Meezan Bank, Pakistan’s leading Islamic bank, continues to demonstrate strong financial performance in 2025. Despite a moderate decline in Q1 2025 profits due to higher taxes and lower spreads, the bank’s FY 2024 results were record-breaking, reflecting solid growth in Islamic finance, Sukuk investments, and deposit mobilization.
Meezan Bank Annual Profit Highlights – FY 2024
Metric Amount (PKR) YoY Growth
Profit After Tax (PAT) 101.5–104 billion +20–21%
Profit Before Tax (PBT) 222.1 billion +31%
Earnings Per Share (EPS) 56.62–57.28 Up from 47.72
Dividend Payout Rs 28/share (Final Rs 7 + Interim Rs 21) –
Meezan Bank became the most profitable bank in Pakistan in 2024.
Growth was driven by Islamic financing, Sukuk investments, and strong deposit mobilization.
Effective tax rate was ~54%, with higher provisioning in Q4 due to IFRS-9 adjustments.
Meezan Bank Q1 2025 Performance
Metric Q1 2025 Q1 2024
PAT 22–22.42 billion ~25 billion
YoY Change –11–12% –
EPS ~12.3 –
Dividend Rs 7/share (interim) –
Key Notes:
Profit dip linked to reduced net spreads, high provisioning (Rs 1.85 billion), and 55% effective tax rate.
Non-funded income grew by 29%, mainly from foreign exchange, remittances, and digital banking fees.
Meezan Bank Key Financial Strengths
Area Details
Total Assets Rs 3.9 trillion (+30% YoY)
Total Deposits Rs 2.97 trillion (Q1 2025)
CASA Ratio 93%
Capital Adequacy 23.2% (Q1 2025)
NPL Ratio 2.1% (143% coverage)
Meezan Bank maintains a strong liquidity position and a healthy asset quality, reflecting stability even under regulatory and market pressures.
Islamic Banking Leadership
Market Share: >27% in Roshan Digital Accounts (RDAs) and one-third of Pakistan’s Islamic banking sector.
Shariah-Compliant Financing: Murabaha, Ijarah, Sukuk – no interest-based products.
Network & Innovation: 1,050+ branches in 351 cities, 3.1 million+ mobile banking users.
Recognition: Leader in Shariah-compliant retail and corporate financial services.
Challenges & Opportunities
Challenges:
Lower net spreads due to declining policy rates.
Higher taxation and provisioning requirements.
Rising costs of digital expansion and branch network growth.
Opportunities:
Rapid consumer shift toward Shariah-compliant financial solutions.
Continued growth in Islamic banking deposits and assets.
Non-funded income and digital banking driving future profitability.
Final Thoughts
Meezan Bank Net Profit 2025 marks a historic milestone in Pakistan’s Islamic banking sector. With over Rs 101 billion in annual earnings, unmatched asset growth, and a robust digital presence, the bank is well-positioned for sustainable growth despite short-term challenges.
Its long-term strategy emphasizes:
Shariah-compliant low-risk financing
Digital innovation and mobile banking expansion
Market leadership in Islamic finance products
Meezan Bank continues to set benchmarks for profitability, stability, and innovation, securing its position as a pillar of Pakistan’s Islamic banking industry.
