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Faysal Bank issues its First Shariah Compliant alternate to conventional credit cards with IDEMIA

Daily Times
May 27, 2021
Faysal Bank Limited, the fastest growing Islamic bank of Pakistan, has teamed up with IDEMIA, the global leader in Augmented Identity, to launch its first Shariah-compliant alternate to conventional credit cards by the name of Faysal Islami NOOR.
The Republic’s Islamic banking industry has experienced double-digit growth year-on-year since 2015 . The meteoric rise in this type of banking has also brought about a corresponding demand for Shariah-compliant payment tools. Eager to support its customers, Faysal Bank turned to IDEMIA to deliver a unique payment experience that adheres to the religion’s principles.
This new EMV Card provides Faysal Bank’s customers with the benefits of a full fledge credit card, while ensuring that all payments and repayments are Shariah-compliant. Faysal Bank’s footprint now spreads over more than 200 cities with a network of over 575 (including more than 500 Islamic) branches. Faysal Bank is a significa ....

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KP reverts back to 60-year retirement age

Top Story
March 17, 2021
PESHAWAR: The Khyber Pakhtunkhwa government on Tuesday reverted back to 60 years as the retirement age of the government servants from the previous 63-years, closed down educational institutions in nine districts in view of rising coronavirus cases and took several other decisions.
The decisions were taken by a cabinet meeting chaired by Chief Minister Mahmood Khan, said an official handout.
Ministers, advisers, special assistants to the chief minister, secretaries took for debate a 14-agenda item and made a number of decisions.
Addressing the cabinet, Mahmood Khan directed the departments to ensure implementation on the development and public welfare schemes under time-tag in the remaining two and half years of the government. ....

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UBL, Faysal Bank win best awards - Newspaper

KARACHI: United Bank Ltd (UBL) and Faysal Bank Ltd (FBL) were declared the Best Digital Bank and Best Emerging Bank, respectively, for the year 2020 at the recently held 5th Pakistan Banking Awards 2020.
UBL President and CEO Shazad G. Dada said this award has reinforced the bank’s position as the country’s leading progressive and innovative bank, said a press release.
After receiving the award, Faysal Bank President and CEO Yousaf Hussain said this recognition also indicates that the new direction and strategy that the bank has adopted in terms of growth and transformation to Islamic through technology, digitisation and customer-centricity are paying off. ....

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