Sponsors
We are supported and sponsored by the leading financial institutions of Pakistan.
Meezan Bank Limited is the Premier and the Largest Islamic Commercial Bank in the country, which has successfully pioneered the development and marketing of a number of Islamic Banking products in Pakistan.
Pak Kuwait Investment Company, a Joint Venture between the Governments of Pakistan and Kuwait, is a leading Development Financial Institution (DFI) engaged in investment activities in Pakistan.
Meezan Bank Limited, commenced operations in 1997 as Al Meezan Investment Bank Limited. It converted to Meezan Bank Limited, a full-fledged Islamic commercial bank in 2002, when the State Bank of Pakistan issued Pakistan’s first Islamic Commercial Banking license. Concurrently, the Bank acquired the Pakistan operations of Societe Generale and started commercial banking with a small network of four branches, that has now grown to become one of the largest banking networks in the country with 1,004 branches in 334 cities.
Meezan Bank is a public listed company sponsored by leading financial institutions from Pakistan and the Middle East. The Bank offers a complete range of Islamic banking products and services through an extensive retail banking network. Meezan Bank has a strong Shariah compliance setup that comprises a dedicated Shariah Compliance Department, a Resident Shariah Board Member and a Shariah Board comprising of internationally renowned Shariah scholars. The Bank also has an internationally renowned Shariah Board Chaired by Justice (Retd.) Muhammad Taqi Usmani, an internationally renowned figure in the field of Shariah, particularly Islamic Finance.
The Bank is well-recognized for its product development capability, Islamic banking research and advisory services at both national and international levels.
The VIS Credit Rating Company Limited has reaffirmed the Bank’s medium to long-term entity rating as AAA (Triple A) and its short-term rating as A1+ (A One Plus) with stable outlook. Meezan Bank is the only full-fledged Islamic bank with AAA credit rating in the Islamic banking industry of Pakistan.
You may visit their website for more details: www.meezanbank.com.
Pakistan Kuwait Investment Company (Private) Limited (PKIC) is Pakistan’s leading Development Financial Institution (DFI) engaged in investment and development banking activities in Pakistan. PKIC was established as a joint venture between the Governments of Pakistan and Kuwait in 1979. The Company initiated operations with a paid-up capital of PKR 62.50 million. Over the years, paid up capital increased to PKR 16 billion while currently the total equity stands at PKR 34.3 billion, reflecting upon company’s impressive performance since inception.
Pakistan Kuwait Investment Company (Private) Limited (PKIC) was established with an objective of financing economically viable and technically feasible projects. PKIC as a Development Financial Institution has played a pivotal role in promoting industrial activity, by way of equity and debt investment in key areas of the economy. PKIC supports infrastructure development and enhance real economic activity. PKIC is a progressive and evolving organization providing attractive returns on investment to its shareholders. PKIC’s impressive history of dividend payout is a testimony to its investor-friendliness.
Pakistan Credit Rating Agency (PACRA) has affirmed PKIC’s long-term and short-term entity ratings at ‘AAA’ and ‘A1+’ respectively. As the only DFI in Pakistan with the highest ratings, this recognition reflects PKIC’s strong capacity for timely financial commitments, highlighting our creditworthiness and stability. VIS Credit Rating Company Limited has reaffirmed PKIC’s Corporate Governance Rating at ‘CGR 9+’, indicating a very high level of corporate governance. This rating showcases PKIC’s dedication to transparency, accountability, and fair play, driven by our Board of Directors and executive management.
You may visit their website for more details: www.pkic.com.
