Meezan received central bank approval to buy the local banking business of HSBC
This award recognises the firm for the development of a voluntary pension plan - Meezan Tahaffuz Pension Fund (MTPF) for individuals in Pakistan.
The plan is also the first Shariah-compliant solution in the country for retirement savings offered in June 2007. MTPF is also the largest voluntary pension fund in Pakistan with assets under management of over Rs7 billion (as on October 31, 2016).
The award was presented during the annual WorldPensionSummit conference in The Hague, Netherlands, to Al Meezan CEO Mohammad Shoaib. “We are thankful to our investors for their continuing confidence and trust in Al Meezan Investments,” said Mohammad Shoaib CFA, Chief Executive of Al Meezan Investments.
Published in The Express Tribune, November 20th, 2016.
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