Meezan Bank wins global award for ‘Best Is­lamic Bank for Trea­sury Man­age­ment’

Pakistan Today (Karachi) - - BUSINESS - PRESS RE­LEASE

KARACHI: Meezan Bank, Pakistan’s first and largest Is­lamic bank, has been rec­og­nized as the global win­ner of ‘Best Is­lamic Bank for Trea­sury Man­age­ment’ for 2016 by Is­lamic Fi­nance News of RED Money Group, Malaysia. In ad­di­tion to this global award, Meezan Bank has also emerged as a global run­ner-up for the ‘Most In­no­va­tive Is­lamic Bank’ prov­ing to be a ma­jor player in the Is­lamic fi­nance in­dus­try; par­tic­u­larly in the de­vel­op­ing eco­nomic struc­tures in the South Asian re­gion. Fur­ther­more, Meezan Bank has de­serv­ingly been named as the ‘Best Is­lamic Bank in Pakistan’, an award which has been con­ferred upon the bank for the 10th time ow­ing to its con­tri­bu­tions to the Is­lamic fi­nance in­dus­try. The bank has also been awarded ‘Pakistan Deal of the Year’ award for jointly ar­rang­ing and struc­tur­ing Rs 25 bil­lion Syndicated Long-term Is­lamic Fi­nance Fa­cil­ity to Power Hold­ing Pri­vate Limited. The Is­lamic Fi­nance News (IFN) awards hon­our the best in the Is­lamic fi­nan­cial in­dus­try across the world and are among the most pres­ti­gious and rec­og­nized awards in the global Is­lamic fi­nan­cial mar­kets. IFN con­ducts ‘Best Banks Poll’ ev­ery year to de­ter­mine the best Is­lamic fi­nance in­sti­tu­tions from around the world.

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