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]
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| Public | |
| Traded as | PSX: FABL |
| Industry | Islamic banking |
| Founded | October 3, 1994 |
| Headquarters | Karachi, Sindh, Pakistan |
Key people | Yousaf Hussain Chief Executive & President[1] |
| Products | Islamic banking, loans, consumer banking, credit cards, savings |
Number of employees | 3,610 |
| Parent | Ithmaar Bank |
| Website | faysalbank |
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]
References
- "Senior Management - Faysal Bank".
- "A Bank in Pakistan is Splurging on 200 New Branches". Bloomberg. 1 May 2019. Retrieved 6 August 2020.
- "About Faysal Bank". Archived from the original on 2011-10-11. Retrieved 2011-09-24.
- "RBS sells its operations in Pakistan". BBC. 16 June 2010. Retrieved 6 August 2020.
- "Pakistan's Faysal Bank to convert into Islamic bank". Reuters. 2014-03-25. Retrieved 2020-07-09.
External links
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