FBL Ar 2019

Chairman’s Message 02
Corporate DNA 04
Board of Directors’ – Profiles 08
Corporate Information 18
Board Meetings – Attendance 20
Senior Managements’ – Profiles 24
Shariah Boards’ – Profiles 33
Senior Management and Internal Committees 35
Corporate Social Responsibility 40
Organizational Structure 46
Six Year Financial Summary 48
Statement of Value Added 59
Quarterly Performance 60
Notice of the 25th Annual General Meeting 62
Report of the Board Audit & Corporate Governance Committee 68
Auditor’s Review Report on Compliance with Code of Corporate Governance 70
Statement of Compliance with Code of Corporate Governance 71
Report of Shariah Board 74
Statement on Internal Controls 82
Remuneration Policy Disclosures 84
Faysal Bank Financials (Unconsolidated)

Directors’ Report 90
Auditor’s Report to the Members 114
Unconsolidated Statement of Financial Position 118
Unconsolidated Profit and Loss Account 119
Unconsolidated Statement of Comprehensive Income 120
Unconsolidated Statement of Changes in Equity 121
Unconsolidated Cash Flow Statement 122
Notes to the Unconsolidated Financial Statements 123
Annexures 195
Faysal Bank Financials (Consolidated)

Directors’ Report 214
Auditor’s Report to the Members 222
Statement of Consolidated Financial Position 226
Consolidated Profit and Loss Account 227
Consolidated Statement of Comprehensive Income 228
Consolidated Statement of Changes in Equity 229
Consolidated Cash Flow Statement 230
Notes to the Consolidated Financial Statements 231
Annexures 310
Other Information
Consumer Grievances Handling Mechanism 326
Pattern of Shareholding 328
Branch Network – Conventional 335
Branch Network – Islamic 346
Code of Conduct 385
Jama Punji 395
Form of Proxy 397
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Corporate DNA
Our Vision Our Mission
Be the leading Islamic bank in Pakistan Achieve leadership in providing Shariah compliant
financial services, with customer care and employee
Our Values focus at the heart of our business ethos together with
• Our daily code of conduct is exemplified by eight innovation and technology being the pillars of our growth.
Core values:
Differentiator Values
Four threshold values-values at the heart of our brand Values that set our brand apart
Four differentiator values-values that set our brand apart
Passion
Threshold Values • We bring zeal and enthusiasm for banking to work
• Values at the heart of our brand • We are excited to provide customers with the best or
the best-suited
Integrity • We go the extra mile in legitimate, acceptable ways
• We are recognised by our reliability, credibility and character
• We believe in ethical, honourable, time-proven Our Passion: Our Worth
principles of uprightness
• We stand for and abide by honesty, truth and transparency Responsiveness
• We are receptive to the need for change and improvement
Our Integrity: Our Identity • We are proactive and anticipate our customers’ needs
and wants
Respect • We act quickly to modify, adjust or prepare for new realities
• We hold our customers, investors and regulators in
high esteem Our Responsiveness: Our Distinguisher
• We uphold our customers’ rights to demand
efficient service Innovation
• We appreciate and respect our profession and, above • We pioneer novel and more efficient ways to
all, our Bank deliver solutions
• We are dedicated to a culture of improvement
Our Respect: Our Duty and modernization
• We stand for originality, in thought, in action and in belief
Teamwork
• We function as a team. Within functions, we cooperate Our Innovation: Our Strength
• Between functions, we collaborate
• Together, we aim for excellence and leadership in our Compassion
chosen markets • Our concern for our colleagues, our customers, our
communities, and our country sets us apart
Our Team: Our Asset • To each other, we are a family
• For each other, we are a meaningful source of
Professionalism shared humanity
• We are proficient and efficient in all that we do
• We provide banking services knowledgeably Our Compassion: Our Gift
and skilfully
• We uphold regulatory obligations
Our Professionalism: Our Competence
| Faysal Bank
Board of Directors
| Faysal Bank
From Left to Right Back:
Mr. Juma Hasan Ali Abul (Director), Mr. Fuad Azim Hashimi (Director), Mr. Imtiaz Ahmad Pervez (Director),
Mr. Ali Munir (Director), Mian Muhammad Younis (Director), Mr. Abdulla Abdulaziz Ali Taleb (Director)
From Left to Right Front:

Mr. Ahmed Abdulrahim Mohamed Abdulla Bucheery (Vice Chairman), Mr. Farooq Rahmatullah Khan (Chairman),
Mr. Yousaf Hussain (President & CEO), Mr. Abdulelah Ebrahim Mohamed AlQasimi (Director)
Annual Report 2019 |

Directors Profile
Mr. Farooq Rahmatullah Khan • Member of National Commission of Government
Chairman Reforms
Mr. Farooq Rahmatullah is a Law graduate. He joined • Director on the Boards of PCB, PIA and Pakistan
Burma Shell Oil & Distribution Company in 1968 and Stone Development Company
worked in different roles in Chemicals, Human Resources,
Marketing, Supply, Distribution, Retail, etc. He was He is serving on the Boards of Directors of:
transferred to Shell International London in 1994 as a • Faysal Bank Limited
Manager in the Business Strategy Division and was
involved in various portfolios covering over 140 countries. • Society for Sustainable Development
On his return in 1998, he was appointed as Head of
Operations of Shell Pakistan and was looking after • Resource Development Committee of Aga Khan
Middle East and South Asia (MESA). In 2001, he was University Hospital
appointed as Chairman of Shell Companies in Pakistan
and Managing Director of Shell Pakistan Limited. • Hascol Oil Company
He is currently leading an Expert Energy group which He is also a Trustee of Legends Trust (Formed by the
has developed a 25-year Integrated Energy Plan (first Government of Sindh)
time ever in the history of energy planning) for the
country. This plan has been in principle accepted by
the Government, Pakistan Business Council, international
agencies and some other stakeholders. The Expert
Energy group continues to work in updating and revising
the energy plan on an annual basis and engaging
political leadership and other stakeholders.
Key Positions Held:

• Chairman of Shell Companies in Pakistan and
Managing Director of Shell Pakistan Limited
• Founding Member of PAPCO (Pak Arab Pipeline

Company Limited)
• Director General of Civil Aviation Authority of Pakistan
• Chairman of Oil and Gas Development Company Limited
• Chairman of LEADS Pakistan
• Founding Member of Pakistan Human Development Fund
• Member of the Economic Advisory Council, Ministry of

Finance, Government of Pakistan
| Faysal Bank
Mr. Ahmed Abdulrahim Mohamed
Abdulla Bucheery
Vice Chairman
Mr. Ahmed Abdulrahim holds an MBA from the

University of Glamorgan, Wales (UK), and is a Fellow
Member of the Institute of Financial Accountants,
London (UK) and the Institute of Public Accountants,
Australia. He also holds an Executive Management
Diploma from the University of Bahrain and an Advance
Banking Diploma from the Bahrain Institute of Banking
and Finance. He is also a certified Director from the
Pakistan Institute of Corporate Governance.
Ahmed Abdulrahim is the Chief Executive Officer of

Ithmaar Group, including Ithmaar Bank. He started his
career in the Accounting Department with Aluminum
Bahrain followed by Chase Manhattan Bank (currently
J.P. Morgan) as Head of Financial Control. He then joined
the National Bank of Bahrain where he served for 28
years in various executive levels and in different
capacities, including Manager of Foreign Exchange
and Funding, Chief Internal Auditor and Assistant
General Manager of Corporate Services Group.
Ahmed Abdulrahim held the dual roles of Deputy Chief

Executive Officer at Shamil Bank and Chief Operating
Officer at Ithmaar Bank for approximately four years. In
2013 he was appointed as CEO, Ithmaar Bank. Currently
serves as Vice Chairman of Faysal Bank Limited (Pakistan),
Vice Chairman of Solidarity Group (Bahrain), member of
the Board of Directors of Ithmaar Development Company
(Bahrain), Vice Chairman of The Benefit Company
(Bahrain), Vice Chairman of Bahrain Association of
Banks and Vice Chairman of The Waqf Fund of the
Islamic Banks (Bahrain).

