Company Information

Get to know Faysal Bank

Faysal Bank Limited (FBL) has a significant presence in Pakistan with over 700 branches across more than 250 cities. The bank's journey began in 1994, and it has since undergone a major transformation, officially converting from a conventional bank to a full-fledged Islamic bank in early 2023, surrendering its conventional banking license to the State Bank of Pakistan. This conversion was one of the largest and most significant in global banking history. FBL's mission is to provide Shariah-compliant financial solutions, catering to the diverse needs of its retail, corporate, and institutional clientele through a wide range of products including deposits, financing, investment banking, and wealth management services.

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Financial BankingPRIMARY
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Faysal Bank

Pakistan

Founded in

03 Oct 1994 (31 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

(78 reviews)

Cyprus

2009

(17 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.