Skip to content
Advertisements

Meezan Bank becomes first Islamic bank to obtain license for IPO issue

Meezan Bank has become the first Islamic Bank in the country to be granted a license by the Securities and Exchange Commission of Pakistan to act as ‘Banker to the Issue’ for Initial Public Offering of Shares (both for Book Building and General Public portion) for companies going through listing at Pakistan Stock Exchange.

After successfully launching its electronic-Initial Public Offering (e-IPO) subscription facility for its customers, in which Meezan Bank was the first and only bank in Pakistan that allowed registered investors to make payments through all its Alternate Distribution Channels including Meezan Bank’s ATMs, Internet Banking and Mobile Banking Application, this BTI license enables the Bank to provide full range of Initial Public Offering services to its customers and the corporate sector in Pakistan.

Commenting on this occasion, the Deputy CEO of Meezan Bank, Mr. Ariful Islam said: “Meezan Bank is focused on providing innovative value-added services to customers leveraging on state-of-art technology. Customers will now be able to easily invest in new share issues by subscribing through the e-IPO facility.’’

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: