Staff Reporter Karachi
Faysal Bank Limited recently conducted a virtual corporate briefing session. Through the session the Bank’s Chief Financial Officer, Syed Majid Ali briefed the analyst community and shareholders about the Bank’s business strategy, financial performance and its outlook.
The Bank has made significant progress on its strategy of conversion to an Islamic bank.
87% of the Bank’s branches are now offering dedicated sharia compliant financial solutions.
During 2020, despite wide ranging business and operational challenges posed by Covid-19, the Bank converted 65 branches to Islamic which is a testament to its commitment of Islamic conversion.
The Bank continues to increase outreach to its customers and opened 21 new sharia compliant branches during the previous year.