500 or equivalent
Call Center
Internet Banking
Saving Deposit
We offer you a wide array of saving products that suit your shortterm growth and transactional needs. Our products, in PKR &
foreign currencies, offer attractive profit rates giving you tiered
profit payment options and different profit payment frequencies.
Saving Account
365 Saving Gold Account
Saving Xtra Account
MCB Salary Gold Account
Foreign Currency Savings Account
54
Saving Account:
Key Features:

Attractive saving rates
Call Center
Internet Banking
Mobile Banking
SMS Alerts
365 Saving Gold Account:

Key Features:
Tiered product for high depositors desiring high return

Competitive rates*
Call Center
Internet Banking
Mobile Banking
SMS Alerts
Saving Xtra Account
Key Features:
Tiered product offering higher return to high ticket customers

Competitive rates*
Call Center
Internet Banking
Mobile Banking
SMS Alerts
MCB Salary Gold Account:

55
Key Features:
A unique payroll account for employers
Lucrative discounts & waivers on banking facilities
No minimum balance requirement
Free Services:
Online Intra city Deposits, Withdrawals & Funds Transfer

Internet Banking
SMS Alerts
Bankers Cheque
Cheque Book
VISA Debit Card Issuance
Call Center
Internet Banking
Mobile Banking
SMS Alerts
Foreign Currency Saving Account:

Key Features:
Currency options of USD, GBP and EUR

Tiered product - higher returns on higher deposit
Competitive rates*
Call Center
Internet Banking
Mobile Banking
SMS Alerts
Term Deposit
Our Term Deposit products, in PKR & foreign currencies, offer

attractive short to mid-term investment options with flexibility,
56
convenience and security. Various tenor options available so that

you can choose the one that suits your needs. With different profit
pay-out options and added credit facility our Term Deposits are an
answer to your investment needs.
Flexi Deposit Account

Mahana Profit Account
Special Foreign Currency Term Deposit
MCB Higher Mahana Profit Account
Flexi Deposit Account:

Key Features:
Profit payment options " quarterly, semi-annually,
annually or at maturity"
Flexible tenor options of upto 5 years
Competitive rates*
Call Center
Internet Banking
Mahana Profit Account:
Key Features:
Profit payout on a monthly frequency

Flexible tenor options of up to 5 years
Competitive rates*
Call Center
Internet Banking
Special Foreign Currency Term Deposit:
Key Features
Tenor options of 3 months, 6 months and 1 year
Competitive rates*
57
Call Center
Internet Banking
MCB Higher Mahana Profit Account
Key Features:
Profit Payment Options: Monthly
Tenor options: 3 Yrs. & 5 Yrs.
Rates:
6.10% for 3 Years
7.55% for 5 Years
Self Service Channels:
Call Center
Internet Banking
SME Products:
Deposit Products:
MCBs Deposit menu offers products & convenience for SMEs &
other business entities. While companies can choose from the
vast list of products depending upon its need and requirement, 3
products have been designed specifically to cater financial
requirements of business entities which are:
MCB Business Account:
A Current Deposit Account that offers a wide range of unlimited
free transactions and services to cater to the business needs such
as intercity withdrawals / deposits, Funds Transfer, Cheque book,
Bankers Cheque, Duplicate Bank Statements, E-Statements,
Rupee Traveler Cheques (RTCs), etc.
MCB 365 Savings Gold Account:
Offers exclusive rates for the high savers without any transaction
restrictions.
MCB Salary Club Account:
58
A unique product offering targeted towards organizations to

manage payroll by getting the employee accounts opened with
MCB Bank. MCB Salary Club Account has both Current and
Savings variants on which the employees can avail free benefits &
discounts on various services.
Financing Products:
MCB provides loans to Small and Medium Enterprises to meet
their working capital and business expansion requirements to all
sectors of SME, which meet policy requirements. These facilities
are available across Pakistan.
Working Capital Facilities:
MCB Bank offers a diverse mix of financing products aimed at
meeting working capital requirements of its clients. Non Fund
based facilities including LCs, LGs Bid Bonds, Performance
Bonds, Shipping Guarantees etc. are also provided taking into
account customers business requirements
Lending Products:
MCB Bank offers an array of lending products catering to your
business needs in affordable & convenient ways, under
international & local regulatory framework. We provide funded &
non-funded finance facilities to take care of short-term & longterm business needs of all segments including Small and Medium
Enterprises (SMEs), middle-markets & agriculture sector.
Funded Facilities:
Working Capital Financing

Export Re-Financing (under State Bank of Pakistan Scheme)
Agriculture Financing
Term Loans
Non-Funded Facilities:
Letters of Credit
Standby Letter of Credit
59
Guarantees
Trade:
MCB Bank offers wide range of trade products catering to your
business needs in affordable & appropriate ways, under
international & local regulatory framework. These products are
offered through a wide network of branches. A large
correspondent network across the globe and strong Treasury
further enhance the strength of Trade Services.
Trade sale activities are being carried out through specialized
trade desks in trade specific branches where a dedicated team of
professionals, well equipped to deal with conventional as well as
advanced features of International trade, is available. This process
includes proactively seeking out business opportunities and
handling end to end customer requests. These trade desks play a
pivotal role in ensuring the fact that MCB Bank has a strong
connection with its customers.
Trade operations are processed through 8 structured Trade
Services Centers across Pakistan technologically equipped to
manage large volumes of transactions with minimum turnaround
time.
We provide funded & non-funded finance facilities to take care of
short-term & long-term business needs of all segments including
SMEs, middle-markets.
Trade Products:
MCB Bank offers a wide range of products and trade related
services for its valuable customers to choose from.
Import Services:
Below is a list of few services MCB Bank provides to help any
business having importing needs:
1. Import Documentary Credits (LCs) both Inland and Foreign
Sight
60
Usance
2.
3.
4.
5.
6.
7.
8.
Back to back Documentary Credits (LCs)

