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  • Faysal Bank, K-Electric collaborate to ease customer’s payment

    Faysal Bank, K-Electric collaborate to ease customer’s payment

    KARACHI: Faysal Bank Limited (FBL), one of the leading Islamic Banks in the country, and K-Electric have come together to ease customer’s payment burden in times of economic crunch.

    As part of the collaboration, Faysal Islami Noor Card holders will now be able to pay their electricity bills through easy instalment plan options of up to 3 months. Faysal Islami Noor card has gained immense popularity amongst industry card customers because it is a Shariah compliant alternative to conventional credit cards that offers amazing discounts and offers.

    Speaking on the occasion, Head Consumer Finance (FBL), Aneeq Malik said: “Customer convenience has always been of paramount importance to the Bank and our partnership with K-Electric is a depiction of our commitment to our customers. We are confident that through the proposition will allow customers to manage their monthly expenditures in a more convenient and relaxed manner.”

    Delighted at the launch of this campaign, Chief Distribution Officer at K-Electric, Amer Zia said, “Our collaboration with Faysal Bank through this offer is another testament of our commitment towards providing maximum relief to our consumers”.

    Feroz Khan, Head Unsecured Business (FBL) further added, “We are committed to further building customer loyalty by offering the best in class products and benefits to our valued customers. This collaboration aims to ease customer expenditure on their KE billings specifically in the high billing periods.”

  • Faysal Bank to provide digital financial solutions to freelancers

    Faysal Bank to provide digital financial solutions to freelancers

    Faysal Bank Limited (FBL) will provide Shariah Compliant digital financial solutions and capacity building of freelancers.

    The partnership initiated since the inception of Pakistan Freelancers Association (PAFLA), a non-profit organization founded to empower Pakistani freelancers, covers joint mentorship programs, seminars, webinars, conferences, professional training events and certification courses on financial literacy, alongside facilitating Freelancers and start-ups to reach out to FBL for their needs of digital financial services.

    FBL Head Corporate and Investment Banking, Ali Waqar said: “FBL has been at the forefront of digital Pakistan initiative. In order to support freelancers, we were the first commercial bank in Pakistan to join the Global Network of Payoneer, facilitating freelancers and companies in receiving payments via home remittance channels.

    “Moreover, our recent collation with Punjab Information Technology Board (PITB) is also a testament of the ongoing efforts to support endeavors and activities of mutual interest for the facilitation of freelancers.”

    “FBL has launched Burraq Digital Freelancer Account (Islamic), which has opened door to host of banking services, including consumer finance and related payment services. FBL has actively participated in multiple events organized to support the digital technology, youth empowerment and freelancing ecosystem.” Aneeq Malik, Head of Consumer Finance and Payment Services, FBL added.

    Ibrahim Amin, Co-Founder and Chairman, PAFLA commented: “We are honored to have banking partner like FBL, this collaboration is key enabler for the Digital Pakistan initiative, enabling digital financial services for the growing gig economy. Through this collaboration, both the organizations would continue to extend their digital services to the masses and therefore contribute to the country’s most extensive digital initiative.”

    ]FBL’s partnership with PAFLA will drive financial inclusion. The market opportunity is significant since Freelancing has witnessed an incredible upward trajectory in Pakistan. Pakistani freelancers globally ranks 3rd in software development and technology and generate throughput of approx. $1 billion annually through providing freelance services on leading global platforms.

  • Faysal Bank joins hands for cricket promotion in Pakistan

    Faysal Bank joins hands for cricket promotion in Pakistan

    KARACHI: Faysal Bank Limited (FBL) has joined hands with Pakistan Cricket Board (PCB) for the promotion of Grassroots Cricket Development Program.

    An introduction and promotion event was recently held at a local hotel in Karachi in this regard.

    Faysal Islami, a leading Islamic bank, firmly believes in promoting all initiatives that contribute towards the positive projection of Pakistan, both nationally and internationally.

    Healthy sporting activities in general, and promotion of our current and future sporting stars in particular, is one avenue through which the Bank is actively playing its part towards a bigger national cause.

    “Diversity and Inclusion is a part of our core ethos, which entails grooming young talent and engagement on a positive and sustainable basis. The intent has always been to further strengthen the infrastructure for opportunities and development of the youth across all segments of society as we have immense talent that remains untapped,” said Yousaf Hussain, President & CEO of Faysal Bank Limited.

