Meezan Bank Limited
By PSX Investors Zone · Updated October 20, 2026
Meezan Bank Limited (PSX: MEBL) is a Pakistan-based Islamic commercial bank listed on the Pakistan Stock Exchange. Incorporated in 1997, the bank began scheduled Islamic commercial banking operations in 2002. This company profile covers its business model, financial performance, earnings per share, dividend history, valuation indicators, business risks, and Shariah-screening research sources to support informed investor education.
About th## Company Overview
Meezan Bank Limited (PSX: MEBL) is a Pakistan-based Islamic commercial bank listed on the Pakistan Stock Exchange. The company was incorporated on January 27, 1997, received its scheduled Islamic commercial banking licence on January 31, 2002, and commenced operations on March 20, 2002.
The bank provides corporate, commercial, consumer, investment, and retail banking services.
Official sources:
Company Information
| Particular | Details |
|---|---|
| Company Name | Meezan Bank Limited |
| PSX Symbol | MEBL |
| PSX Sector | Commercial Banks |
| Year Incorporated | 1997 |
| Islamic Banking Operations Began | 2002 |
| Headquarters | Meezan House, C-25, Estate Avenue, SITE, Karachi, Pakistan |
| Financial Year-End | December 31 |
| Official Website | meezanbank.com |
Reference: Official PSX profile.
Business Model
Meezan Bank operates as an Islamic commercial bank. Its activities include corporate, commercial, consumer, investment, and retail banking.
To understand its business performance, investors should review income and expense trends, financing and deposit developments, asset quality, capital adequacy, regulatory disclosures, and the wider economic environment.
Fundamental Analysis
Fundamental analysis evaluates a company's financial performance, financial position, business risks, and valuation. For a bank, analysis should use banking-appropriate measures and the figures disclosed in its financial statements.
Key indicators to review include:
- Earnings per share (EPS)
- Profit after tax
- Return on equity (ROE)
- Return on assets (ROA)
- Cost-to-income ratio
- Asset quality and non-performing financing
- Capital adequacy
- Dividend per share
- Price-to-earnings (P/E) ratio
- Price-to-book (P/B) ratio
Ratios should be presented with the reporting period, calculation basis, and source. A single ratio should not be treated as sufficient evidence that a share is undervalued or suitable for investment.
Financial Performance
FY2025 published results
Meezan Bank's official announcement for the year ended December 31, 2025, reported the following figures:
| Indicator | FY2025 | FY2024 |
|---|---|---|
| Profit after tax | Rs. 89.0 billion | Rs. 101.5 billion |
| Basic EPS | Rs. 49.54 | Rs. 56.62 |
| Return on equity | 34% reported for FY2025 | Refer to the respective annual report |
| Total cash dividend per share for the year | Rs. 28 | Verify against the relevant annual disclosures |
The bank's FY2025 announcement states that the board approved a final cash dividend of Rs. 7 per share, bringing the reported total cash dividend for 2025 to Rs. 28 per share, including interim dividends.
Primary references:
- Meezan Bank — FY2025 Financial Results
- Meezan Bank — Annual Report 2025
- Meezan Bank — Financial Information and Reports
These figures are for the stated annual reporting period, not current-quarter results. Refer to the original report for the full financial statements, accounting notes, and any distinctions between consolidated and unconsolidated figures.
Financial Statements and Ratios
Investors should review the latest annual and interim financial statements before drawing conclusions about the bank's performance.
Important areas include:
- Profitability and earnings trends
- Assets, liabilities, and shareholders' equity
- Deposit and financing developments
- Asset quality and relevant credit-risk indicators
- Capital adequacy and regulatory requirements
- Operating expenses and efficiency
- Dividend distributions
Official financial documents: Meezan Bank Financial Information.
Market-based ratios such as P/E and P/B change with the share price and reported financial results. Any ratio displayed on this page should include its calculation date and source.
Dividend History
Dividend announcements provide information about cash distributions approved or recommended by the bank.
For FY2025, Meezan Bank's official results announcement reported a total cash dividend of Rs. 28 per share for the year, including the final dividend of Rs. 7 per share.
Before publishing a historical dividend table, verify each distribution against the corresponding official announcement. Include the amount per share, announcement date, relevant entitlement dates, payment details where available, and the reporting year.
Source: Meezan Bank FY2025 Results Announcement.
Past dividends do not guarantee future distributions.
Valuation Analysis
Price-to-Earnings Ratio (P/E)
The P/E ratio compares a share's market price with earnings per share. It should be assessed alongside earnings trends, the calculation period, and relevant banking-sector comparisons.
Price-to-Book Ratio (P/B)
The P/B ratio compares the share price with book value per share. For a bank, it should be considered alongside return on equity, asset quality, and capital strength.
Dividend Yield
Dividend yield compares the applicable annual dividend per share with the share price used in the calculation. Specify whether the dividend figure is historical or announced, and state the calculation date.
Do not use these indicators in isolation to conclude that MEBL is a buy or sell.
Shariah-Compliance Screening
Meezan Bank operates as an Islamic commercial bank. However, the bank's Islamic business model and the current Shariah-screening status of its listed shares are separate questions that should be documented accurately.
Current listed-share screening status: Under Review until verified against a current, authoritative equity-screening publication.
Before assigning a definitive status, check the latest applicable PSX Shariah-compliant index constituent list or other recognised screening source. Record the publication date, methodology, relevant reporting period, and source.
Do not assume that a company's Islamic banking identity alone confirms its current inclusion in a particular Shariah-compliant equity index.
Reference points:
Update this section when the latest applicable screening evidence has been verified.
Business Risks
Investors researching MEBL should consider relevant risks and uncertainties, including:
- Changes in economic conditions and banking-sector profitability
- Financing and credit risks
- Liquidity and capital requirements
- Regulatory and compliance developments
- Competition within the banking sector
- Changes in earnings, expenses, and asset quality
These are general research considerations, not claims that a specific risk has materialised at Meezan Bank. Any company-specific conclusion should be supported by its latest financial statements and official disclosures.
Official Reports and Announcements
Use these primary sources to verify the latest company information:
- PSX MEBL Company Profile, Financials, and Announcements
- Meezan Bank Financial Information
- Meezan Bank Annual Report 2025
- Meezan Bank FY2025 Results Announcement
Where PSX displays standardised or summarised figures, consult the original company report before reproducing figures that require greater precision.
Investor Research Checklist
Before evaluating Meezan Bank, investors can:
- Read the latest annual and interim financial statements.
- Compare earnings and EPS across multiple periods.
- Examine relevant banking ratios and capital disclosures.
- Verify dividend announcements and entitlement dates.
- Review valuation indicators with their calculation dates.
- Confirm current Shariah equity-screening status from an authoritative source.
- Read recent PSX announcements and assess the underlying disclosures.
About PSX Investors Zone
PSX Investors Zone provides company research, financial education, and Shariah-conscious investing information to help investors understand listed businesses and make more informed independent assessments.
Disclaimer: This profile is for educational and research purposes only. It is not personalised investment advice and does not guarantee investment performance. Financial figures, market ratios, company disclosures, and Shariah-screening status should be checked against the latest official sources before being relied upon.e company
This profile is for educational purposes and is not a recommendation to buy or sell any security.