Meezan Bank surpasses USD 1.5 billion in deposit inflows under Roshan Digital Account and retains industry leadership.

Meezan Bank, Pakistan’s leading Islamic bank, has surpassed USD 1.5 billion in deposit inflows under Roshan Digital Account (RDA). The State Bank of Pakistan launched RDA in collaboration with various banks across Pakistan to offer innovative banking solutions to Non-Resident Pakistanis interested in accessing banking and investment services in Pakistan.

Since the inception of RDA in September 2020, Meezan Bank has been playing an active role in supporting the initiative, aiming to promote financial inclusion and propelling the country’s overall economic development. With over 88,000 accounts from 144 countries, the Bank’s record deposit inflows reaffirm its position as the top performer in RDA in the industry, sustaining a market share of around twenty-five percent.

Mr. Ijaz Farooq – Group Head Retail Banking, Commercial, SME & Agri Finance, Meezan Bank, while commenting on this achievement, said: “As the largest Islamic bank meeting the Shariah-compliant banking needs of Pakistanis residing abroad, Meezan Bank has been steadfast in its support for the RDA initiative and in attracting foreign currency inflows to the country. Today, as we cross the USD 1.5 billion deposit inflows, we thank our overseas customers for their continuous patronage and trust in our services.”

 

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