Faysal Bank Reports Rs. 19.8 Billion Profit After Tax for First 9 Months-2024

Faysal Bank Reports Rs. 19.8 Billion Profit

Karachi, Pakistan – October 2024Faysal Bank Limited (FBL), a prominent player in Pakistan’s Islamic banking sector, has posted a strong financial performance for the nine months ending on September 30, 2024. The Bank reported a Profit After Tax (PAT) of PKR 19.8 billion, marking an impressive 64% increase from the same period last year. Reflecting its robust growth, the Bank announced an interim cash dividend of 15%.

In response to the results, Mian Muhammad Younis, Chairman of Faysal Bank, expressed pride in the Bank’s solid foundation and consistent growth as Pakistan’s leading Islamic bank. “Masha’Allah, the 9M’24 results highlight the strong foundation we have established as the best Islamic bank, driven by the dedication of our Board, Management, and Employees. The financial performance reflects the Bank’s solid business fundamentals, complemented by our innovative Islamic products,” he stated.

Yousaf Hussain, President & CEO of Faysal Bank, also highlighted the Bank’s achievements, attributing its success to the trust of customers, commitment of employees, and strength of Shariah-compliant products. “Alhamdulillah, our success in the first nine months of 2024 reflects the trust of our customers, the commitment of our staff, and the strength of our Shariah-compliant offerings. We remain dedicated to delivering excellence and are well-prepared to sustain this growth momentum, Inshallah,” he added.

Faysal Bank continues to strengthen its position in Pakistan’s financial sector, showcasing strong business fundamentals and commitment to Shariah-based banking solutions that cater to diverse customer needs. With an eye on further expansion and innovation, the Bank remains poised to drive future growth across the Islamic banking landscape.

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