Managing the taxation affairs including income tax, sales tax, excise duties, customs, levies etc. Annual report 2011 annual report 2011 03 04 corporate objectives sindh bank s vision for promoting economic activities to empower the people of pakistan and create employment opportunities brings upon it an onerous responsibility to deliver results. The shareholders who also intend to receive the annual report including the notice of meetings via email are requested to provide their written consent on the standard request form provided in the annual report and also available on the companys website. Meezan bank as pakistans premier islamic bank, we couldnt be more humbled and grateful.
The financial statements of the bank were duly endorsed by ceo and. Pakistan telecommunication company limited annual report 2011. The directors of the company present herewith the annual report of your company together with the audited financial. It is a broadly described annual report of meezan bank limited in the year of 2015. It accepts deposits from individuals, firm and companies at a lower rate of interest and gives at higher rate of interest to those who need them. Financial information for the quarter and nine months. Bank with the best annual report 2018 from the first islamic bank in pakistan on january 31, 2002, meezan bank was granted the first ever islamic commerc.
During the financial year, the bank s total assets stood at rs. Al baraka bank pakistan limited meezan bank limited the bank of punjab dubai islamic bank pakistan limited. Meezan bank limited askari bank limited national bank of pakistan registered office factory 14. Annual report 2011 of meezan bank limited assignment point. Our outstanding performance has continued, with 2008 seeing the establishment of our 166th branch including 35 subbranches across pakistan. Meezan bank is managed by a team of professional bankers committed to the cause. State banks annual report of 2012 recorded national gdp growth of 3. This calculator will help you find how much tax savings you can get when investing in voluntary pension scheme meezan tahaffuz pension fund and in mutual funds. Profitability of meezan bank based on balance sheet and. Your directors are pleased to present the 24th annual report on the affairs of the company along with.
Meezan bank limited united bank limited bank alfalah ltd silk bank limited nib bank limited summit bank limited faysal bank limited mcb bank limited registered office. Over the years, meezan bank has been a forerunner in keeping up with new developments, and through the pages of this annual report, we introduce you to some of the services we provide to our customers both internal and external that are built on the best technologies available today. Meezan bank, balance sheet factors, operational items. During the financial year, the banks total assets increased from rs. We recognize and value our customers needs above all, and strive to. Financial statements 2011 national bank of pakistan. Meezan bank, has been awarded second prize for the best annual report in the financial sector jointly organized by the institute of chartered accountants of pakistan icap and the institute of cost and management accountants of pakistan icmap.
Our annual report contains detailed information on our strategy, financial results and sustainability performance. Meezan bank limited mcb bank limited national bank of pakistan. Meezan bank limited national bank of pakistan state bank of pakistan standard chartered bank pakistan ltd. I am inspired first and foremost by the dream, that sought to integrate the nations. Tax savings al meezan investment management limited. Collector, customs, sales tax and federal excise vide its order in original number 02 of 2009 dated 24 th january 2009 primarily based on.
Meezan bank limited habib bank limited auditors ms deloitte yousuf adil. The theme of this report highlights our customer service which is at the heart of our banking operations and our culture. The bank has published its annual report for the year 2016 indicating the organizations outstanding growth in the industry. View and download meezan bank s financial information, financial statements annually, half yearly, quarterly, shariah supervisory, board reports. Annual report 2016 defining banking through services.
To receive and adopt the annual audited accounts together with the directors and auditors report for the period ended june 30, 2015. Bank of pakistan not only for 2010 but also for 2011. Standard chartered bank pak ltd soneri bank limited allied bank limited united bank limited mcb bank limited national bank of pakistan bank alfalah limited habib metropolitan bank limited meezan bank limited js bank limited dubai islamic bank limited bank islami pakistan limited kohat cement company limited annual report for the year ended. Annual report 2011 for the year ended june 30, 2011 content s corporate information notice of meeting. By the grace of allah the performance of the year was marked with many. Industries limited notice of annual general meeting by order of the board salman farooq company secretary lahore october 09, 2015 annual report june 30, 2015 notice is hereby given that the thirtyfifth annual general meeting of the shareholders of the company will be held at the.
