More

    Meezan Bank Strengthens Foothold in Forex Services, Launches its wholly owned Subsidiary – Meezan Exchange

    Meezan Bank, Pakistan’s leading Islamic bank has officially commenced operations of Meezan Exchange Company Limited (MECL), its wholly-owned subsidiary in Karachi. MECL will offer remittance and forex services to all customers. As an initial step in its journey, MECL will expand to 10 outlets nationwide within the first month of its launch with accelerated plans to launch 50 outlets within a year.

    The first Meezan Exchange branch, located at the Trade Tower, Karachi, was recently inaugurated by Mr. Irfan Siddiqui, Founding President & CEO of Meezan Bank, along with Mr. Zia Ul Hassan, Chairman of the Board MECL, Mr. Faisal Sarwar, CEO MECL, and senior management from Meezan Bank and Meezan Exchange.

    Meezan Exchange’s rapid roll out comes with the State Bank of Pakistan’s structural reforms in the exchange sector that aim to create local forex powerhouses with licenses to operate in the country. MECL has joined the country’s growing list of exchange companies and specializes in offering transparency and cost-effectiveness in every transaction, building upon its core strengths of offering efficient currency exchange rates, swift service, and a superior customer experience.

    Mr. Irfan Siddiqui remarked, “The launch of Meezan Exchange reinforces our commitment to delivering seamless financial solutions. We are on the path to building best-in-class financial solutions based on our Core Values of Shariah-compliance, Integrity, and Service Excellence. Meezan Exchange is a testament to the rapid strides we want to make in providing outclass remittance and multi-currency exchange services to both our corporate and individual customers.”

    Also Read: Risk Associates Certifies Meezan Bank as Pakistan’s First PCI 3DS Standard Compliant Bank

    Latest articles

    AAOIFI and Meezan Bank jointly hosted a public hearing session on the new AAOIFI Sukuk Standard

    The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) with Meezan Bank hosted a significant public hearing session on the draft Shariah Standard...

    Suleman Dawood School of Business Reaccredited by AACSB International

    AACSB International Board of Directors has extended the accreditation for the degree programmes offered by the Suleman Dawood School of Business (SDSB) at LUMS. In...

    Foreign Investors Express Concern Over Pakistan’s Security in OICCI 2024 Survey

    The Overseas Investors Chamber of Commerce and Industry (OICCI), has released the results of its latest Security Survey 2024, highlighting increasing concerns over the...

    Aoun Ali Khan: Captivating Audiences Across Music, Film, and TV with Unmatched Creativity

    Aoun Ali Khan, brimming with talent, has hit the music, film, and TV headlines in an extraordinary outpour of creative fervor. The multi-faceted artist,...

    Related articles