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 significant player in Pa
In today’s digital world, banking customers demand easy and immediate payment methods as carrying cash increasingly becomes a hassle and out of vogue. For
Faysal Bank Limited, Pakistan's fastest-growing Islamic Bank, has launched 'Noor' Card – a Shariah-compliant alternative to conventional credit cards –