Faysalbank.com[edit | edit source]

Faysal Bank Limited is a Pakistani Islamic bank based in Karachi. Here are the key points about Faysal Bank:

History and Overview: - Founded in 1987 as a subsidiary of Faysal Islamic Bank of Bahrain - Incorporated in Pakistan in 1994 as Al-Faysal Investment Bank - Converted to a full-fledged Islamic bank in 2022-2023 - Named after Mohammed bin Faisal Al Saud, son of the late King Faisal of Saudi Arabia - Listed on the Pakistan Stock Exchange

Services and Products: - Offers Shariah-compliant banking services including:

 - Corporate, commercial and retail banking
 - Investment banking 
 - Consumer financing
 - Trade finance
 - Treasury services

- Provides Islamic deposit products like current accounts, savings accounts, and investment certificates - Offers Islamic financing products like car finance, home finance, personal loans etc. - Digital banking services through mobile app, internet banking, ATMs etc.

Key Facts: - Network of over 700 Islamic banking branches across Pakistan - Serves retail, SME, commercial, agri-based and corporate customers - Offers Roshan Digital Accounts for overseas Pakistanis - Provides priority banking services for high net worth individuals - Has over 8,700 employees as of 2023

Digital Banking: - Offers Faysal DigiBank mobile app and internet banking platform - Provides services like fund transfers, bill payments, mobile top-ups etc. - Allows account opening and management through digital channels - Offers features like virtual cards, QR payments, scheduled payments etc.

Islamic Banking Focus: - Fully converted to Islamic banking in 2022-23 - All products and services are Shariah-compliant - Has a dedicated Shariah Board to oversee Islamic banking operations - Invests deposits in Shariah-compliant modes like Mudarabah, Musharakah, Ijarah etc.

In summary, Faysal Bank has transformed from a conventional bank to become one of the largest full-fledged Islamic banks in Pakistan, offering a wide range of Shariah-compliant banking and financial services through physical and digital channels.