Meezan Bank has become the first Islamic Bank in the country to comply with Central Depository Company (CDC) Regulations regarding Centralized Cash Dividend Register as issued by the Securities and Exchange Commission of Pakistan (SECP).
The Bank is therefore among the first in the country to offer a one window solutions for e-Dividend payments for its shareholders covering a full range of electronic services.
The one window solution for e-Dividend payments covers a full range of electronic services and will now allow Meezan Bank’s shareholders safer, efficient, innovative and hassle-free services to view a retrievable record of their cash dividend payments, tax returns and history.
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Moreover, this facility will additionally support the investors in filing their tax returns through the provision of an electronic dividend/zakat and tax deduction report.
Meezan Bank currently offers both dividend payments as well as an alternate for the physical notice portion of dividend warrant (counter foil) tax certificate issuance to its shareholders electronically,j allowing them to access a comprehensive record of their dividend payments, tax and Zakat deduction certificates in electronic form.
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Meezan Bank is the 7th largest bank in Pakistan and the leading Islamic bank of the country. The Bank provides a comprehensive range of Islamic banking products and services through a retail banking network of more than 600 branches.