Mr. Yousaf Hussain
President & CEO
Mr. Yousaf Hussain, President & CEO Faysal Bank, Yousaf is an Electrical engineer with an MBA from
has around 25 years of diverse local and international Lahore University of Management Sciences. He is a
professional experience. His previous assignments member of the Executive Committee of Pakistan Banking
have primarily been with ABN AMRO Bank, where he Association, a Council Member of the Institute of
held multiple senior managerial positions, mainly within Bankers-Pakistan, Director at Pakistan Business
Wholesale / Corporate Banking. Council and Pakistan Institute of Corporate Governance.
He is also a member of the Management Committee
He led a number of landmark international Investment of IBA- CEIF (Centre for Excellence in Islamic Finance).
Banking & Structured Finance transactions across
multiple industries. Yousaf has also been at the forefront
of two bank acquisition and integration transactions.
His experience also includes senior management
position with Samba Bank and earlier roles with
MashreqBank, UAE and Mobilink.
He has been with Faysal Bank since August 2008.

He has contributed significantly to the growth of the
franchise while holding senior management positions
within Corporate, Special Assets and Risk Management
Group. He was elevated, in early 2017, to become the
President & CEO of Faysal Bank Ltd.
Under his leadership, the Bank has embarked upon a

well structured plan to convert into a full fledged Islamic
Bank from a conventional bank. Simultaneously, the
Bank has also adopted a growth strategy through
major network expansion, new product offerings and
enhanced distribution efficiency coupled with customer
centric approach and increased focus on technology.
| Faysal Bank
Mr. Ali Munir
Director
Mr. Ali Munir has a BA degree from Government

College Lahore and an LLB Degree From The
University of Punjab, Lahore. He has over thirty years’
experience as a Chartered Accountant. He is a member
of the Institute of Chartered Accountants in England
and Wales and the Institute of Chartered Accountants
of Pakistan. He was also a member of Investment
Management Regulatory Organisation and the Securities
Association (now known as the SFA) in England. He
joined MCB Bank Ltd. in 1999 and has previously held
senior positions at Citibank, Saudi American Bank and
Habib Bank. In 2005, he was awarded the M.A Mozaffar
Memorial Gold Medal from the SBP and Institute of
Bankers in relation to his services to banking reforms
in Pakistan and Agriculture Finance. He was previously
the Chairman of the SBP Committee for Agricultural
Finance and also the Chairman of the SBP Committee
for Islamic Banking.

Mr. Abdulelah Ebrahim Mohamed AlQasimi
Director
Mr. Abdulelah AlQasimi has more than 38 years of

diversified management experience. His previous
positions include Chief Executive of the Labor Fund
(Tamkeen), from which he resigned in May 2010, Deputy
Chief Executive Officer of Labor Fund Project at the
Bahrain Economic Development Board, Assistant
Undersecretary for Training at the Bahrain Ministry of
Labor and Social Affairs, Director of Engineering and
Maintenance at the Bahrain Ministry of Health. He has
also served as the Chairman of the Bahrain Qualifications
Framework Steering Committee and the Steering
Committee of Career Expo and was a Board member
of the Bahrain Society of Engineers and the Bahrain
Consumer Protection Society.
He is currently a Chairman of Ithmaar Dilmunia General

Partner Co. and Member of the Board of Ithmaar Holding,
Ithmaar Bank, IB Capital, Solidarity Group Holding,
Chairman of Saudi Solidarity Takaful Co., Naseej BSC,
Faysal Bank Limited (Pakistan) and a member of the
Board of Trustees of Arabian Pearl Gulf School.
Abdulelah AlQasimi holds a BSc in Civil Engineering

from Queen Mary College University of London, UK,
and MSc in Health Facility Planning from the University
of North London, UK, and a Diploma in Health Care
Management from the Royal College of Surgeons in
Ireland, Bahrain. He is also a certified Director from the
Pakistan Institute of Corporate Governance.
| Faysal Bank
Mr. Fuad Azim Hashimi He has previously held directorships on the boards of
Director Clariant Pakistan Limited (the Pakistan subsidiary of a
global chemical company), Indus Valley School of Art
Fuad Azim Hashimi is a fellow of the Institute of and Architecture, National Refinery Limited (the largest
Chartered Accountants in England and Wales and refinery in Pakistan producing Lube Base Oils), Pakistan
currently heads The Pakistan Business Council’s Centre Cables Limited (the premier cable manufacturer and
of Excellence in Responsible Business (CERB). The market leader in Pakistan, and of Pakistan Security
mission of CERB is to bring about a change in mind-sets Printing Corporation of Pakistan (the state-owned
of business and industry leaders towards long-term enterprise that produces currency notes and security
sustainable value creation. paper) and Burj Bank Limited, since merged with Al
Baraka Bank (an Islamic Bank in which Islamic
Through leadership of the Pakistan Institute of Corporate Development Bank held equity interest through its
Governance from 2007 until 2016, he played a key role investment company, ICD) where he was additionally
to further corporate governance practices in Pakistan. the Chairman of their Audit Committees.
He is a member of the Private Sector Advisory Group
of International Finance Corporation, World Bank
Group and of the United Nations ESACP Sustainable
Business Network.
His career over the earlier 43 years has provided him

with a strong foundation in public accounting (he was
a partner for 10 years in A. F. Ferguson & Co, a member
firm of PricewaterhouseCoopers) as well as management
of diversified business and commercial ventures, in
Pakistan and abroad, ranging from banking, office
automation and information technology to mutual funds.
Hashimi’s other appointments include board directorships of

International Steels Limited (Pakistan’s largest flat steel
manufacturer with production capacity of 1 million tons)
and being a member of the Public Sector Committee
of the Institute of Chartered Accountants of Pakistan.
of Faysal Bank Limited (one of the progressive scheduled
banks engaged in Commercial, Retail, Corporate and
Islamic banking activities in Pakistan that is majority
owned by a Bahrain-based retail bank).

Mr. Imtiaz Ahmad Pervez
Director
Mr. Imtiaz Ahmad Pervez has work experience of more

than 35 years in the banking experience. Besides, he
was on the board of Ithmaar Bank BSC, Bahrain from
2012 to 2016. He has previously served on the board
of Al Barka Bank Pakistan Limited, Faysal Islamic Bank
of Bahrain BSC EC, Faysal Investment Bank of Bahrain
EC, Faysal Bank Limited Pakistan, Faysal Investment
Bank Limited Pakistan, Trust Leasing Corp. Limited
and Namco Management Company Limited. From
1959 to 1994, he held many senior positions in the
banking industry including that of Chief Operating
Officer of Faysal Islamic Bank of Bahrain BSC EC. He
was also the CEO of Al Faysal Investment Bank Limited
Pakistan in the year 1990. He holds a B.A. degree
from University of the Punjab, Pakistan and is a Fellow
of the Institute of Islamic Banking & Insurance,
London, U.K.
| Faysal Bank
Mr. Juma Hasan Ali Abul
Director
Mr. Juma Hasan Ali Abul is a fellow member of the

Association of Chartered Certified Accountants,
England, certified Director from the Pakistan Institute
of Corporate Governance and holds a Bachelors
Degree in Accounting, from Cairo (1980).
Key Positions Held:

• Fellow member of the Chartered Association of
Certified Accountants, England
• Certified Director from the Pakistan Institute of

Corporate Governance
• Bachelor Degree in Accounting, Cairo (1980).
• Executive General Manager, Ithmaar Bank BSC,

Bahrain (2010-2013).
• General Manager MFAI (Jersey) (2000 – 2010), then (2013

– Present), wholly owned subsidiary of the DMI Group.
• Executive Senior Manager, Shamil Bank of Bahrain BSC

(formerly, Faysal Islamic Bank of Bahrain) 1988-2000
• Board Memberships : Faysal Bank, Pakistan; CITIC

