Karachi (Muhammad Yasir) Meezan Bank, Pakistan’s leading Islamic bank recently held the Pakistan Final of CFA Institute Research Challenge 2020-2021 at Meezan House, in an event hosting the Winner and Runner-Up Teams of Karachi School of Business & Leadership (KSBL) and Institute of Business Administration (IBA), Karachi respectively. Meezan Bank was the subject company selected for this year’s challenge. Cash prizes were awarded to the top five teams while the Winner and Runner-up teams were presented with the opportunity to present their equity research to the Management of the Bank.
CFA Institute Research Challenge is an annual global competition by CFA Institute that provides university students with hands-on mentoring and intensive training in financial analysis and professional ethics. The participants compete in teams of three to five, to conduct an in-depth analysis of an assigned listed company, gaining real-time exposure as they assume the role of research analysts. Teams are evaluated on their analytical, valuation, report writing, and presentation skills.
This year 19 teams from 16 universities across Pakistan participated in the Local Challenge, with the top five teams presenting their equity analysis on Meezan Bank as the subject company of the competition. The top five included teams from the Institute of Business Administration (IBA), Institute of Business Management (IoBM), Karachi School of Business and Leadership (KSBL), and Sukkur IBA University (SIBAU).
While addressing the audience at the ceremony, Mr. Irfan Siddiqui – President & CEO, Meezan Bank appreciated the students for demonstrating professionalism and sound analytical skills while presenting and defending their analysis to the judges.
Mr. Muhammad Asim, CFA – President, CFA Society Pakistan said, “The generous contribution of time and knowledge by over 40 finance and investment professionals, including faculty advisors, mentors, graders, and judges, for the competition is an investment in the professional development of future leaders of the industry.”