Karachi, Pakistan – September 12, 2024 – Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has announced the renewal of its strategic partnership with Mastercard, further expanding the reach and impact of the Faysal Islami Noor Card. This renewal marks a significant step in enhancing Pakistan’s Shariah-compliant digital payments landscape.
The Faysal Islami Noor Card, a pioneering Shariah-compliant financial instrument, continues to offer a robust alternative to conventional credit cards. With this expanded collaboration, FBL aims to provide its customers with a diverse range of ethically sound financial solutions for both everyday transactions and long-term monetary needs.
Mastercard’s advanced security features, including encryption and fraud detection technologies, are integrated into the Faysal Islami Noor Card, ensuring secure, seamless, and contactless transactions both locally and internationally. These state-of-the-art digital payment solutions significantly enhance the card’s value, offering peace of mind and convenience for users.
The partnership renewal was formalized at a ceremony held at Faysal Bank’s Head Office in Karachi, attended by senior executives from both organizations. Key attendees included Yousaf Hussain, President & CEO of Faysal Bank; Aneeq Malik, Group Head of Consumer Finance at Faysal Bank; Arslan Khan, Country Manager for Mastercard Pakistan; and J.K. Khalil, Executive Vice President & Divisional President of Mastercard.
Speaking at the event, Yousaf Hussain remarked, “At Faysal Bank, we are committed to driving innovation in Islamic banking by offering cutting-edge, Shariah-compliant financial products. The renewal of our strategic partnership with Mastercard strengthens our shared vision of utilizing advanced technology to transform Pakistan’s digital payments ecosystem in line with Islamic values.”
Faysal Bank continues to lead the way in Islamic banking, consistently developing products that align with its customers’ values and beliefs. The renewal of this partnership further emphasizes the importance of collaborative efforts to revolutionize the Shariah-compliant digital payment ecosystem in Pakistan.