Standby Documentary Credits (LCs)
Documentary Collections
Shipping Guarantees
Import Contract Registration
Open Account Transactions
Import Advance Payments
Export Services:
We can help your export business through any one or combination
of following products being offered through wide network of our
branches.
1.
2.
3.
4.
5.
Documentary Credit (LC) Advising

Documentary Bills Drawn Against LCs
Documentary Collections
Documentary Credit (LC) Confirmation
Export Advance Payments.
Trade Financing:
1. Bill Purchase /Negotiation
Inland
Foreign
2. Foreign Currency Bill Discounting
3. Bill purchase under Bank Validation
4. Foreign Currency Export Finance
5. Finance Against Packing Credit
6. Finance Against Foreign Bills
7. SBP Export Refinance (Part-l and Part-ll)
8. Finance against Imported Merchandise
9. Finance against Trust Receipt
10. Foreign Currency Import Finance
11. Import Avalisation
Rupee Travelers Cheque:

61
MCB Bank has been at the forefront of providing its customers

with new and innovative products and financial instruments that
are safe, secure and profitable.
MCB Bank Rupee Traveler's Cheques (RTC) were first introduced in
1993 as safe cash for traveling and travel related purposes. The
product has been extremely popular and is preferred over cash by
customers while travelling and in all walks of life.
MCB Bank Rupee Traveler's Cheques- The safest way to Carry
Cash
Rupee Travelers Cheques Features:
Easily available: Buy them from any of the designated branches in
Pakistan.
As good as cash: MCB Bank RTCs are safe to carry and can be
used without any inconvenience especially by Travelers.
Easily encashed: At any designated MCB branch.
Easily refunded: in case of loss or theft, you can get the full
amount back.
Exclusive security features: Due to special printing and safety
precautions, Cheques cannot be duplicated.
Denominations: Available in denominations of Rs 1000, Rs 5000,
Rs 10,000.
Validity: 10 years from the date of purchase.
Customer Service Facility: +92 21 111-000-123.
More than 900 MCB Bank Authorized branches are selling and
purchasing Cheques all over Pakistan.
Services:
Agriculture Financing:
MCB Bank is financing agriculture sector since 1973. Due to large
branch network and specialized staff posted in the branches, MCB
62
Bank caters to the financing requirement of the farming

community spread throughout the country and facilitates in
achieving increased productivity.
MCB Bank has reinvigorated its agri financing products. Agri
financing facilities are available throughout the country at
designated Lending Branches. All types of financing is available
for short, Medium and Long term depending upon farmers choice
and the nature of finance. MCB Bank gives top priority to small &
medium size farmers so that they could be protected from the
exploitation of private money lenders and could get better yield of
crops.
Farmers are advised to
information & facilitation
contact
nearest
MCB
Branch
for
Agriculture Products:
Shadabi Plan
Khushali Plan
Tractor Finance
Aabiari Finance
Grower Finance
Dairy and Meet Finance
Murghbani Finance
Baghbani Finance
Mahigeri Finance
Shadabi Plan:
Shadabi Plan caters the financing needs for production activities
on the farm which mainly include seed, pesticides and fertilizers
along with provisions for miscellaneous expenses like payment of
electricity & diesel bills of tubewells, maintenance expenses for
tractors and the like items as per list of Eligible items.
Salient Features:
Financing requirement is ascertained for a period of three
years
63
Limit is sanctioned for three years on revolving basis with

one time documentation subject to annual clean up along
with markup.
Mark up is charged on the limit amount utilized by the
farmer
There is no prepayment penalty
There is no hidden cost involved
Forms & documents are provided free of cost.
Khushali Plan:
Under Khushali Plan loans/finances are allowed for farm/non farm
credits which include fixed investments/working capital
requirements. Amount of finances sanctioned depend upon the
credit requirement and collateral.
Financing for land leveling/development, heavy equipment,
agriculture machinery, vehicles/transport for agri purpose are
covered under this scheme. There may be other development
projects proposed by the farmers falling with in the ambit of agri
financing, which can be considered under this plan.
Salient Features:
Short, medium and long term financing facilities are extended.
The repayment is scheduled on the basis of farmers convenience
on annual/ biannual basis.
Tractor Finance:
To boost up the mechanized farming in the country, Tractor
Finance Scheme is introduced to offer specialized services to
farmers. Under this scheme, there is no requirement of minimum
land holding because of multipurpose use of tractor for agriculture
cum commercial. However, the repayment capacity and potential
use of tractor will be evaluated at the time of loan processing.
Salient Features:
64
All types & makes of tractors either locally manufactured or

imported can be financed. Tractor is financed for a period of five
years or earlier as per farmers choice.
Installment is on biannual basis.
Comprehensive insurance is required to be intact during the
tenure of finance
Tractor will be jointly registered in the name of the borrower
and the bank.
Tractor will remain hypothecated in banks favour till the loan
is repaid in full
Security/collateral will be required as per bank policy.
Aabiari Finance:
Under the Aabiari Finance (Irrigation Finance), financing facilities
for tube well, other wells, irrigation systems of all types including
sprinklers are covered. The purpose is to facilitate the farmers in
overcoming the shortage of water for cultivation/plantation since
water is essential requirement for crops.
Salient Features:
The requirements may differ from farmer to farmer.
Evaluation/assessment of finance will be made on case to
case basis.
The finance will be for a period to be determined on the
basis of assessment
Repayment of the loan will be on biannual basis or linked
with crop cycle
Three quotations will be required in case of machinery to be
installed
Growers Finance:
Grower Finance is a unique way of financing registered/(bonafide)
growers/farmers of sugarcane, cotton and rice(mills). The special
characteristic is that the financing facilities are extended to
65
farmers against the Mill/Factory guarantee. Fixed/floating charge

