Pakistan: Faysal Bank To Become A Full-Fledged Islamic Bank By End 2022

Faysal Bank will become a full-fledged Islamic bank by the end of 2022 after ring-fencing its residual conventional loan portfolio, said Chief Financial Officer Syed Majid Ali. 

Speaking at a press briefing at the bank’s head office, Syed said the Bank will surrender its conventional banking mandate once the regulator...