International Asset Management, Hong Kong; United
Bank of Albania (until 2011); Gulf Investors Asset
Management Co., Saudi Arabia; Chairman Gulf Co. for
Financial Investments; Chairman, Egypt; Egyptian
Investments Co; in addition to entities ranging from
trading, industrial, real estate development in Bahrain,
Cayman, Egypt and U.S.A.
• Worked with Touché Ross, London (now Deloitte),

and Peat Marwick Mitchell Bahrain (now KPMG)
–Chartered Accountants
• Lead restructuring of Group institutions as well as

major Mergers & Acquisitions

Mian Muhammad Younis Rules and Regulations. He established various Funds
Director including “Relief Funds” and was instrumental in framing
their accounting procedures, Financial / Investment
Mian Mohammad Younis possesses 38 years of Rules in consultation with Controller General Accounts
experience in Public Finance, Banking and Financial (CGA) and Auditor General of Pakistan’s Office.
Sector reforms with extensive knowledge of Corporate
Sector Governance, Rules, Regulations and Audit At present, he is on the Board of Directors of Faysal
Procedures. During his career, he was Head, Inter - Bank Limited since April 2014, Chairman Board Audit
Governmental Finance Wing (IGF), Regulation Wing (RW), and Corporate Governance Committee and member
and Human Resource Wing (HRW) of Finance Division Remuneration and HR Committee. He holds a Master’s
as Additional Finance Secretary (AFS). He was Secretary Degree in Economics and is also qualified in Project
to National Finance Commission (NFC) from 2003 to 2010 Appraisal & Risk Management (Duke, USA), Assessing
and was the first Chief Operating Officer (COO) of Khushal Financial System Stability (IMF Institute, Singapore),
Pakistan Fund Limited (KPF) under Finance Division. Promotion of Direct Foreign Investment (Osaka, Japan),
Promotion of Agro Based Industry (Manila Philippines),
Mian Younis established new ventures in the financial & and Islamic Banking (Kuala Lumpur, Malaysia).
Public Sector Entities (PSEs), through mergers along
with a team of experts. He contributed towards policy He is a certified expert in Corporate Governance &
formulation as a member of boards of various Corporate Leadership Skills from Pakistan Institute of Corporate
Sector entities and banks. He carried out the financial Governance (PICG) and has attended a number of
restructuring of several Non-Banking Financial Institutions workshops and seminars on Anti-Money Laundering &
(NBFI) as a member of Financial Sector Reforms Committee. Corporate Governance.
Affected recovery of loans extended to Provincial
Governments and other Public Sector entities by the
Federal Government and also assisted State Bank of
Pakistan (SBP) in managing the overdraft position of
provinces, AJK, and various Public Sector Corporations
from 2003 to 2011. He supervised not only the
Expenditure Budget of the Federal Government but
also implemented Public Sector Development
Programs of Finance Division from 2001 to 2011.
He was on the Board of Directors of Meezan Bank

Limited and also its Chairman Board Audit Committee
& member Risk Management Committee, for about
three years. He completed the process of liquidation of
Federal Bank for Cooperative (FBC) and Agriculture
Marketing and Storage Limited (AMSL) as liquidator.
Mian Younis served in the Public Sector for a long

time, while holding positions in different Government,
Semi Government and Autonomous Bodies i.e. FBR,
Economic Affair Division (EAD), M/O F&A, BOI, Pakistan
Software Export Board (PSEB) and Finance Division.
He gained vast experience in HR management through
formulation of HR Policies, Rules, Regulations Procedures
and their implementation, while Heading Regulation
Wing of Finance Division, mandated for fixation of
remuneration, perks and privileges of Parliamentarians,
Judiciary, Public Sector Entities and their HR Policies,
| Faysal Bank
Mr. Abdulla Abdulaziz Ali Taleb
Director
Mr. Abdulla Abdulaziz Ali Taleb has more than 18 years

of experience in banking and currently he is heading
Commercial and Financial Institutions and Treasury
Department of Ithmaar Bank, Bahrain. Besides that, he
has a strong work experience in a number of banking
functions; including Islamic financial services, corporate
banking, capital markets and credits. Prior to joining
Ithmaar Bank, he held senior positions in various
banks and financial institutions including BMI Bank,
First Investment Bank, Shamil Bank and Khaleej
Finance & Investments.
Abdulla Taleb has a Bachelors Degree in Banking &

Finance from Kingdom University and Associate Diploma
in Economics Banking and Finance from University of
Bahrain. He also holds an Advanced Diploma in Islamic
Banking from Bahrain Institute of Banking and Finance. In
addition Abdulla is a certified Director from the Pakistan
Institute of Corporate Governance.

Corporate Information
Board of Directors
Mr. Farooq Rahmatullah Khan Chairman/Non-Executive Director
Mr. Ahmed Abdulrahim Mohamed Abdulla Bucheery Vice Chairman/Non-Executive Director
Mr. Yousaf Hussain President & CEO
Mian Muhammad Younis Independent Director
Mr. Imtiaz Ahmad Pervez Non-Executive Director
Mr. Ali Munir Independent Director
Mr. Juma Hasan Ali Abul Non-Executive Director
Mr. Abdulelah Ebrahim Mohamed AlQasimi Non-Executive Director
Mr. Abdulla Abdulaziz Ali Taleb Non-Executive Director
Mr. Fuad Azim Hashimi Independent Director
Board Audit & Corporate Governance Committee

Mian Muhammad Younis Chairman
Mr. Juma Hasan Ali Abul Member
Mr. Ali Munir Member
Board Risk Management Committee

Mr. Imtiaz Ahmad Pervez Chairman
Mr. Abdulelah Ebrahim Mohamed AlQasimi Member
Mr. Abdulla Abdulaziz Ali Taleb Member
Mr. Yousaf Hussain Member
Board Recruitment Nomination and Remuneration Committee

Mr. Ahmed Abdulrahim Mohamed Abdulla Bucheery Chairman
Mian Muhammad Younis Member
Mr. Fuad Azim Hashimi Member
Mr. Ali Munir Member
Board Strategy Committee

Mr. Farooq Rahmatullah Khan Chairman
Mr. Ahmed Abdulrahim Mohamed Abdulla Bucheery Member
Mr. Fuad Azim Hashimi Member
Board IT Committee
Mr. Ali Munir Chairman
Mr. Abdulelah Ebrahim Mohamed AlQasimi Member
Mr. Abdulla Abdulaziz Ali Taleb Member
| Faysal Bank
Shariah Board
Mufti Muhammad Mohib-ul-Haq Siddiqui Chairman Shariah Board
Dr. Mufti Khalil Ahmad Aazami Shariah Board Member
Mufti Muhammad Abdullah Resident Shariah Board Member
Syed Majid Ali Chief Financial Officer

Mr. Aurangzeb Amin Company Secretary & Head of Legal
M/s. A.F. Ferguson & Co, Chartered Accountants Auditors
M/s. Mohsin Tayebaly & Co, Advocate Legal Advisors
Registered Office
Faysal Bank Limited
Faysal House, St-02, Commercial LanF,
Main Shahrah-e-Faisal, Karachi-Pakistan
UAN : (92-21) 111-747-747
Tel : (92-21) 3279-5200
Fax : (92-21) 3279-5226
Website : www.faysalbank.com
Share Registrar
CDC Share Registrar Services Limited
CDC House, 99-B, Block-B, SMCHS,
Main Shahra-e-Faisal, Karachi-74400
Tel : (92-21) 111-111-500
Fax : (92-21) 34326053
Email : info@cdcsrsl.com

Meetings Attendance
Attendance of Board of Directors Meetings during the year 2019
Attended by / Meeting Date 21-02-19 28-03-19 25-04-19 22-08-19 24-10-19 26-12-19
Farooq Rahmatullah Khan

Ahmed Abdulrahim Mohamed
Abdulla Bucheery
Yousaf Hussain
Mian Muhammad Younis
Juma Hasan Ali Abul
Imtiaz Ahmad Pervez

Abdulelah Ebrahim
Mohamed Al Qasimi
Abdulla Abdulaziz Ali Taleb
Fuad Azim Hashimi
Ali Munir
Attendance of Board Audit & Corporate Governance Committee Meetings during the year 2019
Attended by / Meeting Date 19-02-19 24-04-19 21-08-19 23-10-19 27-12-19
Juma Hasan Ali Abul
Ali Munir
Attendance of Board Risk Management Committee Meetings during the year 2019
Attended by / Meeting Date 19-02-19 24-04-19 21-08-19 23-10-19
Imtiaz Ahmad Pervez
Abdulelah Ebrahim Mohamed

AlQasimi
Yousaf Hussain
| Faysal Bank
Attendance of Recruitment, Nomination and Remuneration Committee Meetings during the year 2019

Abdulla Bucheery
Juma Hasan Ali Abul
Fuad Azim Hashimi
Ali Munir
Attendance of Board Strategy Committee Meetings during the year 2019
Farooq Rahmatullah Khan

Abdulla Bucheery
Juma Hasan Ali Abul
Fuad Azim Hashimi
Yousaf Hussain
Attendance of Board IT Committee Meetings during the year 2019

Ali Munir
Abdulelah Ebrahim Mohamed
AlQasimi
Yousaf Hussain

Senior Management
Syed Hasan Jafri (Head, Information Technology), Mr. Muhammad Arif (Chief Digital Officer),
Mr. Abadullah (Chief Compliance Officer), Mr. Muhammad Aurangzeb Amin (Company Secretary & Head, Legal),
Mian Salman Ali (Chief Risk Officer)

