Professional Documents
Culture Documents
University of Sindh
University of Sindh
University of Sindh
ROLL NO : 2K18/BBA/14
UNIVERSITY OF SINDH
1
ACKNOWLEDGEMENT
My First and foremost gratitude to “ALLAH” the Almighty for giving me the valor to
remain dedicated to make this internship report. Apart from it I take the opportunity to
acknowledge the real efforts of:
I would like to thank the almighty and my parents for their moral support and my
friends with whom I shared my day-to-day experience and received lots of
suggestions that improved my quality of work.
I express my sincere gratitude to Sir Sattar Ahmed Shah worthy director for
providing me an opportunity to for business internship at any business organization
DEDICATION
2
This internship report is dedicated to my father, mother and elder brother. I am also
thankful to my group members who worked hard and supported me during the
entire procedure. I’m also wishing to thanks to my friends for their moral support
and motivation.
Table of Contents
Acknowledgement...........................................................................................................................................1
Introduction of organization......................................................................................................................2
3
MEEZAN BANK LTD OF PAKISTAN......................................................................................................
Objectives...........................................................................................................................................................6
Introduction to Departments......................................................................................................................7
Conclusion.......................................................................................................................................................10
Recommendations........................................................................................................................................11
CHAPTER : ONE
INTRODUCTION TO MEEZAN BANK LTD
Meezan Bank Limited (MBL) (the holding company) was incorporated in Pakistan
on January 27, 1997 as a public listed company under the companies‟ ordinance,
1984 and its share quoted in Karachi stock exchange. MBL was registered as an
„Investment financing company on August 8, 1997 and carried on the business of
4
investment banking as permitted under SRO 585(I)/87 dated July 13, 1987 in
accordance and in conformity with the principle of Islamic shariah .
MBL was granted a „Scheduled Islamic commercial bank‟ license on January 31,
2002 and formally commenced operations as a scheduled Islamic Commercial
Bank With effect from March 20, 2002 on receiving notification in this regard
from State Bank of Pakistan (SBP) under section 37 of the Statement Bank of
Pakistan Act, 1956.
Meezan Bank Limited has 323 branches in 84 cities across Pakistan and it became
the 8th largest Bank in Pakistan in terms of branch network.
Meezan Bank Limited being an Islamic Bank offering its products to its customers
strictly in accordance with the SHARIAH COMPLIANCE. It is doing business in
Corporate Banking, Commercial Banking, Consumer Banking, retail Banking,
Investment Banking keeping in view the all norms and standards of Islamic
injunction.
Meezan Bank stands today at a noteworthy point along the evolution of Islamic
Banking in Pakistan. The banking sector is showing a significant paradigm shift
away from traditional means of business and is catering to an increasingly astute
and demanding financial consumer who is also becoming keenly aware of Islamic
Banking. Meezan Bank bears the critical responsibility of leading the way forward
in establishing a stable and dynamic Islamic Banking system replete with dynamic
and cutting-edge products and services.
5
The Bank has made fundamental and significant progress forward, and in doing so
has established a strong and credible management team comprised of experienced
professionals, which have achieved a strong balance sheet with excellent operating
profitability, including a capital adequacy ratio that places the Bank at the top of
the industry, a long-term entity rating of A+, and a short-term entity rating of A1+,
the highest short-term rating.
SHARIAH BOARD:
BOARD OF DIRECTORS:
6
Irfan Siddiqui (President & Chief Executive Officer)
Istaqbal Mehdi
Mohammed Abdul-Rehman Hussain
Nawid Ahsan
Ariful Islam (Chief Operating Officer)
Rana Ahmed Humayun
Mohammed Azzaroog Rajab
Ahmed Abdul Rahim Mohamed
CHAPTER : TWO
BRANCH NETWORK:
Meezan Bank Limited has 323 branches in 90 cities across Pakistan and it became
the 8th largest Bank in Pakistan in terms of branch network.
