Meezan Bank has significantly expanded its footprint in Pakistan's automotive sector, securing a 24% market share in car financing.
The lender's Islamic Car Ijarah portfolio has grown rapidly, positioning the bank as a dominant player in vehicle lending despite broader economic challenges in the region.
This growth in asset quality and market penetration stands in contrast to recent regulatory setbacks for the institution.
The Islamabad High Court recently dismissed a petition filed by Meezan Bank challenging the constitutional validity of Section 4C of the Income Tax Ordinance.
The ruling effectively upheld the levy of a super tax on the lender, creating a complex backdrop of operational success against fiscal pressure.
The bank's ability to capture nearly a quarter of the car financing market suggests strong consumer demand for Sharia-compliant auto loans.