LAHORE (PPI) - Meezan Bank has been awarded the Best Islamic Financial Institution in Pakistan by Global Finance magazine at its Annual Awards for the Worlds Best Islamic Financial Institutions 2011. The winners were judged on the basis of contributing to the growth of Islamic financing and successfully meeting customers needs for Shariah-compliant products and creating the foundation for continued growth. Other factors that were considered included growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products. Subjective criteria included opinions of equity analysts, banking consultants and others involved in the industry.