Faysal Bank Limited

Faysal Bank Limited provides a full range of banking products in Pakistan. It offers retail, corporate, Islamic, and digital services. The bank uses distinct brand names for its offerings.

Retail and Digital Banking Services

Faysal Bank offers Mubarak Safar Savings Accounts. This account features tiered interest accrual. It also provides free monthly electronic statements. The Asaan Current Account has a zero maintenance fee for balances under PKR 50,000. It includes instant SMS alerts on every debit/credit. For businesses, the Rehmat Business Account offers unlimited cheque book facility. This account integrates with corporate ERP via API in real-time.

The Amal Priority Plus Account supports women banking. It provides complimentary family Takaful coverage up to PKR 500,000. The account also includes embedded online telehealth consultations. Faysal Bank offers Roshan Digital Account for overseas Pakistanis. It enables 100% digital onboarding with video KYC. This account supports multi-currency wallets (PKR, USD, EUR) with real-time FX rates. Burraq Digital Account facilitates instant cross-border collections via SWIFT and Raast. It allows virtual account creation for freelancer payouts. The Burraq Freelancer Digital Account provides auto-reconciliation of international remittances. It also features a custom FX-hedging tool within its portal. Asaan Digital Account allows CNIC-based e-signature account opening. It has a live QR-code branchless deposit feature.

The bank issues the Noor Card Series, including World, Platinum, Titanium, Gold, and Velocity cards. These cards feature EMV chip technology and contactless NFC. They also offer dynamic CVV technology on mobile wallets. The Faysal Islami Debit Card ensures Shariah-compliant POS authorization flow. It supports dual-currency transactions for PKR and foreign currencies.

Key Features of Faysal Bank's Retail and Digital Banking Products

Islamic Financial Solutions

Faysal Islami Roshan Digital Account operates on a Shariah-compliant Wakalah deposit structure. It includes a profit-rate reset quarterly. Faysal Islami Personal Finance (Amal Finance) uses a Diminishing Musharakah financing model. It allows prepayment on-demand without penalty. Faysal Islami Car Finance (Amal Auto Finance) is structured as an Ijarah arrangement. This includes an option to purchase and GPS-enabled asset tracking. Faysal Islami Home Finance (Amal Home Finance) is a Musharakah partnership. It provides step-up ownership and construction-linked disbursement tranches. The bank also offers Shariah Compliant Investment Certificates. These certificates have a variable profit-rate based on Sukuk returns. They are tradable on the Pakistan Mercantile Exchange.

Corporate and Digital Platforms

For businesses, the Bakamaal Karobar Current Account offers real-time bulk payroll processing. This uses a payroll aggregation API. It also provides free CTS-enabled cheque clearing. Corporate Finance Facility includes revolving financing limits with an interest rate cap. It offers Treasury-backed forward cover for FX exposures. Supply Chain Finance provides e-Invoice discounting on the Haball platform. It ensures automated reconciliation with buyer ERP systems.

Faysal Digibank offers Internet and Mobile Banking. It supports biometric login, including fingerprint on Android and facial recognition on iOS. A Quick-PIN shortcut is available for frequent transactions. The Self Service Banking platform provides an API-accessible bulk payments module. It also ensures 24/7 real-time fund transfer via Raast integration. Faysal Takaful offers family and general Takaful plans. These operate under a Waqf fund structure. Online policy issuance with e-certificates is available. Investment Plan features an automated monthly systematic investment plan (SIP). It uses a tiered allocation algorithm for money-market and equity funds.

The bank's retail portfolio includes products like the Mubarak Safar Savings Account with tiered interest, and the Asaan Current Account offering zero maintenance fees for specific balances. For businesses, the Rehmat Business Account provides unlimited cheque book facilities and ERP integration. The Amal Priority Plus Account supports women with Takaful coverage and telehealth, while Roshan Digital Account and Burraq Digital Account serve overseas Pakistanis and freelancers with multi-currency options and digital onboarding. The Noor Card Series and Faysal Islami Debit Card further enhance their payment solutions.