Meezan Bank to Launch 2 Islamic Credit Cards

Meezan Bank Limited (PSX: MEBL) is set to introduce two Islamic-compliant card products in 2027, according to the company's 2026 analyst briefing. The Meezan Charge Card and Islamic Financing Card will differ from traditional credit cards and have already received Shariah approval. These products are currently undergoing soft launch and soft development, respectively, with full commercial rollout expected by 2027.

Deposits at Meezan Bank surged 23% year-on-year and 3% quarter-on-quarter to Rs. 3.7 trillion in June 2026, giving the bank a 9.15% share of the deposit market. The bank's cost-to-income ratio increased to 30% in the first half of 2026, up from 25% in the same period last year, but remains below the industry average. Meezan Bank plans to maintain its "phygital" banking model, which combines physical branches with digital services, while pursuing a growing list of Shariah-compliant investment instruments.