may be created on the Mill's assets and the loan is disbursed
directly to the growers. This finance is short term in nature but
the tenure may extend to eighteen months in case of growers of
sugarcane.
Salient Features:
The grower should have his account opened in MCB Branch
The BOD of the Mill should pass a resolution for financing
request addressed to MCB Bank
The charge over the assets of the company is created
KYC requirements are complete
Growers crop is hypothecated
Repayment of the loan is linked with crop harvesting
Dairy And Meat Finance
The plan is aimed at promoting the Dairy sector & meat
production in the country. The farmers are extended financing
facilities to purchase dairy animals for milk and for the
establishment of animal fattening stations to increase meat
production on commercial lines, thus enabling the farmer to
create more income.
Salient Features:
The amount of loan is assessed on the basis of the purpose
for which loan is required
The repayment of loan may be scheduled in installments on
monthly, quarterly and half yearly basis
The cash flows to be routed through MCB Bank account
The animals are comprehensively insured till the repayment
of the loan
The animals financed are hypothecated in banks' favor
Farmers supplying milk to Milk processing units like Nestle's
are covered.
Murghbani Finance:
66
Murghbani Finance covers extensively all requirements of the

poultry industry with focus on facilitating the farmers. We offer
financing facilities of all types of activities in the value chain
starting from establishment of poultry farms infrastructure to all
requirements in the process till the final out put including
marketing of the same by the farmers.
Salient Features:
All farmers engaged in non-farm activity of poultry financing
are encouraged to avail financing facilities.
The loan requirement & tenure of finance depends upon the
purpose and life of the project
Comprehensive insurance has to be arranged by the
borrower where possible
The intending borrower should be able to offer adequate
security acceptable to the bank along with Hypothecation of
stock. Scheme 2016:
Baghbani Finance:
Baghbani Finance aims at facilitating the farmers engaged in
horticulture by extending credit facilities covering the entire range
of related activities. The proposals are assessed keeping in view
the market potential and repayment capacity based on the cash
flows of the activity. The farmers are extended all type of credit
facilities required to produce fruits & vegetables of better quality.
The repayment of the loan is as per farmer convenience or linked
to crop cycle and timings of cash flows. Facilities like running
finance,
working
capital
requirements,
infrastructure
development, machinery & equipment, irrigation etc. are all
covered under this finance. Progressive farmers are especially
encouraged.
Salient Features:
The farmer/applicant should be having an account with our
branch
The purpose/project should be viable
67
Should meet all documentation formalities

Should be experienced to handle the project
security acceptable to the bank
Mahigeri Finance:
Mahigeri Finance caters to the credit needs of fish farmers
covering entire range of activities including marketing of their
produce. The loans are of short, medium and long term depending
upon the purpose. Financing for value addition process by the fish
farmers is also covered.
Salient Features:
All farmers/Fishermen engaged in non-farm activity related
to fisheries are encouraged to avail financing facilities
security acceptable to the bank
Eligibility Criteria:
The
applicant
should
be
a
farmer
&
includes
tenants/haris/individuals/partnerships
and
corporate
farms
engaged in farm or non farm activities. Minimum age limit for
individual is eighteen years (18).
The applicant should be able to offer adequate Security
acceptable to the bank. The applicant should not be a defaulter of
any other bank and must be having a clean CIB report. The
farmers should be having an account with the branch. Ladies are
eligible to avail credit facilities as co-applicant.
68
Documents Required:
Agriculture Credit Application (MF-5).

Appraisal Form (MF-46-Revised).
Report from Credit Information Bureau (CIB) if required.
Borrower Basic Fact Sheet( BBFC).
Valuation of security offered.
Legal Opinion upon security (where applicable).
Attested Copy of CNIC of Borrower.
Copy of Agriculture Pass Book or copies of rural/urban
property documents or any other security acceptable to the
bank.
Proof of having leased land in case the farmer is tenant.
Other documents/project feasibility etc as the case may be
Security:
The intending borrower is advised to visit the nearest MCB Branch
for information. This will enable him to discuss his / her
requirements and have first hand information on every aspect of
the process through face to face interaction with Agriculture
Marketing Officer (AMO), Credit Officer or Branch Manager.
Bank shall consider only those credit proposals for financing which
qualify. However, as a general rule, bank will always obtain
adequate security / collateral, in accordance with sound and
prudent banking practice, detailed as under.
a) Mortgage of Agriculture land through Pass Book system.
Note: Financial accommodation against security of third party
pass book is not permissible under rules for Agriculture Purpose
Act 1973.
Or
b) Mortgage of rural, urban or commercial property.
Or
69
c) Pledge of SSC (Special Saving Certificates) / DSC (Defense

Saving Certificates), cash collateral, securities, lien on bank
deposit.
Or
d) Any other tangible collateral security acceptable to the bank.
Or
e) Charge on Deferred Payment Voucher issued by processing
units / companies / NGOs (Non-Government Organisations) having
approved limit for issuance of Deferred Payment Voucher.
Or
f) Group Guarantee / Recognized NGOs
Organisations) offered Bank Guarantee.
(Non-Government
Or
g) Registered / Equitable mortgage or charge creation on
processing units
Or
h) Third Party collaterals may be accepted (other than Pass Book
system).
Title of the securities offered to the Bank must be clear, absolute
and
transferable.
Valuation of Properties:
The property offered as security outside the Pass Book will be
valued by bank's approved evaluators. Branch Manager / officer
personally visits the Agriculture land / property before accepting
the same as security. The Market Value / FSV (Forced sale value)
of agriculture land or rural/urban property shall also be assessed
by Branch Manager / AMM / AMO as independent inquiries to
ensure that market price is realistic and not exaggerated.
Market value of Agriculture land may be accepted (calculated by
70
revenue department) taking three years average "Baiy" of same

locality.
Lockers:
Ensuring security to your valuables, we offer deposit lockers
that you can operate in the privacy and comfort of your own
MCB branch.
Available at selected branches in cities / towns all over the
country. For details, please visit your MCB branch
Lockers available in Small, Medium and Large sizes
Fixed sum assured as per size of locker
Locker can be operated in single or joint capacity
Standard Charter Bank:

Standard Chartered PLC is a British multinational banking
and financial services company headquartered in London. It
operates a network of more than 1,200 branches and outlets
(including subsidiaries, associates and joint ventures) across more
than 70 countries and employs around 87,000 people. It is
a universal bank with operations in consumer, corporate and
institutional banking, and treasury services. Despite its UK base, it
does not conduct retail banking in the UK, and around 90% of its
profits come from Asia, Africa and the Middle East.
Standard Chartered has a primary listing on the London Stock
Exchange and is a constituent of the FTSE 100 Index. It had
a market capitalisation of approximately 15 billion as of 20
January 2016, the 28th-largest of any company with a primary
listing on the London Stock Exchange.[2] It has secondary listings
on the Hong Kong Stock Exchange and the National Stock
Exchange of India. Its largest shareholder is the Government of
Singapore-owned Temasek Holdings.
History of Standard Chartered Bank:

The Chartered Bank began when Queen Victoria granted a Royal
Charter to Scotsman James Wilson in 1853. Chartered opened its
first branches in Mumbai, Kolkata and Shanghai in 1858, followed
71
by Hong Kong and Singapore in 1859. The Bank started issuing

banknotes of the Hong Kong dollar in 1862.
The Standard Bank was a British bank founded in the Cape
Province of South Africa in 1862 by Scot, John Paterson. Having
established a considerable number of branches, Standard was
prominent in financing the development of the diamond fields of
Kimberley from 1867 and later extended its network further north
to the new town of Johannesburg when gold was discovered there
in 1885. Half the output of the second largest gold field in the
world passed through The Standard Bank on its way to London.
Standard expanded widely in Africa over the years, but from 1883
to 1962 was formally known as the Standard Bank of South Africa.
In 1962 the bank changed its name to Standard Bank Limited, and
the South African operations were formed into a separate
subsidiary which took the parent bank's previous name, Standard
Bank of South Africa Ltd.
1969 to 2000:
Both banks acquired other smaller banks along the way and
spread their networks further. In 1969, the banks decided to
merge and to counterbalance their network by expanding in
Europe and the United States, while continuing expansion in their
traditional markets in Asia and Africa.
In 1986, Lloyds made a hostile takeover bid for the Group. The bid
was defeated; however, it spurred Standard Chartered into a
period of change, including a series of divestments notably in the
US and South Africa. Union Bank was sold to the Bank of
Tokyo and United Bank of Arizona was sold to Citicorp.
In 1987, Standard Chartered sold its remaining interests in the
South African bank; since then the Standard Bank Group has been
a separate entity.
In 1992, scandal broke when banking regulators charged several
employees of Standard Chartered in Mumbai with illegally
72
diverting depositors' funds to speculate in the stock market. Fines

by Indian regulators and provisions for losses cost the bank
almost 350 million, at that time fully a third of its capital.
In 1994, London's Sunday Times reported that an executive in the
bank's metals division had bribed officials in Malaysia and the
Philippines to win business. The bank, in a statement on 18 July
1994, acknowledged that there were "discrepancies in expense
claims [that] ... included gifts to individuals in certain countries to
facilitate business, a practice contrary to bank rules".
In 1994, the Hong Kong Securities and Futures Commission found
Standard Chartered's Asian investment bank to have illegally
helped to artificially support the price of new shares they had
underwritten for six companies from July 1991 to March 1993. The
bank admitted the offence, apologized and reorganized its
brokerage units. The commission banned the bank from
underwriting IPOs in Hong Kong for nine months.
In 1997, Standard Chartered sold Mocatta Bullion and Base
Metals,
its
metals
division,
to Torontobased Scotiabank for US$26 million.
Standard Chartered's Asian investment banking operations never
recovered. In 2000 the bank closed them down.
In the late 1986, a business consortium purchased a 35% stake to
fend off Lloyds. A member of this consortium was Malaysian-born
property tycoon Khoo Teck Puat, who purchased 5% of the bank's
shares, which he later increased to 13.4%.
2000 to 2010:
In 2000, Standard Chartered acquired Grindlays Bank from ANZ,
increasing its presence in private banking and further expanding
its operations in India and Pakistan. Standard Chartered retained
Grindlays' private banking operations in London and Luxembourg,
as well as the subsidiary in Jersey, all of which were integrated
into its own private bank. This now serves high-networth customers in Hong Kong, Dubai, and Johannesburg under
73
the name
Services.
Standard
Chartered
Grindlays Offshore
Financial
In India, Standard Chartered integrated most of Grindlays'

operations, becoming the largest foreign bank in that country.
Ethics issues and financial losses triggered turmoil; the bank went
through three CEOs in three years: Malcolm Williamson was
replaced in 1998 by Rana Talwar, who was unseated by Mervyn
Davies in 2001. By the time Davies took over, his predecessors
had systematically sold off the banks holdings in continental
Europe and the Americas. Former CEO Talwar has claimed
Standard Chartered's troubles over the years is due to its failure
to hire local talent. The Indian-born Citigroup Inc. veteran became
the bank's first non-British CEO when he was appointed in 1998.
Leading to the incorporation of Standard Chartered (Hong
Kong) on 1 July 2004, the Legislative Council of Hong
Kong amended Legal Tender Notes Issue Ordinance. The
amendment replaced Standard Chartered Bank with its newly
incorporated subsidiary - Standard Chartered Bank (Hong Kong)
Ltd - as one of the note-issuing banks in Hong Kong. The same
year, Standard Chartered Bank and Astra International (an
Indonesian conglomerate, a subsidiary of Jardine Matheson
Group) took over Permata Bank and in 2006, both shareholders
increased their joint ownership to 89.01%. With 276 branches and
549 ATMs in 55 cities throughout Indonesia, Permata Bank has the
second largest branch network in Standard Chartered
organization.
On 15 April 2005, the bank acquired Korea First Bank,
beating HSBC in the bid. The bank has since rebranded the
branches as SC First Bank. Standard Chartered completed the
integration of its Bangkok branch and Standard Chartered
Nakornthon Bank in October, renaming the new entity Standard
Chartered Bank (Thailand). Standard Chartered also formed
strategic alliances with Fleming Family & Partners to expand
private wealth management in Asia and the Middle East, and
acquired stakes in ACB Vietnam, Travelex, American Express
74
Bank(Bangladesh)
and Bohai
Bank (China).
The
largest
shareholder, Khoo Teck Puat, died in 2004; and two years later, on
28 March 2006, the Singapore state-owned private investment
firm, Temasek, became the bank's largest shareholder, when it
bought the 11.55% stake held by the estate of billionaire Khoo
Teck Puat.
On 9 August 2006, Standard Chartered announced it had acquired
an 81% shareholding in the Union Bank of Pakistan in a deal
ultimately worth $511 million. This deal represented the first
acquisition by a foreign firm of a Pakistani bank and the merged
bank, Standard Chartered Bank (Pakistan), is now Pakistan's sixth
largest bank.
On 22 October 2006, Standard Chartered announced that it had
received tenders for more than 51% of the issued share capital of
Hsinchu International Bank (Hsinchu), established in 1948
in Hsinchu, Taiwan.
In 2007, Standard Chartered opened its Private Banking global
headquarters in Singapore.
On 23 August 2007, Standard Chartered entered into an
agreement to buy a 49% share of an Indian brokerage firm (UTI
Securities) for$36 million in cash from Securities Trading
Corporation of India Ltd., with the option to raise its stake to 75%
in 2008, and, if both partners were in agreement, to 100% by
2010.
On 29 February 2008, Standard Chartered PLC announced it had
received all the required approvals leading to the completion of its
acquisition of American Express Bank Ltd (AEB) from
the American
Express
Company (AXP).
The
total
cash
consideration for the acquisition is US$823 million.
On 13 November 2008, Standard Chartered Bank (Hong Kong)
Limited, entered into an agreement to acquire 100% of Cazenove
Asia Limited, an Asian equity capital markets, corporate
finance and institutional brokerage business, from JPMorgan
Cazenove.
75
On 27 November 2009, Dow Jones Financial News reported that

Dubai will restructure its largest corporate entity. Among
international banks, Standard Chartered has one of the largest
loan portfolios in the Dubai market and the UAE as a whole,
estimated to be $7.77 billion in total. This amounts to 4.2% of
Standard Chartered's total loans outstanding. Other impacted
banks included HSBC, Barclays, and RBS. The bank stated that
any impairment arising from this exposure would not be material.
2010 to present:
Standard Chartered announced an agreement on 27 April 2010 to
buy the African custody business from Barclays PLC.[32] On 13
May 2010, Standard Chartered PLC launched the first-ever Indian
Depository Receipt IDR offer.
On 17 June 2010, Standard Chartered Bank and the Agricultural
Bank of China (ABC) strengthened their strategic partnership.
Hong Kong has been identified as a potential pilot region for the
two banks' co-operation journey. The two banks' declared aim is
to co-operate to provide their corporate and individual customers
with world class financial markets products. A joint co-operation
committee will be formed by both banks to drive the strategic
direction of the partnership. The committee was to be co-chaired
by Peter Sands, CEO of Standard Chartered, and Zhang Yun,
President of ABC. In December 2010, Standard Chartered was
recognised as the Global Bank of the Year in The Banker's Bank of
the Year 2010 awards. Standard Chartered also was named The
Banker's inaugural winners of the Global and European
Transaction Bank of the Year awards in September 2014, largely
"on the basis of its work in emerging markets, particularly Asia".
In January 2015, the company announced that it was exiting the
money-losing "equity capital markets business completely",
"becoming one of the first global banks" to do so. In November
that year, the bank announced that it would cut 15,000 jobs,
including one thousand senior jobs, "from managing director up to
board executives". The cuts followed a change of CEO after profit
warnings and money laundering fines in the first half of the year.
76
Money-laundering charges:
On 6 August 2012, the New York Department of Financial Services
(DFS), led by Benjamin Lawsky, accused Standard Chartered of
hiding $250 billion in transactions involving Iran, labelling it a
"rogue institution". The bank was ordered to appear and defend
its actions, or risk losing its license to operate in the state of New
York. The DFS said it had documents showing a cover up of
transactions allegedly used to fund terrorist groups in the Middle
East.
On 14 August 2012, Lawsky announced that the DFS and
Standard Chartered reached a settlement that allows the bank to
keep its licence to operate in New York. According to the terms of
the settlement, the bank agreed to pay a $ 340 million fine.
The bank agreed to install a monitor to oversee the bank's money
laundering controls for at least two years, and appoint
"permanent officials who will audit the bank's internal procedures
to prevent offshore money laundering". The monitor will report
directly to the DFS. Lawsky's statement said "the parties have
agreed that the conduct at issue involved transactions of at
least $250bn." The bank issued a statement confirming that a
settlement with the DFS had been reached and that "a formal
agreement containing the detailed terms of the settlement is
expected to be concluded shortly".
Other US agenciesincluding the Federal Reserve, the Federal
Bureau of Investigation, the Treasury Department, and the Justice
Departmenthad also begun investigations into the laundering
allegations and were reportedly taken off guard by the speed of
the settlement.
The Treasury stated that its own investigation of Standard
Chartered will continue. Several financial analysts predicted that,
due to its strong financial position, the bank would be able to
easily cover the $340 million fine without having to raise extra
capital.
77
On 6 August 2014 Lawsky was reported to be preparing a new