Mr. Raheel Ijaz (Chief Operating Officer), Mr. Bashir Ahmed Sheikh (Head, Special Assets Management),
Syed Majid Ali (Chief Financial Officer), Mr. Nasir Islam (Head, Internal Audit)
| Faysal Bank
Mr. Ali Waqar (Head, Corporate & Investment Banking), Mr. Aneeq Malik (Head, Operations),
Mr. Muhammad Faisal Shaikh (Head, Islamic Banking), Syed Muhammad Fraz Zaidi (Head, Strategy)

Mr. Tahir Yaqoob Bhatti (Head, Retail Banking), Mr. Salman Ahmed Usmani (Head, Treasury & ECM),
Mr. Yousaf Hussain (President & CEO), Mr. Monis Mirza (Head, Human Resources)

Senior Management Profile
Mr. Yousaf Hussain Mr. Raheel Ijaz
President & CEO Chief Operating Officer
Mr. Yousaf Hussain has over 26 years of professional Mr. Raheel Ijaz has over four decades of work experience.
experience, primarily at ABN AMRO Bank where he Before assuming this position, he accumulated a rich
held multiple senior managerial positions including those banking experience in institutions like MCB Bank Limited
within the Corporate / Credit and Transaction Banking as Group Head Compliance and Controls, Country
functions. He has been with Faysal Bank since August Head Sri Lanka, Head Corporate North & Public Sector;
2008, with a significant contribution to the franchise in United Bank Limited as Regional Chief Executive North
his previous positions as Chief Risk Officer, Regional and also held key positions in Faysal Bank, Prime
Corporate Banking Head-North and Head of Special Commercial Bank, and Emirates Bank International.
Assets Management Group. His experience also includes His last role with Faysal Bank Limited was as Head
a senior role with Samba Bank and earlier assignments Compliance. Mr. Raheel holds an MBA degree from
with Mashreq Bank and Mobilink / Motorola. Mr. Yousaf Quaid-e-Azam International University.
has a Bachelor’s of Science degree in Electrical
Engineering and has done his MBA from Lahore
University of Management Sciences.
| Faysal Bank
Mr. Salman Ahmed Usmani Syed Majid AliChief
Head, Treasury & ECM Financial Officer
Mr. Salman Usmani has a rich experience of over three Syed Majid Ali is a fellow member of the Institute of
decades in the local as well as multinational banking Chartered Accountants of Pakistan and has over
sector. His broad expertise covers Treasury and Risk years of experience in the field of accounts and finance
Management, Asset and Liability Management, Strategic disciplines of banking with exposure in IT and HR activities.
Planning, Corporate Restructuring, Strategic Negotiations, He has been associated as CFO at Saudi Pak Commercial
Acquisitions and Strategic Alliances and International Bank Limited (now Silk Bank Limited) and Emirates
Operations. His vast skill set has been instrumental in Bank International PJSC (Pakistan operations). He has
the design and implementation of the in-house developed also served as Partner in KPMG Taseer Hadi & Co,
Treasury System which is capable of meeting front, middle Chartered Accountants. Mr. Majid has rich experience
and back office business requirements and generates in Banking Finance amid mergers and acquisitions. He
a host of MIS while retaining the flexibility to adapt to has also supervised Strategy, Technology and
an evolving product suite. Prior to joining Faysal Bank Administration Functions at Faysal Bank Limited.
Limited, he was associated with MCB Bank Limited as
Global Treasurer and Head Investment Banking Group.
His past experience has been with organizations such
as ANZ Grindlays, American Express, Bank of America,
Mashreq Bank, United Bank Limited & MCB Bank
Limited. He holds an MBA Degree from Grand Valley
State University, USA.

Mr. Nasir Islam Mr. Tahir Yaqoob Bhatti
Head, Internal Audit Head, Retail Banking
Mr. Nasir Islam is a qualified Chartered Accountant Mr. Tahir Yaqoob Bhatti has over 32 years of diverse
with over three decades of multifaceted experience. experience in Retail, Commercial, Corporate, Operations,
His first assignment was as Manager Finance in ANZ Special Assets Management and Digital Banking. He
Grindlays, Karachi, after which he was posted at the has previously been associated mainly with Allied Bank,
ANZ HO (Melbourne, Australia), as Manager Commercial Askari Bank and National Bank of Pakistan. Prior to
Banking System (CBS) Project. He returned to Pakistan joining Faysal Bank Limited, his last assignment was
in 1997 as Manager Audit, joined ABN AMRO Pakistan Business Head – Wholesale and Private Banking at JS
as Audit Manager in 2000, and was appointed as Bank. Mr. Tahir holds an MBA (Finance) from IBA, Lahore
Country Head of Compliance in 2004. He has been and a Masters in Commerce from Hailey College. He
associated with Faysal Bank Limited since 2008. also qualified DCMA and holds a Banking Diploma
from the Institute of Bankers in Pakistan.
| Faysal Bank
Mr. Abadullah Mr. Ali Waqar
Chief Compliance Officer Head, Corporate & Investment Banking
Mr. Abadullah brings with him over 30 years of diversified Mr. Ali Waqar has over 17 years of professional
experience of Branch banking, Trade, Operations and experience, primarily in the field of Corporate &
Compliance. Prior to joining Faysal Bank Limited in Investment Banking, and Commercial Banking.
2005, he has been associated with Standard Chartered, Throughout his professional career, he has been
ANZ Grindlays and United Bank Limited. His last instrumental in driving the organization’s profitability
assignment with SCB was as Head Corporate Service through a diverse mix of transactions including Structured
Delivery. Prior to his current appointment as Chief Finance, Project Finance, Mergers & Acquisitions and
Compliance Officer, he has also held the position of Derivatives. He has served at key positions in leading
Head Operations at Faysal Bank. Mr. Abadullah has multinationals as well as local organizations including
been instrumental in implementing various projects ABN AMRO Bank N.V., Barclays Bank Plc. and Faysal
and had led teams which migrated core banking systems Bank Limited. Prior to his current assignment, Mr. Ali
in Faysal bank. He is a certified GRC professional from spearheaded Faysal Bank’s Regional Corporate Banking
GRCP International and diploma holder from Institute franchise for 9 years as the ‘Corporate Head-Central’
of Bankers in Pakistan. Mr. Abad is a certified director where he contributed significantly towards sustainable
from ICMA Pakistan and also holds MBA (Finance) portfolio and revenue growth. Mr. Ali holds an M.Sc.
degree from IBA Punjab. degree in Economics and Finance from Lahore School
of Economics.

Mian Salman Ali Mr. Bashir Ahmed Sheikh
Chief Risk Officer Head, Special Assets Management
Mian Salman Ali brings with him a banking experience Mr. Bashir Ahmed Sheikh has over 49 years of diversified
of over 16 years in large local and multinational banks. domestic as well as international banking experience
During his career, he has held various leadership / of Operations, Corporate Banking, Commercial/Retail
supervisory roles in business and control functions. Banking, Investment and Risk Management, with a
He has a diversified experience in the field of Corporate proven record of superior performance throughout his
Banking, Commercial / SME Banking & Credit / Risk career. He has strong skills in Syndications, Advisory
Management. Prior to joining Faysal Bank Limited, he Services, Acquisitions, Mergers, Privatizations, Agriculture
has been associated with ABN AMRO Pakistan and Financing, Remedial Management, Compliance and
Allied Bank Limited. Mian Salman holds a Master of dealing with the Regulators amid other relevant agencies.
Business Administration degree from Lahore School of Before joining Faysal Bank Limited in 2018, he has been
Economics. He is also a certified Islamic Banking associated with United Bank Limited, Union National
Professional from NIBAF. Bank, BCCI, Indus Bank, Askari Bank, Faysal Bank and
Bank Alfalah. His last assignment was Group Head
Special Assets Management at Bank Alfalah. Mr. Bashir
Ahmed Sheikh holds a graduation degree from
University of Punjab. He is also a Graduate of Executive
Development Program, Johnson Graduate School of
Management, USA.
| Faysal Bank
Syed Muhammad Fraz Zaidi Mr. Monis Mirza
Head, Strategy Head, Human Resources
Syed Muhammad Fraz Zaidi brings with him over 15 Mr. Monis Mirza has over 23 years of leadership
years of experience in the financial services sector, experience in Human Capital Management, Mergers &
where he has held leadership roles in Finance, Risk Acquisitions, Cultural Integration and Business Growth
Advisory and Strategy. Prior to joining Faysal Bank in multiple geographies. During his career, he has held
Limited, he has been associated with organizations key positions in Procter and Gamble (P&G), Standard
such as H & H Exchange Co. (Pvt.), A. F. Ferguson & Chartered Bank in Pakistan and Tenova Canada. He
Co. and United Bank Limited. His last assignment was remained Director of Human Resources and a
Head Operational Risk & Basel-II Division at United Management Committee member for SCB Pakistan for
Bank Limited. Mr. Fraz is a Chartered Accountant from over a decade, and helped the bank manage organic
the Institute of Chartered Accountants, Pakistan. and inorganic business growth, drive productivity
through engagement and organizational design efficiencies.
His last assignment was with HRS Global as Chief
Executive Officer – Recruiting. Monis Mirza acquired
his B.E. Electrical Engineering degree from University
of Buffalo, USA and MBA degree in Human Resources
from Institute of Business Administration, Karachi. He
has also completed an advance diploma in Human
Resources from McMaster University, Canada.

