Meezan Bank has been awarded the ‘Best Islamic Bank in Pakistan’ for 2011 by Islamic Finance News (IFN) of RED money group, Malaysia. IFN awards honour the best in Islamic financial industry and is one of the most prestigious and recognised awards in the global Islamic financial markets. This is Meezan Bank’s 7th consecutive award in this category – having won the award of Best Islamic Bank in Pakistan every year since 2005. The award brings to light a highly successful and record breaking year for Meezan Bank. The bank demonstrated robust business growth in 2011, closing the year with a deposit figure of over Rs170 billion.