February 22, 2022 Meezan Bank reports highest ever quarterly profit Meezan Bank Limited (MEBL) has reported its highest ever quarterly profit of Rs8.8 billion (EPS: Rs5.4) 4Q2021, up 115%YoY. The earnings remained higher than…
January 26, 2022 Pakistan launches most expensive Ijara Sukuk Pakistan on Monday launched the US$1 billion Islamic bond — Ijara Sukuk — in the global capital market at 7.95% return payable on a…
January 29, 2021 Meezan Bank expected to announce Rs4.0/share dividend Meezan Bank (MEBL) is expected to announce profit after tax of Rs24.2 billion (EPS: Rs17.0) for CY20 as against Rs15.7 billion (EPS: Rs11.0) for…
August 28, 2020 Meezan Bank Earnings Revised Upward Topline Securities has revised earnings estimates for Meezan Bank (MEBL). The earnings revision stems from: 1) stellar deposit growth which surpassed Banks’ own expectations,…
March 6, 2020 Faysal Bank Converts 75 percent of its Operations to Shariah Compliant System According to a report by Mettis Global, Faysal Bank of Pakistan has been aggressively working to convert its conventional banking system into Shariah compliant…
February 20, 2020 Meezan Bank Shariah Board Approves Guidelines for Digital Mobile Account In its 46th Shariah Supervisory Board meeting, Meezan Bank Shariah Supervisory Board has approved guidelines for digital Mudarabah-based mobile account to support financial inclusion…
October 5, 2019 Islamic Mutual funds selling their stake in Hub Power Company Potential sell-off from Islamic mutual funds (6% of free float), largely due to rising debt financed equity investments has kept a cap on HUBC’s…
August 29, 2019 Meezan Bank posts Rs4.1 billion profit after tax for second quarter of 2019 Meezan Bank (MEBL), Pakistan’s first and the largest Islamic bank has announced second quarter results. MEBL has posted profit after tax of Rs4.1 billion…
July 16, 2019 Government of Pakistan lacks commitment towards elimination of Riba Pakistani newspapers and magazines are full of praises for the Government of Pakistan (GoP) and State Bank of Pakistan (SBP) for ushering double digit…
May 22, 2019 Second Tranche of Energy Sukuk issued in Pakistan Flotation of another tranche of Rs200 billion may prove insufficient and problem may linger on Reportedly the Government of Pakistan (GoP) is getting ready…