Meezan Bank, Pakistan’s leading Islamic bank, and Arif Habib Limited (AHL), a prominent name in investment banking, have partnered to revolutionize the investor experience in Pakistan through a strategic collaboration.
The partnership was formalized with the signing of a Memorandum of Understanding (MoU) and marked by the introduction of an innovative Instant Top-up Service for investors. The agreement was signed by Shahid Ali Habib, CEO of Arif Habib Limited, and Syed Amir Ali, Deputy Chief Executive Officer of Meezan Bank, in the presence of senior management from both organizations.
This new service enables Meezan Bank customers to instantly top up their Arif Habib Limited investment accounts via the Bank’s Alternate Distribution Channels, including the Meezan Mobile App, Internet Banking, and ATMs. Previously, investors had to manually transfer funds and submit proof of deposit, making the process time-consuming and cumbersome. The Instant Top-up Service eliminates these manual steps, offering a streamlined, efficient way for investors to manage their funds.
Syed Amir Ali highlighted the significance of this collaboration, stating, “The Instant Top-up Service is part of Meezan Bank’s commitment to digitalize and streamline financial transactions. This initiative strengthens our position as a leader in Shariah-compliant banking and provides a faster, more efficient way to top up investment accounts, enhancing the overall experience for investors. Our partnership with Arif Habib is a step forward in driving the evolution of digital banking in Pakistan.”
Shahid Ali Habib expressed his enthusiasm for the partnership, saying, “We are delighted to collaborate with Meezan Bank to facilitate swift and secure digital payments for our clients. This partnership underscores our commitment to offering seamless and efficient financial solutions that empower our customers. At AHL, we continuously strive to integrate advanced technologies to streamline our services and enhance customer experiences. This initiative is a significant milestone in our journey to drive digital transformation in Pakistan’s financial landscape.”
Source: propakistani.pk