SUBMITTED BY : ADEEL HUSSAIN PANHWAR

ROLL NO : 2K18/BBA/14

SUBMITTED TO : MA’AM AISHA BASHEER SHAH

UNIVERSITY OF SINDH

1
 ACKNOWLEDGEMENT
My First and foremost gratitude to “ALLAH” the Almighty for giving me the valor to
remain dedicated to make this internship report. Apart from it I take the opportunity to
acknowledge the real efforts of:

First I would like to thank my University: UNIVERSITY OF SINDH JAMSHORO

for the valuable support and encouragement which it has given to me in the form of
this internship program.

I would like to thank the almighty and my parents for their moral support and my
friends with whom I shared my day-to-day experience and received lots of
suggestions that improved my quality of work.

It is my pleasure to be indebted to various people, who directly or indirectly

contributed in the development of this internship and who influenced my thinking,
behaviour, and acts during the course of internship.

I express my sincere gratitude to Sir Sattar Ahmed Shah worthy director for
providing me an opportunity to for business internship at any business organization

I also extend my sincere appreciation to Ma’am Aisha Basheer Shah who

provided his valuable suggestions and precious time in accomplishing my project
report.

DEDICATION

2
This internship report is dedicated to my father, mother and elder brother. I am also
thankful to my group members who worked hard and supported me during the
entire procedure. I’m also wishing to thanks to my friends for their moral support
and motivation.

Table of Contents

Acknowledgement...........................................................................................................................................1

Introduction of organization......................................................................................................................2

3
 MEEZAN BANK LTD OF PAKISTAN......................................................................................................

Shariah Board & Board of directors.........................................................................................................3

Branch Network & achievements………………………………………………………………………………..................4

Mission & Vision statement.........................................................................................................................5

Objectives...........................................................................................................................................................6

Introduction to Departments......................................................................................................................7

Organization Hierarchy chart...................................................................................................................8

On Going Consideration .............................................................................................................................9

Conclusion.......................................................................................................................................................10

Recommendations........................................................................................................................................11

CHAPTER : ONE
INTRODUCTION TO MEEZAN BANK LTD
Meezan Bank Limited (MBL) (the holding company) was incorporated in Pakistan
on January 27, 1997 as a public listed company under the companies‟ ordinance,
1984 and its share quoted in Karachi stock exchange. MBL was registered as an
„Investment financing company on August 8, 1997 and carried on the business of
4
investment banking as permitted under SRO 585(I)/87 dated July 13, 1987 in
accordance and in conformity with the principle of Islamic shariah .

A certificate of commencement of business was issued to MBL on September 29,

1997.

MBL was granted a „Scheduled Islamic commercial bank‟ license on January 31,
2002 and formally commenced operations as a scheduled Islamic Commercial
Bank With effect from March 20, 2002 on receiving notification in this regard
from State Bank of Pakistan (SBP) under section 37 of the Statement Bank of
Pakistan Act, 1956.

Meezan Bank Limited has 323 branches in 84 cities across Pakistan and it became
the 8th largest Bank in Pakistan in terms of branch network.

Meezan Bank Limited being an Islamic Bank offering its products to its customers
strictly in accordance with the SHARIAH COMPLIANCE. It is doing business in
Corporate Banking, Commercial Banking, Consumer Banking, retail Banking,
Investment Banking keeping in view the all norms and standards of Islamic
injunction.

Meezan Bank stands today at a noteworthy point along the evolution of Islamic
Banking in Pakistan. The banking sector is showing a significant paradigm shift
away from traditional means of business and is catering to an increasingly astute
and demanding financial consumer who is also becoming keenly aware of Islamic
Banking. Meezan Bank bears the critical responsibility of leading the way forward
in establishing a stable and dynamic Islamic Banking system replete with dynamic
and cutting-edge products and services.

5
The Bank has made fundamental and significant progress forward, and in doing so
has established a strong and credible management team comprised of experienced
professionals, which have achieved a strong balance sheet with excellent operating
profitability, including a capital adequacy ratio that places the Bank at the top of
the industry, a long-term entity rating of A+, and a short-term entity rating of A1+,
the highest short-term rating.

SHARIAH BOARD:

The members of the Shariah Board of Meezan Bank are Internationally-renown

scholars, serving on the boards of many Islamic banks operating in different
countries.

The members of the Shariah Board are:

 Justice (Retd.) Muhammad Taqi Usmani

 Dr. Abdul Sattar Abu Ghuddah
 Sheikh Essam M. Ishaq
 Dr. Muhammad Imran Ashraf Usmani - Shariah Advisor

BOARD OF DIRECTORS:

 H. E. Sheikh Ebrahim Bin Khalifa Al-Khalifa (Chairman)

(Undersecretary, Ministry of Finance & National Economy,Kingdom of Bahrain)

 Naser Abdul Mohsen Al-Marri (Vice Chairman)

6
  Irfan Siddiqui (President & Chief Executive Officer)
 Istaqbal Mehdi
 Mohammed Abdul-Rehman Hussain
 Nawid Ahsan
 Ariful Islam (Chief Operating Officer)
 Rana Ahmed Humayun
 Mohammed Azzaroog Rajab
 Ahmed Abdul Rahim Mohamed

CHAPTER : TWO

BRANCH NETWORK:

Meezan Bank Limited has 323 branches in 90 cities across Pakistan and it became
the 8th largest Bank in Pakistan in terms of branch network.

