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Pakistan S.E.
06:00:00 2024-04-25 pm EDT
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1st Jan Change
220.8
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+1.50%
-0.85%
+36.82%
Meezan Bank : TRANSMISSION OF QUARTERLY REPORT OF MEEZAN BANK LIMITED FOR THE PERIOD ENDED JUNE 30, 2023
August 29, 2023 at 02:30 am EDT
C O N T E N T S
Corporate Information
03
Directors' Review
04
Independent Auditor's Review Report To The Members Of Meezan Bank Limited
12
Condensed Interim Unconsolidated Statement of Financial Position
13
Condensed Interim Unconsolidated Profit and Loss Account
14
Condensed Interim Unconsolidated Statement of Comprehensive Income
15
Condensed Interim Unconsolidated Statement of Changes in Equity
16
Condensed Interim Unconsolidated Cash Flow Statement
18
Notes to and Forming Part of the
Condensed Interim Unconsolidated Financial Statements
19
Condensed Interim Consolidated Statement of Financial Position
52
Condensed Interim Consolidated Profit and Loss Account
53
Condensed Interim Consolidated Statement of Comprehensive Income
54
Condensed Interim Consolidated Statement of Changes in Equity
55
Condensed Interim Consolidated Cash Flow Statement
57
Notes to and Forming Part of the
Condensed Interim Unconsolidated Financial Statements
58
C O R P O R A T E I N F O R M A T I O N
FOR THE HALF YEAR ENDED JUNE 30, 2023
Board of Directors
Riyadh S. A. A. Edrees
Chairman
Faisal A. A. A. Al-Nassar
Vice Chairman
Bader H. A. M. A. Al-Rabiah
Saad Ur Rahman Khan1
Faisal Fahad Al-Muzaini
Tariq Mahmood Pasha2
Mohamed Guermazi
Mohammad Abdul Aleem
Nausheen Ahmad
Yousef S.M.A Al-Saad
Mubashar Maqbool3
Naveed Iftikhar Sherwani4
President & CEO
Irfan Siddiqui
Shariah Board
Justice (Retd.) Muhammad Taqi Usmani
Chairman
Dr. Muhammad Imran Ashraf Usmani
Vice Chairman
Sheikh Esam Mohamed Ishaq
Mufti Muhammad Naveed Alam
Management
Irfan Siddiqui
President & CEO
Ariful Islam
Deputy CEO
Board Audit Committee
Mohammad Abdul Aleem
Faisal A.A.A. Al-Nassar
Mohamed Guermazi
Saad Ur Rahman Khan1
Mubashar Maqbool3
Board Risk
Faisal A. A. A. Al-Nassar
Management Committee
Saad Ur Rahman Khan1
Bader H. A. M. A. Al-Rabiah
Yousef S.M.A Al-Saad
Mubashar Maqbool3
Board Human Resources,
Riyadh S. A. A. Edrees
Remuneration & Compensation
Mohammad Abdul Aleem
Committee
Nausheen Ahmad
Board Information
Saad Ur Rahman Khan1
Technology Committee
Riyadh S. A. A. Edrees
Faisal A. A. A. Al-Nassar
Mubashar Maqbool3
Irfan Siddiqui
Board IFRS 9 Implementation
Riyadh S. A. A. Edrees
Oversight Committee
Faisal Fahad Al-Muzaini
Irfan Siddiqui
Interview and
Riyadh S. A. A. Edrees
Selection Committee
Mohammad Abdul Aleem
Nausheen Ahmed
Mubashar Maqbool3
Resident Shariah Board Member
Mufti Muhammad Naveed Alam
Chief Financial Officer
Syed Imran Ali Shah
Company Secretary
Muhammad Sohail Khan
Auditors
A. F. Ferguson & Co., Chartered Accountants
Legal Adviser
Haidermota & Co. Advocates
Registered Office
Meezan House
and Head Office
C-25, Estate Avenue, SITE, Karachi - 75730, Pakistan
Phone: (92-21) 38103500, 37133500, Fax: (92-21) 36406056
24/7 Call Centre: (92-21)111-331-331 & 111-331-332
E-mail
info@meezanbank.com
Website
www.meezanbank.com
www.meezanbank.pk
Shares Registrar
THK Associates (Pvt.) Ltd
Plot No, 32-C, Jami Commercial, Street 2, DHA, Phase VII, Karachi - 75500, Pakistan
Phone: (92-21)111-000-322,35310191-6
Email: secretariat@thk.com.pk, sfc@thk.com.pk
Website: www.thk.com.pk
1 Appointed on August 1, 2023
2 Appointed on August 16, 2023 subject to Fit and Proper Test Clearance (FPT) of State Bank of Pakistan
3 Resigned on July 18, 2023
03
4 Resigned on August 11, 2023
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Meezan Bank Ltd. published this content on 29 August 2023 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 29 August 2023 06:29:03 UTC .
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Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
More charts
Meezan Bank Limited (the Bank) is a Pakistan-based scheduled Islamic commercial bank. The Bank is engaged in corporate, commercial, consumer, investment and retail banking activities. The Bank has approximately 983 branches. The Bank's products and services include deposit products, alternate distribution channels, branchless banking, priority banking, consumer financing, transaction banking and financing products. Its deposit products include Meezan Rupee, Meezan Asaan, Meezan Express, Meezan Kids Club, Meezan Teen Club, Meezan Senior Citizen, Meezan Labbaik, Meezan Kafalah and Meezan Bachat. Its alternate distribution channels include Meezan Mobile Banking App, Meezan Internet banking, SMS alerts, SMS banking, Meezan Visa Debit Cards and Meezan Mastercard Debit Cards. The Bank's financing products include Murabaha, Musawamah, Istisna, Commodity Salam, Tijarah and Diminishing Musharakah. Its consumer financing includes Car Ijarah, Meezan Apni Bike and Meezan Roshan Apna Ghar.
More about the company
Last Close Price
220.8
PKR
Average target price
197.3
PKR
Spread / Average Target
-10.62%
Consensus
1st Jan change
Capi.
+36.82% 1.42B -3.10% 59.34B +7.64% 38.68B +5.11% 21.67B -4.51% 11.57B +10.67% 11.07B +2.47% 7.91B +41.95% 7.02B -6.18% 6.36B -1.89% 5.57B
Islamic Banks
+951% of historical performance
More than 20 years at your side
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