Competing in the Pakistan's financial market: Islamic Finance’s competitive · 2014-08-19 ·...
Transcript of Competing in the Pakistan's financial market: Islamic Finance’s competitive · 2014-08-19 ·...
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