Faysal Bank - The fastest growing Islamic Bank in Pakistan.
Faysal Bank Limited is a leading Financial Institution in Pakistan with a legacy of service and innovation which spans over three decades.
The Bank is engaged in Retail, Corporate and Commercial banking activities and over the past few years has become one of the fastest growing banks in the country due to its significant growth from a size and scale perspective. Additionally, Faysal Bank has also doubled its branch network footprint in four years through the addition of 275+ new Islamic Banking Branches and now has a branch network which exceeds 550 branches and spans more than 200 cities across the country.
The Bank is currently in the process of converting into a full-fledged Islamic Bank - the largest such conversion of any conventional bank into an Islamic bank ever to have been initiated anywhere in the world. This is driven by the belief of the Shareholders and Management in the fundamental superiority of Islamic Banking as a business proposition given the wide range of products and services already available as well as the overall preference of customers for Shariah compliant banking solutions. To manage this complex conversion prudently, Faysal Bank has setup various internal governance mechanisms and as a principle is growing most new businesses organically under Islamic modes while slowly converting its conventional branches and operations to minimize risk and disruption.
Over the years, in addition to its brick and mortar related growth, Faysal Bank has also been investing in its people as well as its technology platforms to increase its customer-centricity and efficiency - the focus is to ensure that while growing and converting, Faysal Bank remains true to its heritage and culture of efficiency, customer-centricity and simplicity. The idea is to ensure that customers have options which are aligned with their preferences - if they want to do transactions from the comfort of their home, they should have convenient alternates, if however, they want the high touch branch experience, they should be assisted through trained staff who understand their needs well.
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