action against Standard Chartered over computer system
breakdowns and was "discussing a potential settlement".
On 19 August 2014, the bank was fined $300 million by the New
York Department of Financial Services for breach of moneylaundering compliance related to potentially high-risk transactions
involving Standard Chartered clients in Hong Kong and the UAE.
The bank issued a statement accepting responsibility and
regretting the deficiencies, at the same time noting the ruling
would not jeopardize its U.S. licenses.
Chapter #02
Segregation of Work
among Group
Members
78
Hard Copy:
Mr. Asad Mahmood prepared the hard copy of the project. He
write down the first chapter on 06/05/2016. Chapter 3 was written
on 09/05/2016. And chapter 4 that includes conclusion was
written on 10/05/2016. In the end chapter 2 was written on
11/05/2016
Work Sheets:
Work sheets were prepared by Mr. Hassan Maqsood. He search for
data on 06/05/2016, put the data in work sheets on 08/05/2016
and finalized the data on 09/05/2016. He prepared the graphs on
10/05/2016.
Presentation:
Slides and hyperlinking was done by Mr. Soban Ahmad on
10/05/2016
79
Chapter #03
80
Features of MS Word,
Power Point and excel
Features of MS Word:
Below we outline our top 20 easily overlooked features in Word.
Many of them have been in Word for a decade or more, and can
be found in the menus of Word XP and Word 2003, but well focus
on the ribbon interface from Word 2007 and above, which was,
after all, invented to help users find the softwares more esoteric
features.
Select similar formatting:
In an ideal world, every element in your document would have a
style assigned to it. But if youve relied on local formatting, its
still easy to make global changes. The Editing section, at the far
right of the Home tab, includes the handy option to Select all
text with similar formatting. This lets you easily highlight all your
ad hoc headings, captions and so forth at once and tweak their
appearance in a single swoop or apply a style for easier
management in the future.
Clipboard panel:
81
The clipboard panel offers a convenient way to keep more than

one element on your clipboard at once. Click the tiny pop-out icon
within the Clipboard section of the Home tab to open it. Up to 24
recent cut and copy operations are remembered, and you can
click on any one of them to paste it at the insertion point. The
Options dropdown at the bottom lets you control when the
Clipboard panel appears; one option is to make it appear when
you press Ctrl+C twice.
Translate:
Translate function sends the text of your document to the
Microsoft Translator web pages and displays a translation in a
browser window. In Word 2010 and 2013, you can also activate
Review | Translate | Mini Translator, which presents a ghosted
tooltip when you hover over a selected passage of text; move
your pointer onto it to see a pop-up translation in your selected
language. There are dozens of languages to choose from: browse
them by selecting Choose Translation Language from the
Translate dropdown.
Kerning:
Professional desktop publishing software supports kerning the
selective adjustment of spacing between characters to make text
more aesthetically pleasing. Word doesnt do this by default, but
it can be turned on by clicking the pop-out icon in the Font section
of the Home tab and ticking the box labelled Kerning for fonts;
enter a minimum point size in the box to the right. If you use
kerning on tiny fonts, however, the letters can appear to run
together, which reduces readability.
Insert Chart:
If you want to include an Excel chart in your document, you dont
have to leave Word. Selecting Insert | Chart in Word will open a
miniature Excel view, in which you can edit or import your data.
Just close the Excel window once youre done it will be
presented in chart form within Word. At the top of the Word
window, the Chart Tools tabs give you full control over the design
82
and appearance of your chart, so theres no need to launch Excel

manually.
SmartArt:
SmartArt helps you illustrate processes and relationships through
almost 200 pre-designed layouts for pyramid organisations,
cycles, hierarchies, matrices and more. To use it in Word, simply
click Insert | SmartArt and select a template. Then type your
labels into the floating panel that appears and drag the handles to
resize the SmartArt. If you want it to float over your document,
you can achieve this easily by creating a textbox (via Insert | Text
Box) and putting your SmartArt inside it
Insert Screenshot:
If youre writing a tutorial or you simply want an easy way to
include in your document an image from another program you
can grab an area of the Windows desktop by selecting Insert |
Screenshot; the dropdown menu lets you directly import any open
window as an image. Alternatively, you can select the Screen
Clipping option to drag a rectangle with the mouse and capture a
customised area of the screen.
Insert Quick Parts:
Businesses often need to create letters and documents that
contain standard elements or paragraphs, such as an address.
Words AutoText feature can help.
Hyphenation:
Allowing the odd word to spill across two lines can improve the
appearance of your document. It can keep your right margin from
becoming too ragged or, in fully justified text, it can prevent large
islands of white space from appearing between each word.
Line numbers:
83
If youre referring to code, legal documents or even poetry, you

