Faysal Bank

Overview

Faysal Bank is PSX: FABL + Pakistani Islamic bank + Ithmaar Bank Bahraini Islamic bank parent ~67%+ controlling + one of Pakistan's largest Islamic commercial banks + incorporated 1994 (operations began Jan 2 1995) as Pakistani commercial bank then 2014 Islamic banking conversion underway [1, pk-cro].

History

1994 — Faysal Bank Limited incorporated (operations began Jan 2 1995) as Pakistani commercial bank.

2014 — Faysal Bank Islamic banking conversion underway.

2014 — Faysal DigiBank mobile banking app launch.

Ownership & operator

Operating entity: Faysal Bank Limited (Pakistani Islamic bank; PSX: FABL).

Major shareholders: Ithmaar Bank (Bahrain Bourse: ITHMR; Bahraini Islamic bank; Dar Al-Maal Al-Islami Trust Saudi Arabian Islamic banking group + Crown Prince Mohammed bin Faisal Al Saud founding family ~50%+ controlling) ~67%+ controlling + Pakistani retail + institutional + foreign investors free float.

Regulators: SBP State Bank of Pakistan + DSN Shariah Supervisory Board.

Technical integration

Faysal DigiBank mobile app (iOS + Android) + faysalbank.com online + Faysal Bank branch network across Pakistan + Faysal Visa + Mastercard cards; PK IBAN + Raast + Pak-QR + Islamic-compliant retail + commercial banking (no interest; profit-sharing + Murabaha + Sukuk).

Implementations & partners

Ithmaar Bank parent: [[ithmaar-bank]] (Ithmaar Bank; Bahrain Bourse: ITHMR; Bahraini Islamic bank; Dar Al-Maal Al-Islami Trust controlling).

Major Pakistani banking + Islamic banking + payments competitors: [[habib-bank-pakistan]] (HBL Habib Bank; PSX: HBL; Pakistan's largest commercial bank by assets) + [[ubl-pakistan]] (United Bank Limited UBL; PSX: UBL) + [[mcb-pakistan]] (MCB Bank; PSX: MCB; Nishat Group Pakistani conglomerate parent) + [[allied-bank-pakistan]] (Allied Bank Limited; PSX: ABL; Ibrahim Group Pakistani conglomerate parent) + [[meezan-bank]] (Meezan Bank; PSX: MEBL; Pakistan's largest Islamic bank by assets) + [[askari-bank]] (Askari Bank Limited; PSX: AKBL; Pakistani commercial bank) + [[bank-alfalah]] (Bank Alfalah; PSX: BAFL; Abu Dhabi Group controlling) + [[standard-chartered-pakistan]] (Standard Chartered Pakistan; LSE: STAN + SEHK: 2888) + [[easypaisa]] (Easypaisa; Telenor Pakistan + Ant Group JV mobile money + bank) + [[jazzcash]] (JazzCash; Mobilink/VEON Pakistani mobile money).

Regulators: SBP State Bank of Pakistan + DSN Shariah Supervisory Board.

Status

Active, PSX:FABL + Pakistani Islamic bank + Ithmaar Bank Bahraini Islamic bank parent ~67%+ controlling + one of Pakistan's largest Islamic commercial banks + incorporated 1994 (operations began Jan 2 1995) as Pakistani commercial bank then 2014 Islamic banking conversion underway [1, 2].

Sources

• 1 Faysal — official
• 2 Faysal — Wikipedia
• pk-cro In-corpus: reports/countries/PK-pakistan.md

Source

Biography extracted from faysal-bank.md. See matrix.md for standards-support matrix if present.