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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.
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.
Askari Bank (Fauji Group) Islamabad: Bank Alfalah Limited (BAFL) Karachi: Bank Al-Habib Limited (BAHL) Karachi: Habib Bank Limited (HBL) Karachi: Habib Metropolitan Bank Limited: Karachi: JS Bank Limited (JSBL) Karachi: Standard Chartered Pakistan (SC Pakistan) Karachi: United Bank Limited (UBL) Karachi
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]
KASB Bank was formerly known as Platinum Commercial Bank. [4] In 2002, Khadim Ali Shah Bukhari & Company Limited (KASB) acquired the bank, and the two entities merged the following year. [4] The merger led to the renaming of the bank as KASB Bank in 2003. [4] BankIslami made an initial public offering in March 2006. [5] Banks portal
The State Bank of Pakistan gained autonomy, and United Bank Limited, which had collapsed, was recapitalized under central bank management. [1] In 1997, Pakistan initiated banking reforms to address long-standing issues within major state-owned banks, such as the National Bank of Pakistan (NBP), Habib Bank Limited (HBL), and United Bank Limited ...
The 2012–13 Faysal Bank T20 Cup was the ninth season of the Faysal Bank T20 Cup in Pakistan, which was held from 1 to 9 December 2012. The winning team received Rs 20 million as prize money while the runners-up received Rs 10 million.