    Speaking on the occasion, Yousaf Hussain applauded the efforts of PCB towards the nurturing of talent in Pakistan and expressed the Bank’s keen intent to aggressively support PCB in this remarkable initiative also.

    Chairman Pakistan Cricket Board, Ramiz Raja said “I am delighted to welcome Faysal Bank on board. One of the core objective of the Pakistan Cricket Board is to strengthen the cricket base in the country by providing state-of-the-art facilities and the desired knowledge to cricketers from a very young so they groomed into top-notch cricketers, who are ready to serve the country at the international stage.”

    He further said: “Through this partnership, we will develop a strong grassroots structure to help our up and coming cricketers and bring foreign coaches into our domestic cricket who will impart their vast knowledge and depth about the game. It is vital to have coaches – who have coached and played around the world – at domestic level as that is where a player is fine-tuned and graduates to the international level.”

    Along with Ramiz Raja (Chairman PCB), the event was attended by PCB Board of Directors, Senior Management of FBL, dignitaries from the corporate world and other legendary cricketers. The guests were excited at the prospect, potential and promise of the program and hoped to see great outcomes as a result of it.

  • Faysal Bank celebrates 75th Pakistan Independence Day

    Faysal Bank celebrates 75th Pakistan Independence Day

    KARACHI: Faysal Bank Limited (FBL) celebrated Pakistan’s 75th Independence Day by organizing flag hoisting ceremony on Sunday.

    The heartwarming ceremony took place on the bank’s iconic branch located at Abdullah Haroon Road.

    The celebrations of the 75th anniversary required a platinum edge, therefore FBL decided to showcase Pakistan’s inclusivity by inviting the Special Olympic athletes to grace the occasion.

    READ MORE: Pakistan unveils first locally made electric car

    Athletes from Pakistan chapter of Special Olympics were invited to join FBL in this grand celebration of Pakistan’s Independence Day.

    FBL is enthusiastic to have these special champions shine with equal resonance.  The reverberation of their achievements becomes equally treasurable.

    Sports in Pakistan may have carried a national Flag, but their emotional impact far outweighs any other effect.

    READ MORE: Pakistan issues Rs75 banknote to celebrate Independence Day

    40 members of the athletic team joined the FBL families on Sunday morning to be part of flag hoisting ceremony along with cake cutting ceremony and Prizes were also distributed among special athletes to recognize their efforts in the field of sports despite having challenges. Each person held on to a mini flag to flutter and add cheer to an already vibrant environment.

    The President and CEO of FBL said, “Faysal Islami strongly believes in inclusion from all segments of the society.”

    READ MORE: Donald Blome visits Karachi to support US-Pakistan trade ties

    He also added that, “on this special day of 75th year of our independence it is important to remember that we have to work towards the shining Pakistan, FBL plays its role by providing economic opportunities in a Shariah Compliant manner.’’

    He further elaborated on the importance for society to endorse this need for inclusion and allow youth to aim for their dreams irrespective of their challenges.

    READ MORE: Pakistan Met office issues thundershower alert from August 14

  • Faysal Bank launches hotel booking services

    Faysal Bank launches hotel booking services

    KARACHI: Faysal Bank Limited, in partnership with Pakistan’s largest hospitality technology company – Ascendant, has launched a hotel booking platform for its customers that enables them to conveniently book hotels online through their website: www.faysalbank.com

    The website offers 1600+ hotels and guest houses in 50 cities across Pakistan. This initiative by Faysal Islami, a leading Islamic Bank of Pakistan and winner of Best Islamic bank for Transformation and innovation at the Global Islamic Finance Awards (GIFA), marks an integral step towards the promotion of domestic tourism. In addition, the bank also plans to introduce international hotels to this service to facilitate customers who wish to travel abroad.

    READ MORE: PITB, Faysal Bank sign MoU to facilitate freelancers

    Speaking on the occasion of the launch ceremony, Mr. Aneeq Malik, Group Head Consumer Finance and Payment Services Faysal Bank said: “We always aim to bring the best banking services to our customers at their fingertips. Faysal Bank has always believed in innovation and digitalization of services for the ease of customers. With Ascendant by our side, our customers can now not only check the rates of any hotel rooms across Pakistan but also book the hotel and pay online using their bank accounts, debit or credit cards through our website.”