Mr. Aneeq Malik Syed Hasan Jafri
Head, Operations Head, InformationTechnology
Mr. Aneeq Malik is a solutions-focused banker with Syed Hasan Jafri brings with him over 34 years of
over 18 years of rich experience overseeing the diversified experience in both financial and non-financial
compliance function and branch operations. Prior to sectors. Mr. Hasan is an accomplished technology
joining Faysal Bank Limited, he has been associated professional having experience in Networking, Software
with banks like ABN AMRO and MCB. Mr. Aneeq is design, Product development, Information security,
recognized for being both reactive to developments in Internet and Telecommunication technologies. Prior to
the regulatory and governance environment and proactive joining Faysal Bank, he has been associated with
in areas related to compliance education and training. organizations such as Shahnawaz Limited, Karachi
Highly adept in identifying gaps and / or risk exposure Stock Exchange, Arif Habib Corporation, Summit
in operations as well as developing and implementing Bank and Allied Bank Limited. His last assignment was
strong systems of check and balances. He holds a Group Head Information Technology at Allied Bank
graduation degree from Punjab University, Lahore. Limited. Mr. Hasan holds a Masters of Information
He is a certified expert in Corporate Governance & Technology degree from PIMSAT, Karachi.
Leadership Skills from Pakistan Institute of Corporate
Governance (PICG). He is also certified from NIBAF in
Islamic Banking. He is on the Board of Directors of
M/s. 1Link (Guarantee) Ltd., as a nominee director
from Faysal Bank Limited as well.
| Faysal Bank
Mr. Muhammad Aurangzeb Amin Mr. Muhammad Arif
Company Secretary & Head, Legal Chief Digital Officer
Mr. Aurangzeb Amin brings with him over 23 years of Mr. Mohammad Arif has over 38 years of diversified
experience in the Financial Sector and Legal Consultancies experience in the field of Fintech, Digital Banking,
both in Pakistan and in the USA. During his career, he Islamic Banking and Technology & Operations. Prior to
has worked with NIB Bank and Pak-Kuwait Investment joining Faysal Bank in 2019, he has worked with Bill &
Co. as Company Secretary and Head Legal. He has Melinda Gates Foundation, Standard Chartered Bank
also worked with law firms locally and internationally, (Malaysia & Pakistan) and GBS – Malaysia. During his
namely Orr, Dignam & Co. and Surridge & Beecheno. tenure at previous organizations, he has been responsible
He has a Masters of Laws degree from Temple for strategic planning of technology initiatives, system
University, USA. developments, core banking solutions, digital banking
migration of channels, E-pay initiatives and managed
investments in technology & operations.

Mr. Muhammad Faisal Shaikh
Head, Islamic Banking
Mr. Muhammad Faisal Shaikh is a graduate of Institute

of Business Administration, Karachi with over 18 years
of experience in the field of Shariah Structuring and
Shariah Compliant Product Development. Prior to joining
Faysal Bank Limited, he was associated with BankIslami
Pakistan Ltd. and Meezan Bank Ltd. He has been
instrumental in the development of various pioneering
Islamic Corporate & Consumer Banking Products and
Sukuk structures in Pakistan including Islamic Export
Refinance Scheme of State Bank of Pakistan and
Pakistan’s inaugural sovereign International Sukuk. He
led the team which converted conventional assets and
liabilities of KASB Bank Ltd. after its acquisition by
BankIslami Pakistan Ltd. Prior to this, his team structured
acquisition and conversion of Citibank’s conventional
housing finance portfolio by BankIslami Pakistan Ltd.
He was an active member of the team responsible for
conversion and merger of Pakistan operations of
Societe Generale into Meezan Bank Ltd. He has also
served as a member of different advisory committees
of State Bank of Pakistan on Islamic Banking.
| Faysal Bank
Shariah Board Profile
Mufti Muhammad Mohib ul Haq Siddiqui Dr. Mufti Khalil Ahmad Aazami
Chairman Shariah Board Member Shariah Board
Mufti Mohib ul Haq is a prominent and a well-recognized Dr. Mufti Khalil Ahmad Aazami is a renowned Shariah
Shariah scholar of international repute. His credentials Scholar in Islamic Banking industry. Dr. Aazami is
include a specialized degree in Shahadat-ul-Aalamia graduated from Jamia Darul Uloom, Karachi. He obtained
(Masters in Arabic and Islamic Studies) and Al-Takhassus his Shahadat-ul-Aalamia (Masters in Arabic and Islamic
fi al-Iftaa (Specialization in Islamic Jurisprudence and Fatwa) Studies) and Al-Takhassus fi al-Iftaa’ (Specialization in
from the esteemed Jamia Darul Uloom, Karachi. Islamic Jurisprudence and Fatwa) from Jamia Darul
Uloom, Karachi. Dr. Aazami holds a Doctorate degree
Mufti Mohib ul Haq has a diversified experience of in “Islamic Jurisprudence” from University of Karachi.
more than 16 years in Islamic Finance Industry. He has Dr. Aazami is working with Bank Alfalah Islamic Banking
been associated with Faysal Bank Limited-Islamic since 2003 in the capacity of Shariah Advisor and now
Banking since 2011 as the Shariah Advisor prior to his serving Bank Alfalah as Chairperson Shariah Board
appointment as the Chairman of Shariah Board. since 2015. He is also Shariah Board Member of
Currently he is also Shariah Board Member of Bank National Bank of Pakistan-Islamic Banking and
Alfalah Islamic Banking and Bank Al Habib Islamic Banking. Faysal Bank Limited-Islamic banking.
Previously, he has served as the Shariah Advisor/ Dr. Aazami has served as an advisor / Shariah Board
Shariah Board Member at various Financial Institutions Member in different financial institutions including:
which include:
• Takaful Pakistan Limited (2005-2014)
• Bank Al Habib Limited • Alfalah GHP Islamic Fund (2007-2014)
• Takaful Pakistan Limited
• Royal Bank of Scotland Berhad Malaysia Dr. Aazami has significant research experience related
• JS Islamic Mutual funds to Islamic finance and other Shariah related subjects.
Furthermore, he is the member of AAOIFI Shariah
He has significant experience in teaching at renowned Standards Committee (Karachi). He is an author of
institutions and is also a Faculty Member/ Visiting numerous publications. He is also experienced lecturer
Faculty Member of various well-known Institutions and trainer in field of Islamic finance, Economics, Fiqh,
such as: Islamic financial laws and general Islamic science at
various institutions which included:
• Jamia Darul Uloom Karachi
• Centre for Islamic Economics (CIE) • Jamia Darul Uloom, Karachi
• National Institute of Banking and Finance (NIBAF) – SBP • Centre for Islamic Economics (CIE)
• Institute of Cost and Management Accountants of • National Institute of Banking and Finance (NIBAF)- SBP
Pakistan (ICMA) • Sheikh Zaid Islamic Research Centre - University
of Karachi
• Institute of Business Administration Center of
Excellence in Islamic Finance (IBA-CEIF)

Mufti Muhammad Abdullah
Resident Shariah Board Member
Mufti Muhammad Abdullah possess both contemporary

as well as religious academic qualifications. He holds
Shadat-ul-Aalamia (Masters in Islamic Studies & Arabic)
from Jamiatul-Uloomil-Islamiyyah, Binnori Town, Karachi
and Al-Takhassus fi al-Iftaa (Specialization in Islamic
Jurisprudence and Fatwa) from Jamia Darul-Uloom
Rasheedia, Karachi. He also holds Master’s degrees in
Arabic, Economics & Finance and General History from
University of Karachi, Islamic Studies, History from
Federal Urdu University and Muslim History from
University of Sind.
Mufti Abdullah has wide and diversified professional

and educational experience. He has over eight years
extensive experience in Islamic Banking including Shariah
Board & Shariah Compliance with prestigious institutions
such as Standard Chartered Bank Pakistan Limited
(Saadiq Division), Albaraka Bank Pakistan Limited and
formerly Emirates Global Islamic Bank, Pakistan. In
addition, he has significant experience of teaching in
the field of Social, Management Sciences and Islamic
Finance in renowned educational Institutions including
National University of Computer and Emerging Sciences
(FAST), DHA Suffa University and IQRA University.
| Faysal Bank
Senior Management
and Internal Committees
Senior Management Committee Conversion to Islamic Committee
Yousaf Hussain Yousaf Hussain

Chairman Chairman
Raheel Ijaz Raheel Ijaz

Member Member
Syed Majid Ali Syed Majid Ali

Member & Secretary Member & Secretary
Salman Ahmed Usmani Mufti Muhammad Mohib ul Haq Siddiqui

Member Member
Tahir Yaqoob Bhatti Mufti Muhammad Abdullah

Member Member
Abadullah Muhammad Faisal Shaikh

Member Member
Ali Waqar Salman Ahmed Usmani

Member Member
Mian Salman Ali Tahir Yaqoob Bhatti

Member Member
Bashir Ahmed Sheikh Ali Waqar

Member Member
Syed Muhammad Fraz Zaidi Abadullah

Member Member
Monis Mirza Mian Salman Ali

Member Member
Aneeq Malik Syed Hasan Jafri

Member Member
Syed Hasan Jafri Syed Muhammad Fraz Zaidi

Member Member
Muhammad Faisal Shaikh Aneeq Malik

Member Member
Muhammad Arif Monis Mirza

Member Member

IT Steering Committee Asset & Liability Committee

Chairman Chairman
Raheel Ijaz Salman Ahmed Usmani

Member Member & Secretary
Syed Majid Ali Tahir Yaqoob Bhatti

Member Member
Mian Salman Ali Ali Waqar

Member Member
Aneeq Malik Mian Salman Ali

Member Member
Abadullah Syed Majid Ali

Member Member
Tahir Yaqoob Bhatti Syed Muhammad Fraz Zaidi

Member Member
Syed Hasan Jafri Muhammad Faisal Shaikh

Member Member
Muhammad Maad
Member Investment Committee
Imran Saeed Chaudhry Yousaf Hussain

Member & Secretary Chairman
Syed Fraz Zaidi Salman Ahmed Usmani

Member Member & Secretary
Muhammad Arif Ali Waqar

Member Member
Mian Salman Ali

Member
Syed Majid Ali

Member
Syed Muhammad Fraz Zaidi

Member
| Faysal Bank
Compliance & Fraud Risk Committee Enterprise Risk Management Committee

Chairman Chairman
Raheel Ijaz Raheel Ijaz

Member Member
Abadullah Salman Ahmed Usmani

Member & Secretary Member
Syed Majid Ali Syed Majid Ali

Member Member
Mian Salman Ali Mian Salman Ali

Member Member
Aneeq Malik Ali Waqar

Member Member
Tahir Yaqoob Bhatti Tahir Yaqoob Bhatti

Member Member
Nasir Islam Aneeq Malik

Observer Member
Abadullah
Country Credit Committee Member
Yousaf Hussain Muhammad Maad

Chairman Member
Mian Salman Ali Nasir Islam

Member & Secretary Observer
Ali Waqar
Member
Tahir Yaqoob Bhatti

Member

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Corporate Social Responsibility
In alignment with Faysal Bank’s new Islamic identity, it has embarked on a holistic strategy under the guidance of
the Board which aligns the bank’s vision to evolve its Corporate Social Responsibility strategically in resonance with
its Islamic values and mission. Thus, all CSR activities carried out by the bank are in furtherance of Islamic values. It
also endeavors to ensure that the benefit of these CSR activities reach to the societies/geographies where it
provides banking services.
Faysal Bank’s CSR mission is “to establish, operate and/or assist any non-profit institution for charitable purposes,
including relief to poor, education, environment, medical relief and advancement of any general utility”.
To achieve this mission, Faysal Bank undertakes the following activities:

a) Work towards furtherance of medical care, establishment and/or assistance to medical clinics, providing
healthcare to the handicapped, and creation of rehabilitation programs.
b) Assisting hospitals and institutions already engaged in such endeavors.
c) Assisting in education and skill development of deserving students both within and outside of Pakistan.
d) Providing relief to the poor by helping them educate their children and/or improving their earning levels.
e) Assisting in improving the environment by implementing ‘Go Green’ initiatives and supporting organizations
involved in such activities.
In 2019, PKR 97,902,755 was contributed UISPVHI8BRG'BZTBMtowards educational institutions, vocational

training institutions,healthcare and medical equipment, environment protection, and staff welfare.
Education
Faysal Bank believes that education is the main driver of growth for a country’s progress. It, therefore, consistently
assists in the education of under-privileged and deserving students within and outside Pakistan. With its new Islamic
positioning, it is focusing on developing alliances with universities supporting Islamic programs, scholarships fund
to deserving students, research and training of Scholars, etc. in order to promote Islamic banking. Such partnerships
ensure provision of skilled human resources in the field of Islamic banking and are a meaningful contribution to
equipping the less privileged students with knowledge and education, which would become an asset to the country.
Under its education program, Faysal Bank is providing various donations to reputable educational institutes and is
supporting deserving students to cover their educational expenses. This also includes professional education, vocational
training, and skills development. Faysal Bank contributed 36% of its CSR spend towards the following institutions:
Lahore University of Management Sciences (LUMS) Behbud Association of Pakistan

Institute of Business Administration (IBA) Development in Literacy (DIL)
Lahore Businessmen Association for Rehabilitation of the Professional Education Foundation
Disabled (LABARD) Path Education Society (Rahnuma Public School)
The Society for Rehabilitation of Special Children (SRSC) Hunar Ghar
The Hunar Foundation Centre for Excellence in Islamic Finance (CEIF)
| Faysal Bank
Health
Faysal Bank aims to provide quality healthcare facilities to the underprivileged and marginalized segments of the
society. Therefore, it is actively contributing towards the improvement of the health sector, ensuring that the masses
benefit from its contribution. In order to achieve its health sector goals, Faysal Bank has collaborated with various
NGO’s, government hospitals, and associations that are positively contributing in the development of new facilities
and free treatments of patients. This includes financial support directly to patients and also to the hospitals
(renovation, machines, running) and patient welfare organizations.
Faysal Bank contributed 31% of its CSR spend towards the following healthcare institutions:
Patient Aid Foundation
Shaukat Khanum Memorial Hospital & Research Centre
Indus Hospital
The Kidney Centre
Pink Ribbon
People's Primary Healthcare Initiative (PPHI Balochistan)
Child Aid Association (National Institute of Child Health)
Special Olympics Pakistan
Environment
With the emphasis on the “Go Green” policy regulated by the State Bank of Pakistan, Faysal Bank has developed
a Green-investment initiative called “Come Grow With Us”, that aims to create a healthier and greener environment
for the people of Pakistan. Its vision through these initiatives is to engage and create awareness among the present
and potential customers and employees of the bank. Under this vision, Faysal Bank is working on its latest project
in partnership with Karachi Relief Trust for a “Green Mosque” initiative. This project consists of installing “fixed
volume delivery” taps at mosques in order to save water used doing ablution, as well installing a recycling system
which will use waste water from ablution for tree irrigation. In addition to this, 400 trees will be planted near to
these mosques.
Faysal Bank contributed 10% of its CSR spend towards the following environmental cause:
Karachi Relief Trust
Financial Assistance to Employees

