Karachi, August 25, 2023 – The Federal Board of Revenue (FBR) has taken legal action against Faysal Bank Limited concerning a tax dispute related to the taxability of gains on a bargain purchase.
(more…)Tag: faysal bank
-
Faysal Bank Reports Impressive Half-Year Profit Growth to Rs7.53 Billion
Karachi, August 24, 2023 – Faysal Bank Limited (FBL) has announced a remarkable surge in its half-yearly profits, with the profit after tax soaring to Rs7.53 billion for the period ending on June 30, 2023.
(more…) -
Faysal Bank reports impressive 51% increase in net profit for 1QCY23
Faysal Bank Limited, one of the leading Islamic banks in Pakistan, has reported a remarkable 51% year-on-year increase in net profit for Q1 2023.
(more…) -
Faysal Bank offers grocery on installment at zero markup
KARACHI: Faysal Bank has entered into an agreement to finance its customers in buying grocery in installment at zero mark-up.
(more…) -
Faysal Bank declares Rs11.44 billion annual after tax profit for CY22
KARACHI: Faysal Bank Limited on Thursday declared Rs11.44 billion annual after tax profit for calendar year ended December 31, 2022.
(more…) -
Faysal Bank signs deal to facilitate interest-free buying of Apple products
Faysal Bank and Mercantile Pakistan have signed a deal for providing interest-free Apple products under Buy Now Pay Later (BNPL).
(more…) -
Faysal Bank signs agreement to facilitate foreign trade
KARACHI: Faysal Bank Limited has signed an agreement to facilitate foreign trade in an automated environment, according to a statement issued Thursday.
(more…) -
SBP grants Islamic banking license to Faysal Bank
KARACHI: State Bank of Pakistan (SBP) on Friday granted license of Islamic banking license to Faysal Bank Limited.
(more…) -
FBL awarded with best Islamic retail bank in Pakistan
KARACHI: Faysal Bank Limited (FBL) has been awarded with the best Islamic retail bank in Pakistan, a statement said on Tuesday.
With a keen focus on offering innovative Islamic retail banking products and services, Faysal Bank Limited (FBL) has been at the forefront of setting new benchmarks in the Islamic retail banking industry in Pakistan.
In recognition of the bank’s continued efforts, Faysal Bank was recently conferred the prestigious title of Best Islamic Retail Bank in Pakistan 2022 by the Awards Committee of the 8th Islamic Retail Banking Awards (IRBA) organized by Cambridge IFA at a ceremony held in Jakarta, Indonesia.
Commenting on the occasion, Yousaf Hussain, President and CEO of Faysal Bank said: “Alhamdolilah. We are humbled. This global recognition is because of the excellence achieved through belief, dedication, commitment and concerted efforts by the entire Faysal Bank team.
“It is due to the trust of our customers, who believe in our values and services as a leading Islamic Bank. We owe it to our Board of Directors for their strategic guidance and support. It is the beginning of our new journey as a full Islamic Bank…many more to come, Insha’Allah.”
FBL carries the highest local Sharia rating of SCFR1 by the International Islamic Rating Agency (IIRA) and provides the best and widest range of Shariah compliant banking products and services to meet their customer’s Halal banking needs with convenience. With an expanding network of almost 700 Islamic branches, Faysal Bank has a footprint in 253 cities/towns across Pakistan.
-
CFA society declares FBL as best bank
KARACHI: CFA Society has declared Faysal Bank Limited (FBL) as the best bank of the year 2021.
CFA Society Pakistan hosted the 19th edition of its prestigious Annual Excellence Awards in Karachi to recognize the outstanding performances of financial institutions, corporates and professionals. Faysal Bank Limited (FBL) was declared “Best Bank of the Year 2021” amongst mid-size banks of the country.
Yousaf Hussain – President & CEO, Faysal Bank Limited received the award from Jameel Ahmed – Governor, State Bank of Pakistan who graced the occasion as the Chief Guest.
Speaking on the occasion, Hussain said: “Alhamdolillah, we at Faysal Bank are honored and thankful to Allah Almighty for this coveted award. Our recognition today is a culmination of our journey of belief, planning, commitment and dedication, supported all the way by our Sponsors, Board of Directors, State Bank of Pakistan, employees and above all our customers.”
FBL carries the highest local Sharia rating of SCFR1 by the International Islamic Rating Agency and provides the best and widest range of Shariah compliant banking products and services to meet their customer’s Halal banking needs with convenience.
With an expanding network of almost 700 Islamic branches, Faysal Bank has a footprint in 253 cities/towns across Pakistan.