What is swot analysis of meezan bank?

Answer 1

Meezan BankLtd

Swot Analysis

• High charges for different activities such as online or Demand Draft as compared to competitors.

• Lack of promotions and advertising of their products and services.

• Lengthy & extensive documentation

• Centralized procedures making process slow

• Weak marketing strategy, Target market not identified

• Offering fewer services than the competitors

• Risk Averse, approach of Head office.

The Islamic economic system is not something that can work in isolation of the geo-political and legislative system, as well as, and more importantly the society's behaviors towards the injunctions of Islamic Shariah in personal and collective matters. Accordingly, one can easily imagine that in an economy whereby most of the businessmen are not honest in fairly presenting the financial statements of their businesses, how difficult it is to introduce a profit-and-loss sharing based financial solution.

• Meezan Bank Limited has no Credit card facility

• Restricted Shariah based policies