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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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Faysal Islami Launches Pakistan's First-Ever Shariah-Compliant Credit Card Alternative

Faysal Bank Limited, Pakistan's fastest-growing Islamic Bank, has launched 'Noor' Card – a Shariah-compliant alternative to conventional credit cards – ....

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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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SBP chief strikes optimistic note at banking awards - Newspaper

KARACHI: SBP Governor Dr Reza Baqir with award winners at Pakistan Banking Awards on Friday. APP
KARACHI: Balance is tilting from adversities to opportunities for Pakistan, said Governor State Bank of Pakistan Dr Reza Baqir on Friday.
He was addressing the 5th Pakistan Banking Awards on Friday where Meezan Bank Ltd (MBL) was declared the Best Bank of Pakistan for the calendar year 2020, while the Habib Bank Ltd (HBL) won three awards in three different categories.
The award ceremony was jointly organised by the Institute of Bankers Pakistan, Dawn Media Group and A.F. Ferguson & Co.
The SBP governor awarded the banks after giving a detail picture of the financial institutions, economy and role of the central bank and its efforts to improve the economy despite challenging situation due to the Covid-19 pandemic. “While we have lost lives across the country including the State Bank and financial institutions, the situation provided us an opportunity to work united ....

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