Faysal Bank Limited
PPSX:FABL90.41
PKR
-0.71
(-0.78%)
Faysal Bank Limited
PSX:FABL
(Pakistan Stock Exchange)
Recent
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90.41
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ROIC.AI
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- Business
- Faysal Bank Limited provides a comprehensive range of Shariah-compliant commercial, retail, corporate, and digital banking products and financial services in Pakistan. The bank operates through four principal business segments: Retail Banking, Corporate and Investment Banking, Treasury and Equity Capital Market (ECM), and Special Asset Management (SAM). The company offers deposit and savings products, including Islamic current accounts, basic banking accounts, savings accounts, recurring deposit schemes, term deposit certificates, foreign currency accounts, and specialized Roshan Digital Accounts for overseas Pakistanis; consumer financing solutions comprising Shariah-compliant home financing (Faysal Islamic Home Finance), auto financing (Faysal Islamic Auto Finance), personal financing based on Tawarruq, solar energy financing, and secured personal loans; credit, debit, and prepaid card products, notably its Noor Islamic credit cards, Mastercard and Visa debit cards, and contactless payment solutions; commercial and corporate banking services, including working capital finance, term finance, syndicated facilities, project financing, Islamic debt capital market solutions, corporate advisory, and cash management; trade finance services encompassing import and export financing, documentary credits, letters of credit, shipping guarantees, and bank guarantees; treasury and capital market solutions, including foreign exchange trading, Shariah-compliant money market operations, Sukuk investments, liquidity management, and equity market execution; and digital banking services delivered through the Faysal digibank mobile application, internet banking, WhatsApp banking, Faysal Self Invest online trading platform, and biometric remittance services. In addition, the bank provides asset management, mutual funds, and wealth management services through its subsidiary, Faysal Asset Management Limited; foreign exchange bureau services through Faysal Islami Currency Exchange Company; Bancatakaful (Islamic insurance) plans; and tailored financial solutions for small and medium-sized enterprises (SMEs), agricultural clients, women entrepreneurs, and freelancers. Faysal Bank Limited was founded in 1987 as the Pakistani branch operations of Faysal Islamic Bank of Bahrain, was incorporated locally as a public limited company in 1994, and is headquartered in Karachi, Pakistan. The bank operates as a subsidiary of Ithmaar Bank B.S.C., a Bahrain-based Islamic financial institution. The bank maintains an extensive physical distribution network comprising more than 900 Islamic banking branches across over 360 cities nationwide, alongside automated teller machines (ATMs) and digital touchpoints. In recent major company developments, Faysal Bank completed a full-scale institutional transformation, transitioning from a conventional commercial bank into a 100% full-fledged Shariah-compliant Islamic bank, marking one of the world's largest conversions in Islamic banking history. In recent operational and strategic expansions, the company launched Faysal Islami Currency Exchange Company (FICEC) as a wholly owned exchange company subsidiary following regulatory licensing from the State Bank of Pakistan. The bank also introduced Pakistan's first 24/7 unmanned Self-Serve Digital Lobby in Lahore, enabling automated, rapid debit and Noor card issuance alongside instant digital self-service execution. Furthermore, the institution entered into a strategic Banking-as-a-Service (BaaS) partnership with NymCard to empower domestic fintech infrastructure, integrated digital payment solutions with Google Wallet and Alliance Network, collaborated with Pakistan State Oil (PSO) on digital payment innovations, partnered with Akhuwat Foundation and The Citizens Foundation (TCF) on interest-free green solar financing initiatives, and teamed with digital healthcare platforms such as OlaDoc to provide value-added digital health services for home remittance beneficiaries.