Faysal Bank
Faysal Islami Noor Corporate Card
Faysal Islami Noor Corporate Card
- Annual fee
- Rs 7,500
- Profit rate
- Not published
- Minimum income
- Not published
- Structure
- Tawarruq
Full breakdown
Pakistan · 7 cards
Every Shariah-compliant card Faysal Bank currently offers, with the contract behind each one and the fee schedule it came from.
A fully Islamic bank — every product it offers is Shariah-compliant.
THE ONLY full-fledged Islamic bank in Pakistan found to issue Shariah-compliant credit cards. Incorporated 3 October 1994 as a public limited company under the Companies Ordinance 1984; converted from conventional to full Islamic banking, with the State Bank of Pakistan issuing it an Islamic Banking licence. The bank describes itself as 'the second largest full-fledged Islamic bank in Pakistan'. Branch-count figures on the bank's own site are inconsistent: the 'Brief History' section states '900+ Islamic banking branches' across '360+ cities', while another section of the same About Us page states '700 branches spread across 270 cities'. Both are recorded; neither is treated as settled. Card range: Faysal Islami Noor Card in five consumer tiers (Velocity, Gold, Titanium, Platinum, World), plus the Noor Flexi Card (cash-access) and the Noor Corporate Card (business). All use a Tawarruq structure executed through a Musawamah contract on Islamic Mutual Fund units. Credit ratings from VIS Credit Rating Company: AA+ long term, A-1+ short term.
Faysal Bank
Faysal Islami Noor Corporate Card
Full breakdown
Faysal Bank
Faysal Islami Noor Flexi Card
Cash access up to 100% of the card limit, with discounts of up to 40%
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Faysal Bank
Faysal Islami Noor Gold Card
1 reward point per Rs. 100 local spend, plus Karachi airport lounge access
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Faysal Bank
Faysal Islami Noor Platinum Card
Unlimited CIP and Majestic lounge access in Pakistan plus 25+ international lounges
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Faysal Bank
Faysal Islami Noor Titanium Card
1 reward point per Rs. 100 local spend; up to 50% merchant discounts
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Faysal Bank
Faysal Islami Noor Velocity Card
1 reward point per Rs. 100 of local spend; 3x points on charity and social-service donations
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Faysal Bank
Faysal Islami Noor World Card
1,100+ international lounges via Mastercard Travel Pass, plus unlimited domestic CIP lounges
Full breakdown