competing in the pakistan's financial market: islamic finance’s competitive ·...

Competing in the Pakistan's financial market:

Islamic Finance’s competitive advantage.

Irfan Siddiqui President & CEO Meezan Bank Ltd.

"We choose to go to the moon. We choose to go to the moon in this decade and do the other things, not because they are easy, but because they are hard, because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one we are unwilling to postpone, and one which we intend to win...“ September 12, 1962

Defining Purpose

Journey of Islamic Banking

in Pakistan

1. Meezan Bank Limited

2. BankIslami Pakistan Limited

3. Dubai Islamic Bank (Pakistan) Limited

4. AlBaraka Bank (Pakistan) Limited

5. Burj Bank Limited

1. Bank Al-Falah

2. Standard Chartered

3. Habib Metro Bank

4. Bank Al-Habib.

5. Faysal Bank Ltd.

6. Bank of Khyber

7. M.C.B.

8. U.B.L

9. N.B.P

10. H.B.L

11. Askari Bank

12. Soneri Bank

13. Silk Bank

“Establish Islamic banking as banking of first choice….”

0.4 1.3

1.8 2.6

3.8 4.8

5.9

7.2 8.4

10

12

14 15

0

2

4

6

8

10

12

14

16

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Perc

enta

ges

0

100

200

300

400

500

600

2003 2004 2005 2006 2007 2008 2009 2010 2011

8 30

50 84

147

202

283

390

521

8 14 23 34 55 70

100 131

170 Rup

ees i

n B

illio

ns

Industry Deposit

MBL Deposit

0

100

200

300

400

500

600

700

800

900

2003 2004 2005 2006 2007 2008 2009 2010 2011

17 48 70

150

289

515

651

751

886

10 16 28 62

100 166

201 222 275

Num

ber o

f Bra

nche

s

Total No. of Branches

MBL Branches

• Corporate 1

• Commercial / SME 2

• Investment Banking 3

• Consumer Banking 4

• Asset Management 5

• Murabaha

• Ijarah

• Musharakah

• Istisna

• Diminishing Musharakah

• Tijarah

10% 10%

80% = 136 million Population

Pakistan Population 170 million

• Shariah Compliance • Service Quality • Technology • R & D

Take a step towards me… and I will take ten

Walk towards me…

and I shall come running

Allah’s Help

“ Excellence

Excellence can be attained if you care more than others think is wise; dream more than others think is practical; and expect more than others think is possible! Anonymous

”

Jazak Allah & Thank you