Overview
Faysal Bank Limited, headquartered in Karachi, Pakistan, offers the Faysal Islami Rehmat Business Account, an Islamic business account built on the Mudarabah principle. The account includes settlement and cash-collection capabilities.
Services The listed services are Islamic business accounts, cash collection and value-chain accounts. A value-chain programme is provided for the business's linked suppliers and partners, who can use related accounts; fee concessions depend on the terms of the product.
Clients The target clients are sole proprietors, business individuals and partnerships, so the product addresses smaller and owner-run businesses rather than large corporations.
Location The bank's address is Faysal House, ST-02, Shahrah-e-Faisal, Karachi.
What to clarify The material does not state fees, minimum balances, currencies, required documents or whether the account is open to foreign-owned companies. Because the pricing concessions are linked to product conditions, the exact tariff and the conditions of the value-chain programme should be requested from the bank before an application is submitted.
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