Faysal Bank Launches Barkat Islamic Banking

Faysal Bank has recently launched “Barkat Islamic Banking” through branches dedicated to exclusive Islamic Banking Operations. The first branch was inaugurated at Sharfabad Karachi by the Chairman of the Board of Directors of Faysal Bank, Mr. Naseem Ahmed. The Bank intends to open Barkat branches in other cities of the country very soon.

The Bank has approximately 2000 employees, a branch network of 129 branches, two sub branches, one sale and service centre and an ATM network of 113 in 38 cities across Pakistan. Faysal Bank’s strength is validated by its credit ranking of AA (Double A) for long term and A1+ (A1 Plus) for short term assigned to it by both by PACRA and JCR VIS.

The Bank has recently been awarded a “Certificate of Excellence” by Management Association of Pakistan for its good corporate governance and best business practices.