Faysal Bank

The Faysal Bank Limited is a Pakistani Islamic and commercial bank, a subsidiary of the Bahraini bank Ithmaar Bank,[2] based in Karachi, Sindh, Pakistan.[3]

Faysal Bank Private Limited
Public
Traded asPSX: FABL
IndustryIslamic banking
FoundedOctober 3, 1994
HeadquartersKarachi, Sindh, Pakistan
Key people
Yousaf Hussain
Chief Executive & President[1]
ProductsIslamic banking, loans, consumer banking, credit cards, savings
Number of employees
3,610
ParentIthmaar Bank
Websitefaysalbank.com

History

It was incorporated in Pakistan on October 3, 1994 as a public limited company under the Companies Ordinance, 1984.

In June 2010, Royal Bank of Scotland sold its Pakistan operations to Faysal Bank for GB£34 million.[4]

In 2014 it announced that it plans to convert itselt into full-fledged Islamic Bank in three to five years.[5]

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gollark: Despite having worse time complexity than counter-based ones, sorts are the most popular.

References
  1. "Senior Management - Faysal Bank".
  2. "A Bank in Pakistan is Splurging on 200 New Branches". Bloomberg. 1 May 2019. Retrieved 6 August 2020.
  3. "About Faysal Bank". Archived from the original on 2011-10-11. Retrieved 2011-09-24.
  4. "RBS sells its operations in Pakistan". BBC. 16 June 2010. Retrieved 6 August 2020.
  5. "Pakistan's Faysal Bank to convert into Islamic bank". Reuters. 2014-03-25. Retrieved 2020-07-09.


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