might want to number your lines for easy reference. Words
numbered-list tool applies indentation settings that may not be
what you want: select Page Layout | Line Numbers instead and
Word will apply neat numbering in the document margin.
Digital signatures:
It isnt always obvious whether a digital document is an authentic
original. To sign a document with a personal encryption key, go to
the File tab (or the orb in Word 2007), select Protect Document
and choose Add a digital signature; youll be prompted to save
the document before your signature is added.
Watermark:
When youre circulating a draft of a document, or sharing
something private with a work colleague, its useful to be able to
watermark the page so you can see at a glance what type of
document it is.
Alignment with Alignment Guides:
If you have text wrapping set to an option such as Square, the
Alignment Guides also show when the object is aligned with the
top of a paragraph or to a heading. This new feature makes lining
up images and other objects a cinch in Word 2013. When you
move an object such as an Image, Chart, or SmartArt illustration
around in a document, Alignment Guides automatically appear to
show you when the object is lined up with other elements on the
page. The guides also show you when the object is lined up to key
page locations, such as the edge of the page and the left and
right margins.
Comfortable reading in Read mode:

If you use Word more to read documents than to create them,
youll like Word 2013s new Read mode. It automatically resizes a
84
document to the full window. Click the on-screen arrows to flip

through the pages, or swipe the screen from either edge of the
display if youre using a touch-screen monitor. Switch to page
view for vertical scrolling. Right-click on any unfamiliar words to
display a definition without existing read mode. You can also click
on any image, table, or chart to enlarge it for easier reading.
Smarter collaboration:
If you collaborate with others on Word documents, you know how
quickly conversations can become difficult to follow, because
Words comments tool treats every utterance as a new comment.
In Word 2013, you can reply to a comment within that comment
by clicking the Comment Reply button. This captures the entire
discussion of a given point inside a single comment box, which
will appear as a small bubble in the documents margin.
You can also lock the change-tracking feature, so it cant be
bypassed unless the collaborator provides the correct password.
And with the new Simple Markup option, you
markups and view the final version of the
between this and All Markup view from the
double clicking the line in the left margin
change.
can hide complex

document. Switch
Review tab or by
beside a tracked
Open and edit PDFs inside Word:

Word 2013 can not only open a PDF document, it also enables you
to edit itwithout need of a third-party application. You can also
edit the data inside tables and move images around the
document. When youre finished, you can save the document as
either a PDF or a Word file. This is a must-have feature for anyone
who works with PDFs frequently.
Features of MS Excel:
85
Pivot Tables:
PivotTables summarized large amounts of Excel data from a
database that is formatted where the first row contains headings
and the other rows contain categories or values. The way the data
is summarised is flexible but usually the Pivot Table will contain
values summed over some or all of the categories.
If youre new to creating PivotTables, Excel 2013 can analyze your
data and recommend a PivotTable for you. Once youre
comfortable with PivotTables you can start from scratch and
create your own.
Conditional Formatting:
Conditional formatting, as its name suggests, changes the format
of a cell dependent on the content of the cell, or a range of cells,
or another cell or cells in the workbook. Conditional formatting
helps users to quickly focus on important aspects of a
spreadsheet or to highlight errors and to identify important
patterns in data.
86
Conditional formats can apply basic font and cell formatting such
as number format, font colour and other font attributes, cell
borders and cell fill colour. In addition, there is a range of
graphical conditional formats that helps with visualising data by
using icon sets, colour scales, or data bars.
Sorting and Filtering:

Excel spreadsheets help us make sense of large amounts of data.
To make it easier to find what you need, you can reorder the data
or pick out just the data you need, based on parameters you set
within Excel. Sorting and filtering your data will save you time and
make your spreadsheet more effective.
Suppose you have a list of hundreds of records including dates,
ages, names, cities, and more. You can quickly organize the data
to best suit your needs using Excels sort and filter features.
87
When you sort information in a worksheet, you can quickly

organize the data and find values quickly. You can sort an entire
worksheet or a range or table of data. Sorting can be done by one
or more columns.
Basic Math:
At the heart of any Excel spreadsheet are the numbers within the
data. Using basic math functions to manipulate those numbers is
one of the features that makes Excel so powerful.
Simple calculations can be entered into the formula bar in Excel
just as they would be written on paper. As with all formulae in
Excel, start a calculation with the = sign.
You can type the calculation you want to perform directly into the
cell or the formula bar and when you press Enter the answer will
show in the cell.
Another option is to use multiple cells to construct the formulae,
as we see here (where cell A1 (or 87) plus cell A2 (or 16) equals
cell A3 (or 103)):
88
In order to perform the basic mathematical operations such as

addition, subtraction, multiplication, or division to produce
numeric results we use the following arithmetic operators:
+ (plus sign) for addition
- (minus sign) for subtraction
* (asterisk) for multiplication
/ (forward slash) for division
Excel interprets the = (equals) sign as indicating a calculation is
to be performed and calculates according to the operators
indicated from left to right.
For more complicated math calculations, check out our Working
with Numbers Chapter.
Mixed Type Charts:
Mixed type or combo (combination) charts combine two styles of
charts, such as Excels column chart and line chart. This format
can be helpful for displaying two different types of information or
a range of values that varies greatly.
For example, we can use a column chart to show the number of
homes sold between June and December and a line chart to make
it easier to identify the average sale price by month. To create this
chart, highlight all the data and select the Insert Combo Chart
option in the Charts group of the INSERT ribbon tab:
89
90
Features of PowerPoint:
Real Time Presence:
Collaboration is getting better and better in PowerPoint 2016 for
Windows. When you share your presentation with others
using OneDrive or Office 365 SharePoint, you can work together in
real time. You can now not only see when others are working on
the same shared presentation as you, but also see an indicator
that shows you exactly what slides they're working on, and where
in the slides they're working.
Ink Annotation:
On touch-enabled devices, you'll now see a Draw tab on the
ribbon in Word, Excel, and PowerPoint where you can select inking
styles and start making ink annotations directly in your files. In
PowerPoint, you can also convert your ink drawings to Shapes by
selecting them and then selecting Convert to Shapes. That way,
you get the freedom of freeform drawing with the uniformity and
standardization of Office graphic shapes.
91
Black Theme:
The highest-contrast Office theme yet has arrived. To change your
Office theme, go to File > Account, and then click the drop down
menu next to Office Theme. The theme you choose will be applied
across all your Office apps.
Morph Transition:
PowerPoint 2016 comes with a brand-new transition type, Morph
that can help you make smooth animations, transitions, and
92
object movements across the slides in your presentation. To use