As discussed in the annual report of 2011, various steps taken for bringing. Habib metropolitan bank limited mcb bank limited meezan bank limited national bank of pakistan nib bank limited silkbank limited. The financial statements of the bank were duly endorsed by ceo. It is a broadly described annual report of meezan bank limited in the year of 2011. During the financial year, the banks total assets crossed half a trillion mark and reached rs. Notice of annual general meeting notice is hereby given that the forty ninth annual general meeting of dewan textile mills limited dtml or the company will be held on thursday, october 25, 2018, at 10. Invest 20% of your taxable income in meezan pension fund to save up to 20% more of your taxes. In 2002 mbl converts itself into a full fledged islamic commercial bank. Notice is hereby given that the 24th annual general meeting of the members of meezan bank limited will be held inshaallah on thursday, march 26, 2020 at 9. Nationa l bank of pakistan annual report 2017 15 mufti ehsan waquar ahmad mufti ehsan waquar ahmad is the chairman, shariah board at nbpaitemaad, and is among the few scholars who possess a unique combination of religious and contemporary education. Yet, looking back on the past two years, the steady improvement recorded by the bank in most key performance indicators is more than heartening.
Annual report 2015 of meezan bank limited assignment point. Financial highlights 2015 v s 2014 9% 9% 10% 22% 22% 32% 49% 161% ebitda sales revenue operating profit earnings per share profit after tax shareholders equity interest coverage market capitalization 2 maple leaf cement. Meezan bank limited national bank of pakistan nib bank limited. Introduction the bank commenced operations in 2002, on being issued the firstever islamic commercial banking license by the state bank of pakistan. To appoint auditors for the ensuing year, and to fix their remuneration messer deloitte. Noor financial investment company is a kuwaiti investment. Business performance year 2011 was yet again a year of excellent growth for dft. Availability of annual audited financial statements for the year ended december 31, 2019.
View and download meezan banks financial information, financial statements annually, half yearly, quarterly, shariah supervisory, board reports. As we commemorate ten years of meezan bank as pakistans premier islamic bank, we couldnt be more humbled and grateful. Bank alfalah limited meezan bank limited bank alhabib limited national bank of pakistan. Share rs net spread to gross return % profit before tax to gross income. Indeed, the vibrant growth along with sustained high performance in our first decade is. Corporate report 6 message from the managing director.
Meezan bank limited bank alfalah limited ubl ameen faysal bank limited barkat islamic banking. The bank operates strictly under the principles of islamic shariah and. Indeed, the vibrant growth along with sustained high performance in our first decade is unprecedented in the history of pakistan. It is a broadly described annual report of meezan bank limited in the year of 20.
Meezan bank ltd mbl established with a mandate to pursue islamic banking in 1997. Financial information for the quarter and nine months ended september 30, 2011. During 2011, meezan bank will continue to grow its corporate banking business while. Meezan bank limited national bank of pakistan soneri bank limited silk bank limited. Meezan bank limited bank alfalah limited islamic division. The financial statements of the fund were duly endorsed by the ceo. Annual report 20 of meezan bank limited assignment point. Bcr awards banking sector 2011 cfa association pakistan islamic bank of. The directors have pleasure in presenting the 42 nd annual report of the company and the auditors report thereon for the year ended june 30, 2011. Company information al baraka bank limited allied bank limited burj bank limited faysal bank limited habib bank limited meezan bank limited mcb bank limited national bank of pakistan nib bank limited standard chartered bank pakistan limited. After lots of negotiations a fixed sales tax regime was introduced in march 2011 by imposing 6%. Meezan bank limited nib bank limited standard chartered bank pakistan ltd.
