Faysal Bank to convert into full-fledged Islamic banking institution

Published: January 30, 2019
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PHOTO: FILE

PHOTO: FILE

KARACHI: Pakistan’s premier banking institution, Faysal Bank Limited, reiterated its plans at IBA City Campus to convert into a full-fledged Islamic banking financial institution over the next few years. Faysal Bank currently has a branch network of 455 branches with 255 dedicated Islamic branches. Hundred new Islamic branches are to be opened this year and the bank intends to consolidate its network around 600 plus. Present at the event were Faysal Bank CEO and President Yousaf Hussain along with various dignitaries from both prestigious organisations. Speaking at the ceremony, Yousaf Hussain stated, “The fast-growing Islamic banking industry in Pakistan requires qualified and well-trained people in many disciplines and at all levels. Our partnership with IBA CEIF is a strategic alliance which will ensure the provision of skilled human resources in the field of Islamic banking. This partnership will not only benefit us, but the entire Islamic finance industry as well.”  

Published in The Express Tribune, January 30th, 2019.

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