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. Barkat is the dedicated Islamic Banking Division of Faysal Bank offering Shariah compliant banking products and services for all segments of the market through its 150 plus full-fledged Islamic banking branches.
Faysal Bank’s footprint now spreads over more than 100 cities with over 365(including 158 Islamic) branches. With total assets in excess of PKR 444.5 billion, placing it amongst the significant players in Pakistan’s banking industry. Faysal Bank’s ambition is to provide par excellence service to its customers while meeting their financial needs.
Faysal Bank Limited has been duly licensed as a Commercial Bank by the State Bank of Pakistan (SBP). It carries on banking business activities in line with the Banking Companies Ordinance, 1962 and its Banking License is issued by SBP.
JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the entity ratings of Faysal Bank Limited (FBL) at ‘AA/A-1+’ (Double A/A-One Plus). Rating of the unsecured, subordinated Term Finance Certificates (Issue II) of FBL has also been reaffirmed at ‘AA-’ (Double A Minus). Outlook on the assigned ratings is ‘Stable’.
The ratings of the bank were issued on June 30, 2017 by JCR-VIS Credit Rating Company.
The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long-term and the short-term entity ratings of Faysal Bank at “AA” (Double A) and “A1+” (A One plus), respectively. These ratings denote a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments. Outlook on the outstanding ratings is ‘Stable’.
The ratings of the bank were issued on June 22, 2017 by PACRA.
Company Registration Number: 0033400
NTN Number: 0815065-6
Faysal Asset Management Limited (FAML), an asset management company was launched in 2003 within Faysal Bank Group.
FAML brings together the collective financial expertise and investment experience of Islamic Investment Company of Gulf, with its extensive global fund management experience, Faysal Bank Limited, one of Pakistan’s premier commercial banks. The joint venture partners have international expertise of managing funds in diversified markets around the globe.
FAML has a strong management team and a research based investment structure geared towards providing quality service to its clients. A dedicated research team for each fund works under the supervision of internal investment committee, which is headed by the CEO.
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