Meezan Bank Financial Performance

Pakistan Islamic Banking Industry Islamic banking assets reached Rs 8.1 Trillion by the end of June 2023 : SBP LAN BANK Meezan Bank The Premier Islamic Bank According to Fitch Ratings (US-based credit rating agency), Islamic finance industry in Pakistan is expected to continue its growth trajectory over the medium term, driven by strong government push and steadily rising public demand for Islamic products. · Total 32 Banks (Branches: 15,837) registered in Pakistan, out of which 6 are full fledged Islamic Banks and 16 Banks have Islamic branch operations (Jun 23) Growth of Assets and Deposits of Islamic Banking Industry (PKR in Trillion) 8.1 7.2 · Branch network of IBS participants - 6,347 (Jun 23) • Islamic banking branches of full-fledged IBS - 2,678 (Jun 23) 3.3 5.9 5.6 5.2 4.3 4.2 3.4 2.7 2.7 • Asset base Rs 8.1 Trillion (20% of Total Banking Industry) (Jun 23) 2.3 2.2 1.9 • Deposit base Rs. 5.9 Trillion (22% of Total Banking Industry) (Jun 23) • CAGR of 26% and 22% between FY 2017- FY 2022 on Assets and 2017 2018 2019 2020 2021 2022 Q2 2023 Deposits respectively ■ Assets ■Deposits Federal Shariat Court (FSC) Decision In line with the FSC's decision for conversion of conventional banking system into Islamic Banking, the State Bank of Pakistan (SBP) is targeting to fully transform the economy into a Shariah-Compliant financial system within the next five years Source: Jun 2023 SBP Compendium on Banking Sector 4

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