7
ACHIEVEMENTS:

Meezan Bank has reaffirmed its entity ratings at A+ for medium to long-term and
A1+ for shortterm. This rating was made by JCR-VIS Credit Rating Company,
which has also set Meezan Bank‟s outlook on medium to long-term rating as
“Stable”. The rating is yet another milestone achievement in the Bank‟s endeavor
to be the Bank.

Meezan Bank‟s ratings are based on its shareholding with world-renowned

financial institutions, pioneering role in the industry, strong management initiatives
in continuously introducing various range of Islamic products. The Credit Rating
agency JCR-VIS has expressed commendation to Meezan Bank management‟s
ability to deploy funds in core banking assets, which reflected healthy growth
trends last year:

VISION STATEMENT

“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”

8
MISSION STATEMENT

“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

SERVICE QUALITY MISSION

“To develop a committed service culture which ensures the consistent delivery of
our products and services within the highest quality service parameters, promoting
Islamic values and ensuring recognition and a quality banking experience to our
customers”

OBJECTIVE:

“To develop a committed service culture which ensures the consistent delivery of
our products and services within the highest quality service parameters, promoting
Islamic values and ensuring recognition and a quality banking experience to our
customers”

9
 CHAPTER : THREE

INTRODUCTION TO ALL DEPARTMENTS:

Meezan Bank Limited has been divided into following divisions:

 Assets Management
 Retail Banking Division
 Liability Division
10
  Common Assets Division
 Credit Administration Division
 Human Resources Division
 Finance Division
 Treasury and International Division
 Information Technology Division
 Corporate Banking Division
 Operation Division
 Credit Risk Management Division
 Control and Compliance Division
 Establishment Division
 Training, Research, Communication & Public Division
 Consumer Banking Division
 Credit Policy Division
 Audit & Inspection Division
 General Service Division
 Law Division

Asset Management

The Bank invest funds on behalf of its customers (shariah compliant investment
product) and gives them access to a wide range of traditional and alternative
product offerings. For example open end funds, pension funds and closed end
funds.
11
Retail Banking Division

In this division bank deals with customers and execute their transaction directly.
Bank provide the service of savings, checking of accounts, mortgages, personal
loans, debit cards and ATM cards.

Credit Administration Division

In this division, banks deals with the credit, banks gives loans to individuals
answer to the corporations.

Audit & inspection Division

This department of the bank conduct audit of all the branches and submit its
reports to the top level management to take corrective measures.

Human Resource Division

This division performs the duty of hiring the employees, training the employees as
well as retaining the employees and if necessary, firing the employees.

12
Finance Division

This division controls the overall activities relating to finance i.e. monitoring the
investment activities, financing activities, Debit and Credit of funds and reasons
thereof with proofs.

Training, Research, Communication & Public Division

This division makes research about the new product, imparts training to newly
hired employees as well as old employees for innovation as per the rules and
regulation of State Bank of Pakistan.

Operation Division

This division controls the whole operation of all the branches and controls the cash
activities, cheques, account opening and other things about operations.

Law Division

This division engages the lawyers and gives them the power of attorney to protect
the bank to in courts of law where cases have been filled by the bank against
defaulters of loan as well as against the bank by the general public.

Information Technology Division

13
This division provides the relevant systems for working in the bank and protects
the data in computers at central place and controls the overall online system on
daily basis.

CHAPTER : FOUR

ORGANIZATIONAL HIERARCHY CHART:

The organizational structure of the Bank consists of top level management, middle
level management and lower level management. The top level management
comprises of president, executive vice president, and divisional heads. The middle
level management comprises of departmental heads, SVPs and VPs. The lower
level management comprises of AVPs, Managers, and Operation Managers. The

14
reporting system at horizontal level is much effective and successful. The reporting
system at vertical level i.e. from lower level management to middle level
management is also accurate, timely and complete. The middle level management
gives information to high level management at which decision are made, rules and
regulations are amended keeping in view the present scenario

Ongoing consideration

While I had many useful experiences at MEEZAN BANK LTD, I feel that I still
need to develop my confidence levels by performing different tasks at
organization. I would have enjoyed more time facilitating and cooperative staff.

Conclusion

15
My experience with MEEZAN BANK LTD was crucial in my development as a
learner. I will take the lessons and skills I learned and apply them to my next
position.

Recommendation

The employees must be properly trained.

The difference between the behaviors of the contractual, permanent employees was
quite obvious to say that permanent employees should review their behavior at
work.

Feedback and proper guidelines should be given to employees by their managers to

encourage them.

16