Faysal Bank also believes that providing assistance to the internal stakeholders will create stronger ties within the
organization. In order to sustain this relationship, Faysal Bank provides financial assistance to the under-privileged
employees, covering their family’s medical expenses/health care, educational expenses in special cases, expenses
incurred from unforeseen events/emergencies/accidents, natural calamities, wedding expenses, etc.
Faysal Bank contributed 11% of its CSR spend towards financial assistance to its staff.
Other Causes
Faysal Bank contributed 11% of its CSR spend towards the following causes:
Ration Packs for Staff
Karachi Airport Prayer Rooms Refurbishment
Pakistan Army Fundraiser
| Faysal Bank
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Notice of the Twenty Fifth
Annual General Meeting
Notice is hereby given that the 25TH Annual General Meeting
of Faysal Bank Limited (“FBL”) will be held on March 26, 2020
at 9:00 a.m. at Zaver Hall, Pearl Continental Hotel, Karachi to
transact the following business:
Ordinary Business:
1. To confirm the minutes of the 24th Annual General Meeting held on March 28, 2019.
2. To confirm the minutes of Extra Ordinary General Meeting held on October 24, 2019.
3. To receive and adopt Unconsolidated & Consolidated Financial Statements and Statement of Compliance with
Code of Corporate Governance of FBL for the year ended December 31, 2019 together with the Directors’ and
Auditors’ Reports thereon.
4. To elect Ten (10) Directors of FBL for a period of three years commencing from March 26, 2020 in accordance
with the provisions of the Companies Act, 2017 and Memorandum and Articles of Association. The names of
retiring Directors are as under:
1. Mr. Farooq Rahmatullah Khan

2. Mr. Ahmed Abdulrahim Mohamed Abdulla Bucheery
3. Mian Muhammad Younis
4. Mr. Imtiaz Ahmad Pervez
5. Mr. Juma Hasan Ali Abul
6. Mr. Abdulelah Ebrahim Mohamed AlQasimi
7. Mr. Abdulla Abdulaziz Ali Taleb
8. Mr. Fuad Azim Hashimi
9. Mr. Ali Munir
The Board of Directors has fixed the number of Directors to be elected at this meeting held on February 13, 2020.
The retiring Directors shall be eligible to offer themselves for re-election in accordance with applicable Regulations.
5. To appoint External Auditors for the ensuing financial year 2020 at Rs.12,800,000/- (excluding out of pocket
expenses and sales tax) for the audit fee, review and certifications. The present Auditors, A.F. Ferguson &
Company, Chartered Accountants, being eligible, offer themselves for reappointment.
6. Any other business with the permission of the Chair.
Special Business:
7. To Consider and approve the amount of remuneration paid to the Non-Executive/Independent Directors of FBL
during the year 2019 for attending the Board/Sub-Committees Meetings and in that connection to pass the
following resolution as Special Resolution, with or without modification, addition or deletion.
| Faysal Bank
“RESOLVED that the remuneration paid to the Chairman, Non-Executive and Independent Directors of Faysal
Bank Limited for attending Board meetings and meetings of the Board Committees i.e. Recruitment, Nomination
and Remuneration Committee; Board Risk Management Committee; Board Audit & Corporate Governance
Committee; Board Strategy Committee and Board IT Committee as disclosed in Note No. 38 of the Annual Audited
Unconsolidated Financial Statements of the Bank for the year ended December 31, 2019 is submitted to the
shareholders for approval on a post facto basis, be and is hereby approved.”
8. To consider and approve Directors Remuneration Policy for Non-Executive/Independent Directors of FBL for
attending the Board and Sub-Committees Meetings, which enumerates the scale of remuneration amongst other
matters, and in that connection to pass the following resolution as Special Resolution, with or without modification,
addition or deletion
“RESOLVED that in terms of the BPRD Circular No. 03 dated 17-08-2019 by the State Bank of Pakistan, the
Directors Remuneration Policy of the Board of Directors of Faysal Bank Ltd., including the scale of remuneration
for attending board and committee meetings, as circulated to the members along with the Notice of the 25th
Annual General Meeting, be and hereby is approved:
9. To approve revised Memorandum & Articles of Association (MOA) of the Bank as per Companies Act, 2017 and
Code of Corporate Governance 2019 and in that connection to pass the following resolutions as Special Resolutions,
with or without modification, addition or deletion.
“RESOLVED that the revised Memorandum & Article of Association of Faysal Bank Limited are being made in
line with Companies Act, 2017 and Code of Corporate Governance 2019 are submitted herewith be and is
hereby approved, subject to all Regulatory approvals".
FURTHER RESOLVED "that the Chief Executive Officer/Company Secretary /Chief Financial Officer of the Bank
be and are hereby singly authorized and empowered to give effect to the above resolution and to do all acts, deeds
and things that may be necessary or required and to sign such documents and take such steps from time to
time as and when necessary".
10. To transact any other Business with the permission of the Chairman.
By the order of the Board
Karachi dated: March 4, 2020
Aurangzeb Amin
Company Secretary & Head of Legal
Notes:
1. The Directors of the Company have fixed, under sub-section (1) of Section 159 of the Companies Act, 2017, the
number of elected directors of the Company at Ten (10).
2. The Share Transfer Books of the Bank shall remain closed from March 19, 2020 to March 26, 2020 (both days
inclusive). Transfer received at the Share Registrar of the Bank, by the close of business on March 18, 2020 will
be treated in time.

3. A member entitled to attend and vote at the Meeting may appoint another Member as per his/her proxy to attend
and vote for him/her provided that a corporation may appoint as its proxy a person who is not a member, but is duly
authorized by the corporation. Proxies must be received at the Registered Office of the Bank not less than 48
hours before the time of the holding of the Meeting.
4. Members are required to timely notify any change in their address to Bank’s Shares Registrar M/s. CDC Share
Registrar Services Limited , CDC House, 99-B, Block-B, S.M.C.H.S., Main Shahrah-e-Faisal, Karachi.
5. CDC Account Holders will further have to follow the under mentioned guidelines as laid down in Circular 1 dated
January 26, 2000 issued by the Securities and Exchange Commission of Pakistan.
A. For attending the Meeting:

i) In case of individuals, the account holder or sub-account holder and/or the person whose securities are in
group account and their registration detail are uploaded as per the regulations, shall authenticate his/her
identity by showing his/her original Computerized National Identity Card (CNIC) or original passport at the
time of attending the Meeting.
ii) In case of corporate entity, the Board of Directors’ resolution/power of attorney with specimen signature of
the nominee shall be produced (unless it has been provided earlier) at the time of Meeting.
B. For appointing proxies:

i) In case of individuals, the account holder or sub-account holder and /or the person whose securities are in
group account and their registration details are uploaded as per the regulations, shall submit the proxy
form as per the above requirement.
ii) The proxy form shall be witnessed by two persons whose names, addresses and CNIC numbers shall be
mentioned on the form.
iii) Attested copies of CNIC or the passport of the beneficial owners and the proxy shall be furnished with the
proxy form.
iv) The proxy shall produce his/her original CINC or original passport at the time of the Meeting.
v) In case of corporate entity, the Board of Directors’ resolution/power of attorney with specimen signature
shall be submitted (unless it has been provided earlier) along with proxy form to the Company.
6. Availability of Audited Financial Statements on Company's Website

The Company has placed the Audited Annual Financial Statements for the year ended December 31, 2019 along
with Auditor’s and Director’s Reports thereon on its website: www.faysalbank.com
7. Transmission of Financial Statements to the Members through e-mail

In pursuance of SECP notification S.R.O 787 (I)/2014 dated September 08, 2014, the companies have been allowed
to circulate their Annual Balance Sheet and Profit and Loss Account, Auditor's Report and Director's Report (Annual
Financial Statements) along with Notice of Annual General Meeting (Notice) through e-mail to the members of the
Company. Members desiring to avail this facility may provide the requisite information to the Company Share Registrar,
M/s. CDC Share Registrar Services Limited , CDC House, 99-B, Block-B, S.M.C.H.S., Main Shahrah-e-Faisal,
Karachi for which form may be downloaded from the Company's website: www.faysalbank.com
| Faysal Bank
8. Post Ballot:
Pursuant to the Companies (Postal Ballot) Regulations 2018, for the purpose of election of directors, where in case
number of contestants are more than the number of directors to be elected member will be allowed to exercise
their right to vote through postal ballot, that is voting by post in accordance with the requirements and procedures
contained in the aforesaid regulations.
9. Consent for Video Conference Facility:

