Aggressively pursuing its mission of achieving leadership in providing financial services in chosen markets through innovation, Faysal Bank Limited has opened up a total of ten Islamic banking branches in seven cities under the brand 'Barkat Islamic Banking' launched in September last year.
The bank has recently inaugurated four new Barkat branches during May-June 2010, of which two branches were inaugurated in Karachi at Nazimabad and Jodia Bazaar, while the third branch at Azam Cloth Market in Lahore. Furthermore, one existing conventional banking branch of Faysal Bank located in Mingora, Swat was converted to Barkat Islamic banking branch on June 24, 2010".
Barkat Islamic Banking provides complete suite of shariah compliant banking products for all categories of customers under supervision of experienced Shariah advisor. Faysal Bank is a progressive, full service banking institution operating in Pakistan since 1995, as a locally incorporated Pakistani bank. It has a national presence of over 135 branches with more than 300,000 corporate, institutional, personal, small business, agricultural, Islamic and asset financing customers.
Awarded the highest short term rating of A1+ (A One Plus) and AA (Double A) for the medium to long term by two of the leading rating companies of the country, namely JCR VIS Credit Rating Company and PACRA, Faysal Bank is focused on making substantial investments in the local banking and financial services sector to support their ambitious growth plans.-PR