University of Central Punjab

Internship Evaluation Form

Please sign the completed evaluation and return it to the student. The student will not receive credit for the internship until this form is
processed. Thank you for your assistance.

Student Name: ___________________________________ Date: ___________________

Evaluator Name: _________________________Evaluator Title: ____________________

Organization/host Name: ___________________________________________________

Address: ________________________________________________________________

Evaluation of personal qualities of the intern observed during the internship. Select one evaluation level for
each area.

excellent good average poor does not

apply

Ability to adapt to a
variety of tasks

Decision making;
judgment; setting
priorities

Persistence to
complete tasks

Ability to plan with &

work cooperatively
with others

Enthusiasm for the

experience

Attention to
accuracy and detail

Willingness to ask
for and use
guidance

Ability to cope in
stressful situations

Signature of Evaluator ____________________________________

 Internship Report on

Meezan Bank

Submitted to

Dean
Prof. Muhammad Azhar Ikram Ahmed

Submitted by

Aamer Murad
2015

B-1

Faculty of Commerce

University of Central Punjab

History of Meezan Bank
During 1997, Al-Meezan Investment Bank is established as the first Islamic bank of Pakistan.
Mr. Syed Sarfaraz Ahmed appointed as first and founding Chief Executive Officer.
During 2002, the Shariah Supervisory Board is established at Al-Meezan Investment Bank led by
Justice (Retd.) Muhammad Taqi Usmani as chairman. State Bank 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.
During 2003, A Musharaka-based Export Refinance Scheme has been designed by the State
Bank in coordination with Meezan Bank Limited, in order to provide export finance to eligible
exporters on the basis of Islamic modes of financing. Efforts are underway to develop Islamic
money market instruments like Ijarah Sukuk to facilitate the banks in respect of liquidity and
SLR management.
Pakistan’s first Shariah compliant Mortgage facility is launched by Meezan Bank. Approved by
the Shariah Supervisory Board, the product enables home purchase, home construction,
renovation, as well as replacement of any existing mortgage. Al Meezan Investment
Management Limited (AMIM), a group company of Meezan Bank, introduces Meezan Islamic
Fund (MIF). MIF is an open-end mutual fund that is Shariah compliant. Meezan Bank’s asset
management arm, Al Meezan Investment Management Limited (AMIM), launches the Meezan
Balance Fund (MBF). The offering was oversubscribed 1.25 times.
In March 2005, to further strengthen & ensure strict Shariah compliance in bank’s operation a
dedicated and full fledged Product Development & Shariah Compliance (PDSC) department
was formally setup. The role of this research department is centralization of Product
development activities, new product research, Islamic banking training and Shariah Compliance
functions. The department works under the guidance & supervision of bank’s Shariah Advisor –
Dr. Muhammad Imran Usmani and the Shariah Supervisory Board of the Bank.
PDSC now plays a very critical and vital role at the bank by actively supporting new product
development activities, refining existing products menu, preparing product policies &
standardize agreements, imparting Islamic banking knowledge at various levels to new &
existing staff members, corporate customers and general public, coordinating with bank’s
Shariah Board, conducting regular Shariah audits & reviews
During 2005, Meezan Bank launches the Meezan Islamic Institution Deposit Account (MIIDA),
a unique product tailored exclusively for Islamic Financial Institutions (IFIs). The facility is the
first of its kind in Pakistan, whereby Islamic Banks (including dedicated, as well as conventional
Islamic windows) now have the opportunity to manage excess liquidity by maintaining a
checking account with Meezan Bank specifically designed for this purpose.
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).
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 value
through an organizational culture based on learning, fairness, respect for individual enterprise
and performance.
Our Service mission
To develop a commited service culture which
ensure the consistent delivery of our products and
services within the highest quality service parameters,
prmoting Islamic values and ensuring recognition and
a quality banking experiences to our customers.

“I wish Meezan Bank success in initiating the cause of

Riba-free banking”
General pervaiz musharraf president of Pakistan
Meezan bank Inauguration
September 2002
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

Wamiq Rizvi

Irfan Siddiqui (President & Chief Executive Officer)

Share Holders Rs. in million %

Noor Financial Investment
Ariful Islam Company, Kuwait
3,027 45.52
(Chief
Pakistan Kuwait Investment
Operating Company (Pvt.) Limited
1,995 30.00
Office
Islamic Development Bank, Jeddah 620 9.32
Others 1,008 15.16

Paid up Capital 6,650 100 %

 Southern Central Northern
Region Region Region

Abbottabad
Hub (Lasbela) Bahawalpur

Dera Ismail
Hyderabad Daska
Khan
Shareholding Structure
Dera Ghazi
Karachi Gujar Khan
Khan

Nawabshah Faisalabad Haripur

Quetta
Gojra Islamabad

Sakrand Gujranwala Kohat

Sukkur Jhang Mansehra

Meezan's Branch Network Tando Adam Kasur Mardan

Alhamdolillah, Meezan Bank has established 166 Tando-Allah-

Lahore
branches in 40 cities across Pakistan. This is a Yar Muzaffarabad
milestone that is not only the success story of
Meezan Bank but also the continuing success story Mandi
Peshawar
Bahauddin
of Islamic Banking in Pakistan. With this extensive
network, our existing and potential customers are Rawalpindi
Mian Channu
now closer than ever in attaining Islamic Banking at
their doorstep. All branches provide real time online Multan Swat
banking facilities to customers.
Okara
As the first and largest dedicated Islamic Bank in
Pakistan, Meezan Bank team continues to build on Rahim Yar
Khan
its Vision of establishing "Islamic Banking the
Banking of First Choice". One of the key objectives Sadiqabad
of the Bank is to have its footprint strategically
placed throughout the country enabling the public Sahiwal
to avail the benefits of Shariah Compliant Banking in
their neighborhood. Sargodha

The Bank is currently segmented into three Regions Sheikhupura

of Pakistan. The cities in which the Bank presently
Sialkot
operates are as follows: