Roshan Digital Account is a ground-breaking initiative for Overseas Pakistanis to digitally open a bank account in Pakistan from anywhere in the world.
Faysal Islami offers various types of Shariah compliant accounts in Current and Savings categories and Shariah compliant investment opportunities to Overseas Pakistanis.
For Information on Roshan Digital Accounts from State Bank of Pakistan please visit: http://www.sbp.org.pk/RDA/index.html
In case of a Minor, the parent or the legal Guardian, shall operate all transactions on behalf of the Minor until the age of eighteen (18) years, at which time the Minor should meet complete criteria.
Faysal Islami Current Account in PKR | Faysal Islami Current Account in USD | Faysal Islami Current Account GBP (British Pound) | Faysal Islami Current Account EURO | Faysal Islami Current Account CNY (Chinese Renminbi) | Faysal Islami Current Account AED (UAE Dirham) | Faysal Islami Current Account CAD (Canadian Dollar) | Faysal Islami Current Account SAR (Saudi Riyal) |
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Faysal Islami Savings Account in PKR | Faysal Islami Savings Account in USD |
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Non-resident Pakistanis (NRPs)
Resident Pakistanis
Survey Link – Click here
Contact Us
In case of any clarification or query, please write to us on: [email protected] or
Call +92 111 06 06 06
You can open this account by logging on to https://digionboard.faysalbank.com
Q: Which Accounts can I open?
Customers can choose an account based on their financial needs and product features. Faysal Islami offers twelve account types within our Current and Savings categories.
Q: What is the eligibility criteria?
Following Individuals are eligible to open the account:
As per the Income Tax Ordinance, 2001 (updated 31 Dec 2019)– Section 82, Division ll, Chapter 5;
An individual shall be a non-resident individual for a tax year if the individual —
Resident Pakistanis can only open Foreign Currency Roshan Digital Accounts at Faysal Bank through branches; provided that they have declared their assets held abroad, as per wealth statement declared in the latest tax return with the Federal Board of Revenue (FBR).
Q: Are these accounts Islamic?
Yes, these accounts are fully Shariah compliant duly approved by bank’s Shariah Board.
Q: What type of accounts I can open?
Current Accounts and Savings Accounts.
Q: In how many currencies can I open an account?
Currently you can open an account in Pakistani Rupees (PKR), US Dollars (USD), EURO, British Pound (GBP), Canadian Dollar (CAD), Dirhams (AED), Saudi Riyal (SAR) and Chinese Yuan (CNY) only.
Q: With regards to account opening for NRP, what are the minimum documents required for online submission on portal?
No, a valid passport is required to get this account activated
All information and documents shared are secure and will not be divulged. However, the Bank reserves the right to share any such information and data that may be legally obligated to divulge as per local/international laws, rules and regulations etc.
Customer’s information and documents are protected under the General Data Protection Regulation (GDPR) and will not be divulged. However, the Bank reserves the right to share any such information and data that may be legally obligated to divulge as per local/international laws, rules and regulations etc.
Yes. Multiple accounts can be opened on a single CNIC/NICOP/POC, however one account request needs to be processed completely and verified before another request can be initiated.
Q: Is there any minimum amount required to open an account?
No.
The joint account can be operated with the option of Either or Survivor
No, account conversion/ reclassification is not possible.
Q: What are the key features Faysal Islami Savings Account PKR?
Q: What are the key features Faysal Islami Savings Account USD?
Q: What are the key features Faysal Islami Current Account PKR?
Q: What are the key features Faysal Islami Current Account USD?
Q: What are the key features Faysal Islami Current Account GBP
Q: What are the key features Faysal Islami Current Account EUR
Q: What are the key features Faysal Islami Current Account SAR
Q: What are the key features Faysal Islami Current Account AED
Q: What are the key features Faysal Islami Current Account CAD
Q: What are the key features Faysal Islami Current Account CNY
Faysal Islami Current accounts are based on the Islamic concept of Qard. Qard is a contract where the Bank has to pay back depositor’s money on demand. Also, the Bank reserves the right to use this money for investment and other purposes within the boundaries of Shariah. In Qard-based accounts, the accountholder is not entitled for any gain or loss on the deposit being held with the Bank.
Faysal Islami Saving Account is based on the Islamic concept of Mudarabah. A mudaraba is a partnership, contract/agreement between two or more parties. One party provides capital and the other party manages it. Accountholder, who deposits funds in a savings account is called Rab-ul Mal, and the Bank that manages the funds is called Mudarib. The Mudarib reserves the right to invest funds within the boundaries of Shariah.
Yes, this account is a special purpose restricted account where the following limitations apply:
Customers can initiate request for repatriation of funds through the Faysal Roshan Digital portal. Please note that funds can only be repatriated into the customer’s own bank account.
Charges for remitting of funds will be as per the current Faysal Bank Islamic Schedule of Charges (ISOC).
Yes, utility bills and other payment facilities are also available through Mobile Digibank App and Digibank Internet Banking.
Yes, funds may be transferred to any local account in Pakistan.
Q: Can resident of Pakistan transfer funds into this account?
No. Customer account can only be Fed by foreign inward remittance originating from outside Pakistan through formal banking channel.
Q: When funds can be deposited in account by customer?
Upon satisfactory completion of the requirements, the account will be opened and Faysal Bank will send welcome pack (through email) to the customer and request the customer to deposit funds and make the investment.
Q: Are there any taxes on Remittance?
No, there are no taxes on Remittance. However, WHT will be levied, where applicable, as per the regulatory requirement.
Q: What investment opportunities do I have through these accounts digitally?
You can invest in Barkat Investment Certificate offered by FBL, Shariah compliant Stocks through CDC accounts and in GOP Islamic instruments – Sukuk / Islamic Naya Pakistan Certificates.
Q: What are the key features of Barkat Investment Certificate ‘BIC’?
All taxes and Zakat will be applicable as per regulations. All regulatory conditions will be levied as defined in relevant government regulations.
PKR RDA account holders will be able to invest in Shariah Compliant stocks (KMI All Index) by applying for an account with the CDC through the Faysal Bank Roshan Digital portal https://digionboard.faysalbank.com
The customer will have their account opened with the CDC through the Faysal Bank Digital Portal, which will be funded through their Roshan Digital Account held with Faysal Bank. These funds will be used to purchase Shariah Compliant stocks (KMI All Index) via brokerage house of the customer’s choice.
Faysal Bank RDA account holders can invest in the Islamic Naya Pakistan Certificate and these certificates are available in USD & PKR (Resident Pakistani can invest in USD only).
Customers can fill out the application form in multiple sessions. The information is automatically saved as the customer fills out the form, after submission of first page and can resume later by entering the provided reference number through email. Once a document is submitted, customer will not be able to make any amendments. We request the customers to view the documentation requirements prior to starting their application and keep them handy during the application submission process.
In case of query throughout any stage of the application process, please contact us at [email protected] or call us at +92 21 111 06 06 06 where our 24/7 contact center staff will be able to assist you.
Q: Opening an account is fully digital for customer or there would be some documents to be dispatch later on?
Yes, it is complete seamless digital journey for the customers. All required documents would require to be uploaded in soft version.
Q: How KYC will be done by the Bank?
Relationship Manager will contact customer over email and / or telephone call and KYC will also be done over recorded telephone lines.
Q: What is the turnaround time (TAT) for account opening?
The account will be opened within 48 hours.
Yes, Cheque book is available Roshan Digital Accounts.
Yes. Currently, all PKR Roshan Digital account holders of following accounts can avail this facility.
Faysal Bank MasterCard Classic can be availed against PKR Roshan Digital account.
Debit card shall be delivered at the customer’s provided correspondence address.
Yes, these debit cards are accepted at over millions of POS terminals in more than 200+ countries around the globe. Debit Card can be activated through our call center at +92 21 111 11 71 71 before usage.
Delivery of debit cards shall take 15 days on average; however, this may vary subject to the destination country.
Courier charges as per Bank’s Schedule of Charges
Our hotline is available 24X7
Tel: 111-06-06-06
Text 9181
ATM - Engro Polymer & Chemicals Ltd. Plant Site EZ/I/P-II-I Eastern Zone, Bin Qasim
Branch - Engro Polymer & Chemicals Ltd. Plant Site EZ/I/P-II-I Eastern Zone, Bin Qasim
Address: Faysal House,
ST-02, Shahrah-e-Faisal,
Karachi.
Email: [email protected]
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