    CEO of Ascendant, Mr. Andre Privateer said: As the only hospitality tech provider able to offer real time rates and availability at more than 80% of Pakistan’s hotels, we serve the tourism sector by making the online booking experience better for the consumer. Through this strategic alliance with Faysal Bank, individuals can now book and pay with ease through this platform on Faysal Bank’s website and soon to be launched on their mobile app as well.”

    READ MORE: FBR establishes IT center against cyber security attacks

    Head of Unsecured Business and Payment services Faysal Bank, Mr. Feroz Khan further added: “This business alliance is a testimony of our commitment to our customers. We at Faysal Bank, continue to strive to build loyalty by offering innovative products and benefits for our valued customers. This collaboration aims to make travel and tourism across all corners of Pakistan more accessible for our customers.”

    Faysal Bank is one of the most progressive Islamic banks in Pakistan and has concentrated on growth through improving service quality, investment in technology, people and utilizing its extensive growing Islamic branch network.

    Ascendant is a specialized hospitality technology company revolutionizing the tourism landscape in Pakistan by unlocking exceptional value for travel suppliers and customers.

  • PITB, Faysal Bank sign MoU to facilitate freelancers

    PITB, Faysal Bank sign MoU to facilitate freelancers

    LAHORE: Punjab Information Technology Board (PITB) and Faysal Bank Limited (FBL) have signed a Memorandum of Understanding (MoU) to facilitate freelancers across Pakistan.

    The ceremony of agreement signing was held at Arfa Technology Park on Wednesday June 1, 2022. The MoU was signed by PITB DG e-Governance Sajid Latif and FBL Head CIBG Ali Waqar on behalf of their respective organizations.

    Senior officials from both organizations including PITB’s JD Freelancing Wing Ahmed Islam, State Bank of Pakistan’s Senior Officer Ali Atta, and Payoneer’s Country Manager Mohsin Muzaffar and Partnerships Manager Affaf Noor were also present.

    According to the MoU, PITB and Faysal Bank would collaborate to support endeavors and activities of mutual interest for the facilitation of freelancers by offering them a “Digital Freelancer Account”.

    READ MORE: FBR establishes IT center against cyber security attacks

    In particular, FBL would provide the Digital Freelancer Account to existing and to-be PITB graduates as well as sponsor different events organized by PITB related to digital technology, youth empowerment, and freelancing ecosystem.

    Besides many other benefits, FBL would also give laptops to the top performer and mobile phones to the second and third top performers of each batch as an appreciation of emerging freelancers. Furthermore, FBL would market and give partner privilege to PITB owing to the organization’s large freelancers’ base across Pakistan (alumni and trainees).

    PITB is committed to providing work opportunities and imparting digital skills to freelancers across Punjab through various initiatives. Over the last year, PITB has extended its support nationwide through endeavors for aspiring entrepreneurs and freelancers hailing from diverse social backgrounds. PITB’s freelancing initiatives are catering both men and women alike, training them to be economically empowered.

  • Faysal Bank, TPL to offer women Takaful coverage

    Faysal Bank, TPL to offer women Takaful coverage

    KARACHI: Faysal Bank Limited & TPL Life Insurance (Window Takaful Operations) have signed an agreement to take a step towards further strengthening their existing partnership and introduced a Women specific Takaful coverage proposition for Faysal Islami Amal Women’s Account holders which is best in class across the industry.

    READ MORE: SBP issues list of banks operating in Pakistan

    Under this plan, women will get coverage for major critical illnesses, and the benefit of income continuation, along with unlimited online health consultation access via TPL Life’s mobile app and attractive discounts on lifestyle items. The agreement was signed by Yousaf Hussain, President and CEO Faysal Bank and Ali Jameel, Group CEO TPL Corp.

    READ MORE: Habib Bank tops in customers complaints list

    Yousaf Hussain – President & CEO, Faysal Bank said: “Faysal Bank is a progressive Islamic Bank which focuses on empowerment and financial inclusion of women. The Amal account is another step towards offering best in class services and financial solutions to our female customers. We look forward to further enhancing our collaboration with TPL Life to develop customer centric value propositions.”

    Ali Jameel – Group CEO, TPL Corp stated: “We are pleased to further expand and strengthen our partnership with Faysal Bank, who shares the same vision as ours to empower Pakistani women and recognize their importance and invaluable contribution to the society.

    “In line with this vision, TPL has always been at the forefront to offer women centric value propositions through its various platforms. I wish both the teams the best!”

    During the signing ceremony, Yousaf Hussain and Muhammed Ali Jameel were accompanied by their companies’ senior officials.