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Faysal Bank Limited (Urdu pronunciation: [ˈfɛj.səl bɛŋk] FAY-sul-BANK) is a Pakistani Islamic bank based in Karachi. [2] [3] Founded as Al-Faysal Investment Bank in 1995, it became an Islamic bank in 2023. It is named after Mohammed bin Faisal Al Saud. Over the years, Faysal Bank has been involved in multiple controversies.
Faysal Bank: Financials Banks Karachi: 1994 Commercial bank P A Fecto Group: Conglomerates - Lahore: 1952 Cement, paper products, sugar mills, tractors, boards P A Ferozsons: Consumer services Publishing Lahore: 1894 Book publisher P A First Women Bank: Financials Banks Karachi: 1989 State-owned financial bank S A Fly Jinnah: Consumer services ...
Deutsche Bank AG (Deutsche Bank Pakistan) Citi Bank N.A (CitiBank N.A Pakistan) Industrial and Commercial Bank of China Limited (ICBC Pakistan) Bank of China [3] (Bank of China Pakistan Branch) The Hong Kong and Shanghai Bank (HSBC Bank Pakistan) The Bank of Tokyo-Mitsubishi UFJ (MUFG Bank Pakistan)
Mohammad Yousuf PP SI (Punjabi, Urdu: محمد یوسف; formerly Yousuf Youhana, یوسف یوحنا; born 27 August 1974) is a Pakistani cricket coach and former cricketer and captain, who played all three formats. [2] Prior to his conversion to Islam, Yousuf was one of the few Christians to play for the Pakistan national cricket team.
On the liability side, Summit Bank had minimal retail deposits and relied heavily on high-cost corporate deposits, resulting in a deposit cost of 14.5% in 2009—the highest in the industry. To address this, Lawai extended branch hours, introducing co-branded and prepaid debit cards, and focusing on remittances.
The Karachi Interbank Offered Rate (KIBOR) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Karachi wholesale (or "interbank") money market. [1]
The 2011–12 Faysal Bank T20 Cup was the eighth season of the Faysal Bank T20 Cup in Pakistan, sponsored by Faysal Bank.The season was to begin in the final week of September in Lahore but due to an outbreak of dengue fever, the tournament was shifted to Karachi. [1]
The bank started its operations on 7 April 2006 and began offering shariah-compliant retail banking, investment banking, consumer banking, and trade finance products. In May 2015, KASB Bank was acquired by BankIslami and later its branches were merged into BankIslami. [3] KASB Bank was formerly known as Platinum Commercial Bank. [4]