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Faysal Bank shared its journey of change at the 4th Round Table Conference on Islamic Banking.

The Fourth Roundtable on Islamic Banking was recently organized by a local media house with the aim of bringing all stakeholders under one roof so that the country can move forward on the path of growth and development of Islamic banking. Can be discussed. The doctor attended. Arif Alvi (President of Pakistan), Mr. Shaukat Tareen (Federal Minister of Finance), Dr. Dr. Raza Baqir (Governor State Bank of Pakistan) Ishrat Hussain (Advisor to the Prime Minister), at the conference. Yousuf Hussain (President and CEO of Faysal Bank Limited) and other notable speakers.

Speaking on the occasion, Mr. Yousaf Hussain, President & CEO of Faysal Bank Limited, shared Faysal Bank’s successful transformation experience from a conventional to an Islamic Bank. As the fastest growing Islamic bank in Pakistan offering a complete range of Islamic banking products and services, Faysal Bank has emerged as one of the major players in Pakistan’s banking industry. Currently, almost 90 percent of the Bank’s branch network is Islamic, making Faysal Bank the second largest Islamic network in Pakistan.

aysal Bank’s conversion has been recognized as the largest & most successful Islamic conversion globally. In appreciation of its unprecedented transition and remarkable growth, Faysal Bank has been recognized as the “Best Emerging Bank 2020” at the Pakistan Banking Awards (PBA). Marking its contribution and excellence in Islamic Banking, Faysal Bank has also been awarded with the “Best Emerging Islamic Bank 2020” recognition by the Global Islamic Finance Awards (GIFA). In addition to these accolades, Faysal Bank’s Shariah Compliance and Fiduciary Rating (SCFR) by the Islamic International Rating Agency (IIRA) is the highest Shariah rating attainable.

Faysal Bank is all set to complete the transformation into a full-fledged Islamic Bank by middle of 2022 Insha’Allah. Customers’ trust and employees’ dedication are being regarded as the main success factors behind the historic conversion journey. Mr. Yousaf Hussain, thanked the State Bank of Pakistan for their continuous support and patronage.

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