7
ACHIEVEMENTS:
Meezan Bank has reaffirmed its entity ratings at A+ for medium to long-term and
A1+ for shortterm. This rating was made by JCR-VIS Credit Rating Company,
which has also set Meezan Bank‟s outlook on medium to long-term rating as
“Stable”. The rating is yet another milestone achievement in the Bank‟s endeavor
to be the Bank.
VISION STATEMENT
8
MISSION STATEMENT
“To be a premier Islamic bank, offering a one-stop shop for innovative value added
products and services to our customers within the bounds of Shariah, while
optimizing the stakeholders value
“To develop a committed service culture which ensures the consistent delivery of
our products and services within the highest quality service parameters, promoting
Islamic values and ensuring recognition and a quality banking experience to our
customers”
OBJECTIVE:
“To develop a committed service culture which ensures the consistent delivery of
our products and services within the highest quality service parameters, promoting
Islamic values and ensuring recognition and a quality banking experience to our
customers”
9
CHAPTER : THREE
Assets Management
Retail Banking Division
Liability Division
10
Common Assets Division
Credit Administration Division
Human Resources Division
Finance Division
Treasury and International Division
Information Technology Division
Corporate Banking Division
Operation Division
Credit Risk Management Division
Control and Compliance Division
Establishment Division
Training, Research, Communication & Public Division
Consumer Banking Division
Credit Policy Division
Audit & Inspection Division
General Service Division
Law Division
Asset Management
The Bank invest funds on behalf of its customers (shariah compliant investment
product) and gives them access to a wide range of traditional and alternative
product offerings. For example open end funds, pension funds and closed end
funds.
11
Retail Banking Division
In this division bank deals with customers and execute their transaction directly.
Bank provide the service of savings, checking of accounts, mortgages, personal
loans, debit cards and ATM cards.
In this division, banks deals with the credit, banks gives loans to individuals
answer to the corporations.
This department of the bank conduct audit of all the branches and submit its
reports to the top level management to take corrective measures.
This division performs the duty of hiring the employees, training the employees as
well as retaining the employees and if necessary, firing the employees.
12
Finance Division
This division controls the overall activities relating to finance i.e. monitoring the
investment activities, financing activities, Debit and Credit of funds and reasons
thereof with proofs.
This division makes research about the new product, imparts training to newly
hired employees as well as old employees for innovation as per the rules and
regulation of State Bank of Pakistan.
Operation Division
This division controls the whole operation of all the branches and controls the cash
activities, cheques, account opening and other things about operations.
Law Division
This division engages the lawyers and gives them the power of attorney to protect
the bank to in courts of law where cases have been filled by the bank against
defaulters of loan as well as against the bank by the general public.
13
This division provides the relevant systems for working in the bank and protects
the data in computers at central place and controls the overall online system on
daily basis.
CHAPTER : FOUR
The organizational structure of the Bank consists of top level management, middle
level management and lower level management. The top level management
comprises of president, executive vice president, and divisional heads. The middle
level management comprises of departmental heads, SVPs and VPs. The lower
level management comprises of AVPs, Managers, and Operation Managers. The
14
reporting system at horizontal level is much effective and successful. The reporting
system at vertical level i.e. from lower level management to middle level
management is also accurate, timely and complete. The middle level management
gives information to high level management at which decision are made, rules and
regulations are amended keeping in view the present scenario
Ongoing consideration
While I had many useful experiences at MEEZAN BANK LTD, I feel that I still
need to develop my confidence levels by performing different tasks at
organization. I would have enjoyed more time facilitating and cooperative staff.
Conclusion
15
My experience with MEEZAN BANK LTD was crucial in my development as a
learner. I will take the lessons and skills I learned and apply them to my next
position.
Recommendation
The difference between the behaviors of the contractual, permanent employees was
quite obvious to say that permanent employees should review their behavior at
work.
16