OUR STAFF REPORTER LAHORE - Meezan Bank Ltd has recorded robust growth of 92 percent in its half year after tax profit which increased to Rs1,382 million from Rs719 million in the corresponding period last year. Comparative Earnings per Share also increased to Rs1.72 from to Rs0.90. As a result of the strong profitability of the Bank, the Board approved a 10 percent interim cash dividend, continuing the Banks unbroken payout record since its date of listing on the Stock Exchange. The Board of Directors of Meezan Bank Limited in its meeting held on July 30, 2011 approved the financial statements of the Bank for the half year ended June 30, 2011. The Board also appointed Abdullateef A Al-Asfour as the Vice Chairman of Bank. During this period, the deposits of the Bank increased by 13 percent to Rs 148 billion on June 30, 2011. The growth in deposits reflects the strong demand for Islamic financial products and the dominance of Meezan Bank in the Islamic Banking industry. The Board also reiterated its confidence in the Banks branch expansion strategy that has enabled it to remain at the forefront of the Islamic Banking sector in Pakistan. The Bank has achieved growth in all business segments and consolidated its position as the leading Islamic Bank in Pakistan. The total assets of the Bank grew by 12 percent to Rs 173 billion over the half-year.