Meezan Bank and IBA sign Agreement
February 22, 2018:
The Institute of Business Administration, Karachi (IBA) recently
signed a fee collection agreement with Meezan Bank, Pakistan’s
first and largest Islamic bank. Under this agreement, the Bank
will provide Payments & Cash Management services to IBA through
the Bank’s state-of-the-art web based electronic solution ‘eBiz+’.
The agreement was signed by Mr. Ijaz Farooq, Group Head Retail Banking, Meezan Bank, and Mr. Moeid Sultan, Director Finance, IBA.
SOAP Based cash management solution, provided by Meezan Bank, will enable IBA to receive real-time information on cash collection. This will ensure low turnaround time for fee collection information with virtually 100% accurate data. IBA has initiated the service for its admission test fee collection, for now.