To enable the bank to make tax deduction on the amount of cash dividend, all the members whose names are. Meezan bank limited national bank of pakistan standard chartered bank pakistan limited. Profit before tax 1,269 780 633 taxation 306 176 214 profit after tax 963 604 419. Notice of annual general meeting 76 auditors report to the members 80 statement of financial position 81. For the quarter ended september 30, 2011 quarter ended september 30 note 2011 2010 rupees in thousand income income from leasing operations 8,097 19,892 operating lease rentals 12,832 32,674 profit on musharakah investments 2,440 8,867 income from investment and placement 144 114 income from finances 4,630 3,210. Enter actual amount you wish to invest annually in vps. Strategic management report on meezan bank limited 2. Meezan bank limited national bank of pakistan nib bank limited the bank of punjab united bank limited. Looking back on this ride, i say with pride that i have been inspired, and i continue to be inspired. Best islamic retail bank in the world profit after tax rs 6. As you peruse our annual report, we invite you to take a quick journey.
Meezan bank limited was incorporated in pakistan on january 27,1997 as a public limited company under the companies act, 2017. Defining banking through service financials pakistan stock. Financial statements al meezan investment management limited. It is fitting that this years annual report is a tribute to naturewhere, like meezan bank, change is omnipresent. Amendments to ias 12 deferred tax on investment property effective for. Bank has shown a healthy increase of 63% with profit before tax increasing from.
Jawaid iqbal director muhammed jawaid iqbal is currently serving allied bank limited as group chief, corporate and investment banking and treasury. Industries limited is pleased to present the companys thirtyfifth annual report which includes. Total deposits of the bank increased by 24%, closing the. This is all about meezan islamic banking the first islamic bank in pakistan which is. Annual report 2011 the general tyre and rubber company of pakistan limited. Pre tax profit 102 1 233 259 294 603 lt liability262 276201166348 9. Overview pakistans cement industry witnessed a modest growth of 2. Pre tax profit 102 1 233 259 294 603 lt liability262 276201166348 9 equity 906 1,7 1,264 1,459 1,681 1,788.
Annual report 2011 annual report 2011 03 04 corporate objectives sindh banks vision for promoting economic activities to empower the people of pakistan and create employment opportunities brings upon it an onerous responsibility to deliver results. However, the above taxation measures on tyres were made effective from the beginning of the next. Financial information for the quarter and nine months ended. The bank was granted a scheduled islamic commercial bank license n january 31, 2000 and formally commenced operations as a scheduled islamic commercial bank with effect from march 20, 2002. The directors of your company are pleased to present to you the 6th annual report of the company for the year ended 31st december 2012. The prize is awarded on the basis of a very comprehensive marking scheme. Directors report the directors of the company present herewith the annual report of your company together with the audited financial statements for the year ended 30th june 20. Deduction of income tax from dividend under section 150 of the income tax ordinance, 2 001. Meezan bank has now completed 15 years of islamic commercial banking in pakistan, starting from humble beginnings with a network of 4 branches in 2002 to close the year 2017 with 601 branches. Director s report to the shareholder s dear shareholders, directors of your company are pleased to present fifth annual report of dawood family takaful limited dft for the year ended december 31, 2011.
Ebitda sales revenue operating profit earnings per share profit after tax shareholders equity interest coverage market. At the same time, the meezan team has been hard at work to ready the enabling structures for our future progress. Meezan bank limited legal advisors bawaney and partners advocates and investment and corporate advisor. Bank a bank is financial institution, which deals with money and credit. Annual report 2016 contents 02 company information 03 vision and mission statement.
On the shariah side, there are a number of scholars on. Plan 2007 2011 that was approved by the board in the 3rd quarter of 2007. The premier islamic bank meezan bank, pakistans first and largest islamic bank that offers a range of shariahcompliant products and services to cater your financial needs. Our perseverance over the last ten years has propelled us to this unique pedestal, that as individuals and as an organization, we are achieving self actualization.
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