Al Meezan Bank offers a wide range of Shariah compliant products, tailored to serve individuals, businesses, and institutions. Some of the flagship offerings include:
- Meezan Current and Saving Accounts
These accounts operate on the Islamic principles of Qard (loan) and Mudarabah (profit-sharing), offering halal alternatives to conventional interest-bearing accounts.
- Meezan Car Ijarah
A popular auto financing option based on the concept of Ijarah (Islamic leasing), allowing customers to drive the car of their choice without compromising their faith.
- Meezan Easy Home
Pakistan’s leading Islamic home financing solution, structured under the Diminishing Musharakah model, enabling customers to buy homes in a Shariah-compliant way.
- Meezan Tijarah (Trade Finance)
Islamic trade finance products for businesses, based on Murabaha (cost-plus sale), Musawamah, and Wakalah.
- Meezan Visa Debit Cards
A convenient and Shariah-compliant debit card facility that avoids interest or charges prohibited under Islamic law.
Commitment to Ethical Finance
One of the most powerful aspects of Al Meezan Bank is its unwavering commitment to ethical banking. Unlike conventional banks, all investments and transactions are filtered through rigorous Shariah screening, ensuring no involvement in industries like alcohol, gambling, or conventional insurance.
This ethical approach not only builds trust—it fosters a system that benefits both the individual and the wider community.
Shariah Governance and Transparency
With support from Usmani & Co Al Meezan Bank has established one of the most robust Shariah governance frameworks in the region. This includes:
Independent Shariah Board supervision
Transparent disclosures in annual Shariah audit reports
Staff training in Islamic finance and ethical conduct
Detailed product documentation for customer awareness
Awards & Recognition
Al Meezan Bank has received numerous national and international accolades for excellence in Islamic finance, including:
Best Islamic Bank in Pakistan Global Finance
Best Islamic Retail Bank IFN Awards
Shariah Authenticity Recognition by renowned scholars
These awards reflect the bank’s dedication to combining innovation with compliance—a vision aligned closely with Usmani & Co.’s consulting philosophy.
Why Partner with Usmani & Co.?
At Usmani & Co., we offer expert support for institutions looking to follow in the footsteps of industry leaders like Al Meezan Bank. Our services include:
Shariah Advisory & Board Services
Islamic Product Development
Shariah Audit & Certification
Sukuk Structuring
Halal Investment Screening
Training & Capacity Building
Whether you’re launching a new Islamic bank or upgrading your existing services, we bring over two decades of global experience and the endorsement of leading Islamic scholars.
FAQs
Is Al Meezan Bank a fully Islamic bank?
Yes, Al Meezan Bank is Pakistan’s first and largest full-fledged Islamic bank.
Who ensures the bank’s Shariah compliance?
Al Meezan Bank’s Shariah Board, led by top scholars from Usmani & Co., oversees and certifies all products and services.
What is Ijarah used for in Islamic banking?
Ijarah is used for leasing, such as in car financing, where the bank owns the asset and leases it to the customer.
