A Review On Faysal Bank Ltd

Faysal banks is the most famous bank in Pakistan .Faisal bank is only bank which provide the faculty of virtual master visa card.

Faysal Bank Limited was incorporated in Pakistan on October 3rd, 1994 as a Public Limited Company under the Companies Ordinance, 1984. The Bank’s shares are listed on Pakistan Stock Exchange. Faysal Bank is engaged in Commercial, Retail, Corporate and Islamic banking activities. Faysal Bank’s footprint now spreads over more than 200 cities with over 550 (including 414 Islamic) branches. With total assets in excess of PKR 601.974 Billion, placing it amongst the significant players in Pakistan’s banking industry. Faysal Bank’s aim is to achieve leadership in providing shariah compliant products and services to its customers.

Faysal Bank Limited has been duly licensed as a Commercial Bank by the State Bank of Pakistan (SBP). Faysal Bank is on track to convert the entire bank, including its branch network, into a full-fledged Islamic Bank. Our branch network of 555 branches includes 414 Islamic branches and 141 conventional branches. Faysal Bank carries on banking business activities in line with the Banking Companies Ordinance, 1962.

Banking is an industry that handles cash, credit and other financial transactions. Banking is defined as the business activity of receiving and maintaining money that is owned by individuals and other entities, and then lending this money to carry out economic activities such as making a profit or simply covering operational costs. Banks provide a safe place to store extra cash and credit and they offer savings accounts, certificates of deposit, and checking accounts.
The bank uses these deposits to make loans. These loans include home mortgages, business loans, and car loans. Banking services are very important in the economic development of a country.

Banking services are generally divided into two purposes:

First, as a provider of efficient payment mechanisms and instruments for customers. For this, banks provide cash, savings and credit cards. This is the most important role of banking in economic life. Without this efficient provision of payment instruments, goods can only be traded by way of bartering which takes time.

Second, by receiving savings from customers and lending them to parties who need funds, it means that banks increase the flow of funds for investment and more productive use. If this role goes well, a country's economy will increase. Without this flow of funds, money only stays in one's pocket, people cannot get loans and businesses cannot be built because they do not have borrowed funds.

The Faysal Bank Limited is a Pakistani Islamic and commercial bank, a subsidiary of the Bahraini bank Ithmaar Bank, based in Karachi, Sindh, Pakistan. It was incorporated in Pakistan on October 3, 1994 as a public limited company under the Companies Ordinance. They provide Commercial, retail, corporate and islamic banking activities and based on a number of metrics i.e. branch network, asset base, deposit size etc. is positioned as one of the top-ten banks in Pakistan.

Faysal Bank

Faysal Bank Limited is a Pakistani Islamic and commercial bank, a subsidiary of the Bahraini bank Ithmaar Bank,based in Karachi, Sindh, Pakistan.

History

It was incorporated in Pakistan on October 3, 1994 as a public limited company under the Companies Ordinance, 1984.
In June 2010, Royal Bank of Scotland sold its Pakistan operations to Faysal Bank for GB£34 million.
In 2014 it announced that it plans to convert itselt into full-fledged Islamic Bank in three to five years.
Products Islamic banking, loans, consumer banking, credit cards, savings
Number of employees 3,610

Faysail bank bhtreen islami bank hy jo apny custmer ko islamic tareeko k mutabiq rakam data hy our jama krta hy is ma koi shak ni k ya bi aik boht ala meaar ka bank ky js ma boht hi acha staff hy our is ma bi online banking ki sahoolt bi majood jo har waqt apny custmer ko farahm krti hy 24 online ki sahoolat sy bank munsaliq hy our ya tejarat ma islam k mutabiq sarha k toor par rakam ki adigi krta hy ya bhtreen islamic bank hy faysil bank .