the morph transition effectively, you'll need to have two slides
with at least one object in commonthe easiest way is to
duplicate the slide and then move the object on the second slide
to a different place, or copy and paste the object from one slide
and add it to the next. Then, with the second slide selected, go to
Transitions > Morph to see how morph can automatically animate,
move, and emphasize your objects across slides.
PowerPoint Designer:
PowerPoint Designer is a new service that lets you take your
content and automatically generate a variety of ideas that you
can choose from to make your slides look better. When you add a
photo or other unique visual content, the Designer pane will open
automatically with a variety of suggested visual treatments you
can choose to apply to your slides.
93
There are dozens of other feature of MS office that we dont

mention here.
94
Financial Analysis:
95
Mark up Earned
140%
120%
122%
100%
117%
100%
80%
60%
40%
20%
0%
2015
2014
2013
Mark up Expense
140%
120%
100%
80%
60%
40%
20%
0%
2015
2014
2013
96
Profit after Tax

119%
113%
100%
2015
2014
2013
Total Assets
140%
120%
100%
80%
60%
40%
20%
0%
2015
2014
2013
97
98
Return on advances
1.6
1.43
1.4
1.24
1.2
1
0.8
0.6
0.4
0.2
0
2015
2014
2013
NPL
2015
2014
2013
1.1
1.05
1
0.95
0.9
0.85
0.8
99
Total Assets
2
1.5
1
0.5
0
1
2015
2014
2013
Net Spread
1.71
1.26
1
2015
2014
2013
100
Chapter #04
Conclusion
101
As is apparent from the horizontal analysis the interest earned is

increasing whereas interest expensed is on a decreasing trend
indicating good profitability and managerial capability of MCB
bank. NPLs are also decreasing indicating good repayment
policies of bank. Deposits and advances are also increasing
meaning the bank is attracting customers.
Meezan Bank is slightly less profitable as compared to MCB Bank.
Interest earned drastically increased in 2015 which could be a
good indicator but interest expensed increased more in
comparison with interest earned thus decreasing the spread of
income. Deposits increased but the NPLs also increased
indicating a bad repayment policy of bank.
References:
www.Meezanbank.com.pk
www.mcbbank.com.pk
www.scribed.com
www.slideshare.com
www.google.com
102
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IT Final Project

Asad Mahmood (m14mba046)

Hailey College of Banking

made appeals to the Shariat Appellate Bench (SAB) of the Supreme

asset management arm of Meezan Bank, introduces Meezan Islamic

capital needs of customers.

Financial Institution in Pakistan' by Global Finance Magazine, New

Another important achievement was the launch of Meezan Kids and

Nature of the Organization:

do business of banking according to islamic rules and regulations

The Meezan Team:

Business Segments of the Bank:

Corporate and Investment Banking

Retail Banking is organized in three Regions across Pakistan,

VISION AND MISSION

value through an organizational culture based on learning,

SHARIAH ADVISORY BOARD:

Justice (Retd.) Muhammad Taqi Usmani (Chairman)

Ariful Islam (Chief Operating Officer)

To match physical data with computer generated data

Firstly receiving of voucher then main sorting is done which is

Daily branch position

Weekly reports are of foreign exchange and then monthly and

One with the head office (pink)

Provisions are the amount kept separately to be debited for the

Personal Banking of Meezan Bank:

Foreign Currency Account:

RUPEE SAVING ACCOUNT:

DOLLAR SAVING ACCOUNT:

the principles of Shariah and as a result is free from the element

Personalized cheque books

KAROBARY MUNAFA ACCOUNT:

No restriction on deposits and withdrawals

MEEZAN BACHAT ACCOUNT:

Highest expected rate of return

Free Online Banking services at all Meezan Bank

CERTIFICATE OF ISLAMIC INVESTMENT:

Account Opening Form, bring in the required documents, and get

High and very competitive returns

MEEZAN AMDAN CERTIFICATE:

Enjoy a range of valuable features including:

Free cheque book

MONTHLY MUDARBA CERTIFICATE:

100K up to Rs. 4.99 Mn

Monthly profit payment to your current or saving account

MEEZAN PROVIDENCE CERTIFICATE:

all banking transactions are in strict adherence to the Islamic

A 100% halal investment in strict compliance with Shariah

DOLLAR MUDARABAH CERTIFICATE:

Personal financial consultancy services

CAR IJARAH-AUTO FINANCE:

Key Features of Car Ijarah:

Low monthly rental

Parts of the wide range of Shariah complaint solutions for the

to the customer at an agreed price, which includes an element of

PROJECT FINANCING, EXPANSION AND BMR:

Using this financing model, Meezan Bank and the customer

ISLAMIC EXPORT REFINANCE SCHEME:

LETTER OF GUARANTEE FACILITY:

A complete range of products and services for importers and

Products for Exporters

network of corresponding banks worldwide. Only leading global

DOLLAR MUDARABAH CERTIFICATE:

Pre-mature withdrawal options available