Faysal Bank Limited (FABL): The New Entrant into Islamic Banking – By Spectrum Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We expect Faysal Bank Limited (FABL) to be converted into a complete Islamic bank by CY22. The bank received the nod from </span><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">SBP in 2008. Since then, bank has been converting its conventional branches into Islamic branches. The bank converted 43 and 59 branches in CY20 and CY19 respectively. It is expected that the bank will be fully converted into an Islamic bank by CY22. Out of 555 branches, the management has successfully converted </span><span>&nbsp;</span><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">450+ branches into Islamic banking branches. </span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The conversion...