BANKING OPERATION AND ISLAMIC

BANKING
Comparison between Meezan Bank &
Bank Alfalah

Session 2014-2016
Project Advisor
Mr. Hassan Kamran
NAME

Submitted By
ROLL NO

M. Shahbaz Maraj

026

Alia Mehmood

082

Adnan Ashfaq

022

Afzal Yousaf

073

Ahsan Anwar

080

POINTS

ISLAMIC BANK
MEEZAN BANK

CONVENTIONAL
BANK
BANK ALFALAH

Establish:

Al-Meezan Bank is established in Bank Alfalah Limited was launched on June

1997 with a mandate to pursue Islamic 21, 1997 as a public limited company under
Banking. Mr. Irfan Siddiqui appointed the Companies Ordinance 1984.
as first and founding Chief Executive
Officer.

Branches:

Meezan Bank has a network of 550 Bank Alfalah has a network of 574 branches
branches.

Net Profit:

Meezan Bank posted earnings of Rs5 Bank Alfalahs financial results for the nine
month period ended September 2015
billion for 2015, up 9.9% from the remained positive, with the Bank registering
profit of Rs4.5 billion in the profit before taxation of Rs. 10.283 Billion.
A solid growth of 68 percent, as against the
preceding year. With the earnings per corresponding period last year. The Banks
share of Rs5.01, Meezan Bank also Profit after tax was recorded at Rs. 6.044
Billion in September 2015 as compared to
announced through a stock notice on
Rs. 4.015 Billion in September 2014.
Monday a cash dividend of Rs1.25
per share that is in addition to the
interim dividend already paid at

Reason of
Profit:

Rs1.75 per share.

In contrast, other income of Meezan
Bank registered a YoY decline in
2015, hurting its bottom line. It
amounted to Rs4.6 billion, down
3.3% from a year ago. The major
reason for the decrease in other
income was the drop of 70.2% in the
net gain on sale of securities in 2015.
In addition, the banks income from
dealing in foreign currencies also
decreased 9.5% to Rs1.4 billion

Bank Alfalah continues to grow

consistently and deliver sound financial
performance despite a challenging external
environment. We continue to increase our
profitability and for the first time in the
Banks history, our profit before taxation
has crossed the Rs. 10 billion mark. We are
optimistic that we will continue to
maximize shareholder value while creating
innovative solutions to help our customers
succeed, said Atif Bajwa, President &
CEO, Bank Alfalah. As at 30 September
2015, the Banks Non-performing loans
(NPLs) ratio at 5.8 percent, is better than the
industry average.