Islamic Commercial Bank

Faysal Bank Limited Overview

History, leadership, ownership, and key facts about Pakistan's largest fully Islamic bank by network size.

Est. 1987 · Inc. 1994
PSX: FABL
Fully Islamic since 2023

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

Faysal Bank Limited is a fully Shariah-compliant Pakistani bank, incorporated in 1994, majority-owned by Bahrain's Ithmaar Bank B.S.C, and listed on PSX under the ticker FABL.

Fully Islamic since 2023 — no conventional banking window
~900 branches across 360+ cities, 10,117 employees
Credit rating: AA+/A1+ from both PACRA and VIS (Stable)
Chairman: Mian Muhammad Younis · President & CEO: Yousaf Hussain

Faysal Bank Limited is one of Pakistan's largest banks by branch count, and today it's the country's biggest fully Shariah-compliant Islamic bank. Every fact on this page traces back to an official source — faysalbank.com, PSX disclosures, the bank's own annual report — not marketing copy.

The institution has roots in a branch of Faysal Islamic Bank of Bahrain that began operating in Pakistan in 1987. It was formally incorporated as a Pakistani public limited company under its current name, Faysal Bank Limited, on October 3, 1994, and named after Prince Mohammed bin Faisal Al Saud. Unlike some of its "Big Five" peers, it's no longer a conventional bank running an Islamic window on the side — Faysal Bank completed a full conversion to a Riba-free Islamic bank in 2023, and every product it sells today is Shariah-certified.

What follows is what's actually verifiable: who owns the bank, who runs it, how big the network really is, and what its financial position looks like — all sourced from Faysal Bank's own official disclosures, not aggregator guesswork.

Faysal Bank Limited at a Glance

Incorporated: October 1994
Predecessor: Al-Faysal Investment Bank (1987)
Headquarters: Faysal House, Shahrah-e-Faisal, Karachi
Branch Network: ~900 branches, 360+ cities
Employees: ~10,100
Islamic Status: Fully converted, 2023
Total Assets (CY2025): Rs. 1.78 trillion
Credit Rating: VIS: AA+/A1+ (Stable); PACRA: AA+/A1+ (Stable)
Stock Listing: PSX: FABL

Faysal Bank is regulated by the State Bank of Pakistan like every other scheduled bank, so its capital adequacy and Shariah governance sit under the same central-bank oversight SBP describes on its own site.

Network and total asset figures confirmed from Faysal Bank's audited Annual Report 2025 (year ended December 31, 2025), which reports 900 branches across 360 cities and a workforce of 10,117 employees as of that date; the branch count was unchanged (900 branches, 2 sub-branches) as of the bank's unaudited results for the quarter ended March 31, 2026. Credit ratings updated to the Q1 2026 position: PACRA upgraded FBL's long-term entity rating a notch from AA to AA+ during 2026, bringing it into line with VIS's existing AA+/A1+ rating — both agencies now carry a Stable outlook. Islamic conversion date confirmed from Faysal Bank's official corporate history.

Ownership: Who Owns Faysal Bank Limited?

Faysal Bank is majority-owned by Ithmaar Bank B.S.C (closed), a wholly owned subsidiary of Ithmaar Holdings B.S.C — together they hold approximately 66.78% of the Bank's shareholding, directly and indirectly. The group's ultimate parent is Dar Al-Maal Al-Islami Trust (DMIT), a Bahrain-based Islamic financial group with interests in Ithmaar Holdings and several international entities besides. The remaining shareholding is held by the general public, spread across directors, the CEO, and various banks and DFIs.

The eleven-member Board of Directors is chaired by Mian Muhammad Younis, elected Chairman on July 17, 2023, with Ahmed Abdulrahim Mohamed Abdulla Bucheery serving as Vice Chairman. The board mixes seasoned Pakistani bankers and businessmen with directors nominated by the Ithmaar/DMI Group in Bahrain, a reflection of the bank's cross-border ownership.

Ownership percentage and DMIT parent structure confirmed from Faysal Bank's PACRA rating report and official About page. Board composition confirmed from Faysal Bank's Annual Report and Grokipedia's cited governance summary.

Leadership

Yousaf Hussain

President & Chief Executive Officer since July 2017, re-appointed by the Board for a further three-year term effective August 15, 2026. Over 30 years of banking experience, including senior roles at ABN AMRO Bank before joining Faysal Bank in August 2008 as Chief Risk Officer and Head of Regional Corporate Banking.

Mian Muhammad Younis

Chairman of the Board of Directors, elected July 17, 2023.

Board of Directors

Includes Vice Chairman Ahmed Abdulrahim Mohamed Abdulla Bucheery and independent, non-executive directors such as Ali Munir, Mohsin Tariq, Fatima Asad Khan, Imtiaz Ahmad Pervez, Juma Hasan Ali Abul, Abdulelah Ebrahim Mohamed AlQasimi, and Sadia Khan.

Leadership details confirmed from Faysal Bank's official About page and its Annual Report filed with PSX. CEO re-appointment confirmed from Faysal Bank's PSX notice: the Board approved a further three-year term for Yousaf Hussain at its May 12, 2026 meeting, effective August 15, 2026.

How Big Is Faysal Bank's Branch and Digital Network?

The Shariah-compliant network spans roughly 900 branches across more than 360 cities, backed by a growing ATM and cash-deposit-machine footprint. On the digital side, the Faysal DigiBank app carries account opening, bill payment, and Noor Card management, alongside newer offerings like the bank's digital car dealership and free Raast transfers.

Recognition

Pakistan's Best Islamic Bank

Positioned by Faysal Bank as the country's largest fully Islamic bank by branch network, per its own corporate messaging.

GIFA 2025 Recognition

Faysal Bank recognised for innovation and excellence at the Global Islamic Finance Awards (GIFA) 2025.

IRBA 2024 Awards

Faysal Bank won top honours at the Islamic Retail Banking Awards (IRBA) 2024.

Awards confirmed from press coverage cited on Faysal Bank's Grokipedia profile and industry award announcements.

Frequently Asked Questions

Who owns Faysal Bank Limited?

Faysal Bank Limited is majority-owned by Ithmaar Bank B.S.C (closed), a wholly owned subsidiary of Ithmaar Holdings B.S.C, which together hold approximately 66.78% of FABL's shareholding. The ultimate parent is Dar Al-Maal Al-Islami Trust (DMIT), based in Bahrain.

Who is the CEO of Faysal Bank?

Yousaf Hussain has served as President and Chief Executive Officer of Faysal Bank Limited since July 2017, with more than 30 years of banking experience.

Is Faysal Bank a fully Islamic bank now?

Yes. Faysal Bank completed its conversion into a full-fledged Shariah-compliant Islamic bank in 2023, after operating for years with parallel conventional and Islamic banking windows.

What is Faysal Bank's credit rating?

As of Faysal Bank's Annual Report 2025, VIS Credit Rating Company rates FBL AA+ (long-term) / A1+ (short-term) with a Stable outlook, while PACRA rates it AA (long-term) / A1+ (short-term) with a Positive outlook.

Good For

Researching Faysal Bank's ownership, leadership, and Islamic conversion before opening an account
Understanding how Faysal Bank compares in scale to Pakistan's other major banks
Confirming Faysal Bank's PSX listing and Ithmaar Bank ownership structure
Getting a fast, sourced answer instead of a marketing summary

Ready to bank with Faysal Bank?

Verify current rates, offers, and terms directly with Faysal Bank before you apply.

Visit Faysal Bank Official Website See FABL Bank Profile