Deposit Accounts

Faysal Bank Account Opening

Every Shariah-compliant deposit account Faysal Bank offers, and what it takes to open one.

• CNIC-based opening
• Shariah-compliant only
• Digital & branch options

Written & reviewed by Dildar Hussain — 10+ years in Pakistani banking, BS Banking & Finance (NUML University) · Reviewed: August 23, 2026

Every account Faysal Bank opens today is Shariah-compliant. The bank retired its last conventional deposit products in 2023, when it completed its conversion to a fully Islamic bank. Open in a branch or through the Faysal DigiBank app — current, savings, and term accounts alike run on Islamic principles such as Mudarabah (profit-sharing) or Qard (interest-free loan).

Which account suits you depends on what you need it for: a free-transaction current account, a profit-earning savings account, a fixed-term Barkat Investment Certificate, or one of the bank's specialised accounts for women, freelancers, farmers, and overseas Pakistanis. Below are the main categories and what opening each one requires.

Faysal Bank Deposit Accounts

Faysal Bank's account catalogue is bigger than most comparison sites show. Below is the full official lineup, grouped the way Faysal Bank itself groups it — branch-opened accounts, women's banking, and app-only digital accounts each sit in their own category on faysalbank.com.

Savings Accounts

Current Accounts

Women's Banking (Amal)

Faysal Bank's women's banking sits under its own "Amal" brand, with both branch and digital-only variants: Amal Women Current Remunerative Account, Amal Women Saving Account, Amal Asaan Current Account, Amal Asaan Saving Account, and the digital-only Amal Women Asaan Digital Current/Saving Accounts and Amal Digital Current Remunerative/Saving Accounts covered below.

Digital-Only Accounts (Burraq Digital Account)

These open with just a CNIC through the Faysal DigiBank app — no branch visit: Asaan Digital Current Account, Asaan Digital Saving Account, Digital Account, Freelancer Digital Account, Amal Women Asaan Digital Current/Saving Accounts, Amal Digital Current Remunerative/Saving Accounts, Khushaal Kisaan Digital Current Account, Life Plus Digital Savings Account, and a dedicated Minor Account (opened and operated by a parent/guardian on behalf of a child).

Investment Certificates

Beyond deposit accounts, Faysal Bank offers four fixed-tenure Investment Certificate products: the Faysal Islamic Barkat Investment Certificate (the standard variant), Life Plus Investment Certificates (senior-citizen focused), a general Investment Certificate, and a dedicated Persons with Disabilities (PWDs) Investment Certificate.

Full account catalogue confirmed directly from Faysal Bank's official site navigation (faysalbank.com), which lists every account under Saving Accounts, Current Accounts, Women Banking, Digital Accounts, and Investment Certificates. Exact minimum balance, profit rate, and fee for each product should be confirmed on the account's own official page or with a branch before opening — these vary by product and change periodically.

What You Need to Open an Account

For most individual accounts, you'll need a valid CNIC or NICOP, an active mobile number, and — for certain current accounts — proof of income or employment. Digital accounts such as the Asaan Digital Account and Burraq Freelancer Digital Account can be opened with just a CNIC through the Faysal DigiBank app, with no branch visit required.

Business accounts such as Bakamaal Karobar also require business registration documents. Profit-bearing accounts and Barkat Certificates publish their declared profit rates on Faysal Bank's official Declared Rates page, updated periodically as the underlying deposit pool's performance changes.

Which Documents Do You Actually Need?

Requirements differ more than the general list above suggests. Pick what best describes you.

How Does Profit Work on Faysal Bank's Islamic Accounts?

Savings accounts and Barkat Investment Certificates don't pay fixed interest — as an Islamic bank, Faysal pays a profit rate instead, drawn from its underlying investment pools (a general PKR pool, an MDR-eligible pool, and currency-specific pools for USD, EUR, and GBP) and declared monthly or as pool performance changes.

Frequently Asked Questions

Good For

• Comparing every Faysal Bank account type before choosing one
• Understanding what documents Faysal Bank account opening actually requires
• Finding the right account for women, freelancers, farmers, or businesses
• Understanding how Islamic profit-sharing replaces conventional interest

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For independent verification, see State Bank of Pakistan, Pakistan Stock Exchange, Faysal Bank Limited (Official).