Looks like Meezan Bank is going to go through some changes within its management as Syed Amir Ali has been appointed as the new Deputy President and Deputy CEO of Meezan Bank. Syed Amir Ali has been chosen by the board of directors to serve as the Deputy President and Deputy CEO of Meezan Bank.
He will assume the position of President and CEO after the retirement of Irfan Siddiqui in December 2025. The board made the decision to appoint Syed Amir Ali as Deputy CEO, and he is expected to join the bank on October 1st, 2023. Currently, he holds the position of CEO and President at BankIslami, where he has made significant contributions to the bank’s growth.
The appointment is subject to regulatory approvals, including the Fit and Proper Test clearance from the State Bank of Pakistan (SBP).
Irfan Siddique
Furthermore, in other but similar news, Irfan Siddiqui has been reappointed as the CEO and President of Meezan Bank for another term. He will continue to serve in this role until December 29, 2025. Irfan Siddiqui is the founder of Meezan Bank and holds the record for being the longest-serving President among all commercial banks in Pakistan.
Irfan Siddiqui is known as the highest-paid banker in Pakistan, with an annual salary exceeding Rs. 422 million. He built Meezan Bank from the ground up and played a significant role in advancing modern Islamic banking in Pakistan. Throughout his nearly 20-year career in Islamic banking, he has made substantial contributions to the progress and development of his bank and the Islamic banking industry as a whole.
Let’s hope this proves to be better for Meezan Bank. Let us know your thoughts in the comments below.
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