Meezan Bank and Arif Habib to offer top-up service for investors
Meezan Bank, Pakistan’s premier Islamic bank, and Arif Habib Limited, a
leader in investment banking, have joined forces to revolutionize the investor
experience with the launch of an innovative Instant Top-Up Service.
The collaboration was formalized with a Memorandum of Understanding (MoU)
signed by Mr. Shahid Ali Habib, CEO of Arif Habib Limited, and Syed Amir Ali,
Deputy CEO of Meezan Bank, in the presence of senior executives from both
organizations.
Seamless and Instant Transactions
The new service enables Meezan Bank customers to instantly top up their Arif
Habib Limited investment accounts using the bank’s Alternate Distribution
Channels, including the Meezan Mobile App, Internet Banking, and ATMs. This
replaces the manual process of transferring funds and submitting proof of
deposit, offering a faster and more efficient solution for investors.
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By automating fund transfers, the Instant Top-Up Service simplifies account
management, reducing complexity and saving valuable time for investors.
Leadership Comments
Syed Amir Ali, Deputy CEO of Meezan Bank, emphasized the service’s alignment
with the bank’s digital transformation strategy:
"The Instant Top-Up Service is part of our commitment to digitalizing
and streamlining financial transactions. This collaboration with Arif Habib
Limited underscores our dedication to Shariah-compliant innovation, offering investors
a seamless and efficient way to manage their funds. Together, we are enhancing
the digital banking landscape in Pakistan."
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Mr. Shahid Ali Habib, CEO of Arif Habib Limited, highlighted the
partnership’s significance:
"We are thrilled to partner with Meezan Bank to deliver swift and
secure digital payment solutions for our clients. This collaboration reflects
our commitment to integrating cutting-edge technologies that simplify
transactions and enrich the investor experience. It’s a pivotal step in driving
the digital transformation of Pakistan’s financial sector."
Driving Digital Transformation
This strategic partnership between Meezan Bank and Arif Habib Limited marks
a milestone in Pakistan’s financial landscape, providing investors with a
modern, efficient, and user-friendly solution. It represents a shared vision to
harness innovation and enhance the customer experience, driving the evolution
of digital banking and investment services in the country.
Source: Daily Times