Karachi, October 24, 2024: Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has announced robust financial results for the nine months ending September 30, 2024. The bank reported a remarkable Profit After Tax (PAT) of PKR 19.8 billion, reflecting a substantial 64% increase compared to the same period last year. In light of this strong performance, Faysal Bank declared an interim cash dividend of 15%.
Mian Muhammad Younis, Chairman of Faysal Bank, expressed his satisfaction with the results, stating, “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.”
Yousaf Hussain, President & CEO of Faysal Bank, also commented on the bank’s achievements, saying, “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.”
The significant growth in profits and the interim dividend highlight Faysal Bank’s commitment to enhancing shareholder value while continuing to expand its footprint in the Islamic banking sector. The bank’s innovative approach and focus on customer satisfaction have positioned it for continued success in the competitive financial landscape.