Members can also avail video conference facility. In this regard, please fill the following and submit the registered
address of the Company 10 days before holding of the AGM.
If the Company receives consents from members holding in aggregate 10% or more shareholding residing at a
geographical location, to participate in the Meeting through video conference at least 10 days prior to date of the
Meeting , the Company will arrange video conference facility in the city subject to availability of such facility in that city.
The Company will intimate members regarding venue of the video conference facility at least 10 days before the
date of AGM along with complete information necessary to enable them to access such facility.
“I/We________ of_______ being a member of Faysal Bank Limited, holder of _____ Ordinary Shares as per
registered Folio # CDC ID & A/C No. _____ hereby opt for video conference facility at ________.
My email address___________”
Signature of Shareholder
For any query/problem/information, members may contact our Share Registrar M/s. CDC Share Registrar Services
Limited , CDC House, 99-B, Block-B, S.M.C.H.S., Main Shahrah-e-Faisal, Karachi.
STATEMENTS UNDER SECTION 166 (3) OF THE COMPANIES ACT, 2017 IN RESPECT OF
ELECTION OF DIRECTORS UNDER AGENDA ITEM NO.4
The term of office of the present Directors of the Company will expire on March 26, 2020. In terms of Section 159
(1) of the Companies Act, 2017 (“Act”), the Board of Directors have fixed the number of elected Directors at Ten
(10) to be elected in the Annual General Meeting for the period of three years.
The present Directors are interested to the extent that they are eligible for re-election as Directors of the Company.
Any person who seeks to contest election to the office of director shall, whether he is a retiring director or otherwise,
file his/her consent with the Company at its Registered Office, Faysal Bank Limited, Faysal House, St-02, Commercial
Lane, Main Shahrah-e- Faisal, Karachi not later than fourteen (14) days before the day of the meeting, along with
the following documents:
A. Notice of his / her intention to offer him / herself for the election to the Office of Director in terms of section 159(3).
B. Consent to act as director of the Company along with consent on Form 28 prescribed under the Act.
C. A detail profile along with office address as required under SECP’ SRO 634(1)2014 dated July 10, 2014.

D. A director must be a member of the company at the time of filing of his/her consent for contesting election of
directors except a person representing a member, which is not a natural person.
E. Declaration under Clause 3 of the Listed Companies (Code of Corporate Governance) Regulations 2019.
F. Declaration that he/she is not ineligible to become a director of FBL in terms of Section 153 of the Act.
G. Independent Director(s) will be elected through the process of election of director in terms of section 159 of the
Act and they shall meet the criteria laid down in Section 166 of the Act, and the Companies (Manner and Selection
of Independent Directors) Regulations 2018, accordingly the following additional documents are to be submitted
by the candidates intending to contest election of directors as an independent director:
• Declaration by Independent Director(s) under Clause 6(3) of the Listed Companies (Code of Corporate
Governance) Regulation 2019.
• Undertaking on non-judicial stamp paper that he / she meet the requirements of sub-regulation (1) of
Regulation 4 of the Companies (Manner and Selection of Independent Directors) Regulations, 2018.
STATEMENT OF MATERIAL FACTS UNDER SECTION 134(3) OF THE COMPANIES ACT, 2017
IN RESPECT OF SPECIAL BUSINESS
Agenda Item No. 7:

To Consider and approve the amount of remuneration paid to the Non-Executive/Independent Directors of FBL
during the year 2019 for attending the Board/Sub-Committees Meetings and in that connection to pass the
following resolution as a Special Resolution, with or without modification, addition or deletion.
RESOLVED that the remuneration paid to the Chairman, Non-Executive and Independent Directors of Faysal Bank
Limited for attending Board meetings and meetings of the Board Committees i.e. Recruitment, Nomination and
Remuneration Committee; Board Risk Management Committee; Board Audit & Corporate Governance Committee;
Board Strategy Committee and Board IT Committee as disclosed in Note No.38 of the Annual Audited Unconsolidated
Financial Statements of the Bank for the year ended December 31, 2019 is submitted to the shareholders for
approval on a post facto basis, be and is hereby approved.”
Agenda Item No. 8:

To consider and approve Directors Remuneration Policy for Non-Executive/Independent Directors of FBL for
attending the Board and Sub-Committees Meetings, which enumerates the scale of remuneration amongst other
matters, and in that connection to pass the following resolution as Special Resolution, with or without modification,
addition or deletion.
Keeping in view the BPRD Circular No. 03 dated 17-08-2019, issued by the State Bank of Pakistan, a policy
pertaining to the remuneration of the Board has been drafted and the same has been approved by the Board of
Directors of Faysal Bank Ltd., The Policy amongst other things also enumerates the scale of remuneration to be paid
to the directors of Faysal Bank Ltd., for attending the Board and Committee meetings. Accordingly, the members are
requested to consider and approve the said policy by adopting the below mentioned special resolution.
| Faysal Bank
“RESOLVED that in terms of the BPRD Circular No. 03 dated 17-08-2019 by the State Bank of Pakistan, the
Directors Remuneration Policy of the Board of Directors of Faysal Bank Ltd., including the scale of remuneration for
attending board and committee meetings, as circulated to the members along with the Notice of the 25th Annual
General Meeting, be and hereby is approved:
Agenda Item No. 9:

To approve revised Memorandum & Articles of Association (MOA) of the Bank as per Companies Act, 2017 and
Code of Corporate Governance 2019 and in that connection to pass the following resolutions as Special Resolutions,
with or without modification, addition or deletion.
The Board of Directors recommend the amendments in the Memorandum and Articles of Association to bring the
Company's Memorandum & Articles of Association in line with the provisions of the Companies Act, 2017 and other
legal and regulatory requirements. Certain amendments in the Memorandum & Articles were necessitated for the
reason that Fayal Bank Ltd., is in the process transforming into a full fledge Shariah compliant Islamic Bank.
In accordance with Section 32 of the Companies Act, 2017, approval of the shareholders in a General Meeting is
required by way of a special resolution to alter the Company's Memorandum and Articles of Association.
The proposed amendments in Memorandum & Articles of Association have been approved by the Board of Directors
at its meeting held on February 13, 2020 subject to all Regulatory and shareholders approvals with changes, if any,
as may be suggested by the Regulators and accepted by the Board of Directors. The revised Memorandum &
Articles of Association are submitted herewith.
A copy of the Memorandum & Article of Association of the Bank as on date and also indicating the proposed
amendments is available for inspection at the registered office of the Bank from 9:00 am to 5:00 pm on any
working day, upto last working day before the date of AGM.
The Directors of the Company have no personal interest in the business except in their capacity as shareholders of
the Bank to the extent of their respective shareholding.
For the purpose aforesaid, it is proposed to consider and, if thought fit, to pass the following resolutions as Special
Resolutions with or without modifications, to amend the Memorandum & Article of Association of the Bank and
adopt a new set of MOA of the Bank.
“RESOLVED that the revised Memorandum & Article of Association of Faysal Bank Limited are being made in line
with Companies Act, 2017 and Code of Corporate Governance 2019 are submitted herewith be and is hereby
approved, subject to all Regulatory approvals".
FURTHER RESOLVED "that the Chief Executive Officer/Company Secretary /Chief Financial Officer of the Bank be
and are hereby singly authorized and empowered to give effect to the above resolution and to do all acts, deeds
and things that may be necessary or required and to sign such documents and take such steps from time to time
as and when necessary"

Report of the Board Audit and
Corporate Governance Committee
The Board Audit and Corporate Governance Committee (BACGC) comprises of three directors having vast
experience and knowledge of Banking, Finance, Corporate Governance, Asset Management, Audit & Accounting.
Out of three members, two are independent Directors and one is a non-Executive Director. The Chairman BACGC
is an independent director. The BACGC in 2019 updated its Terms of Reference (TORs) in line with SECP’s Code
of Corporate Governance 2019, SBP’s Guidelines on Internal Audit Function and other guidelines issued by the
Regulators and approved by the Board of Directors (BOD).
The Committee focused on the effectiveness of the Internal Control, Compliance Risk Management, Operational
Risk Management Framework and application of Regulatory & International Accounting Standards as well as
compliance requirements of Corporate Governance best practices, Impact of IFRS 16, significant risk areas of
Provisions, Risk of fraud in revenue recognition & its practices due to high degree of automation in FBL. With respect
to the acquisition of FAML, PPA exercise was reviewed. Going forward BACGC will also supervise & monitor the
status of IFRS 9 regarding disclosures in the annual financial statements. The Committee also reviewed revisions in
MOA/AOA of FBL in line with Companies Act 2017 and recommended it for the approval of BOD and Shareholders.
Therefore, fully complied with its TORs.
The Committee not only approved the Internal Audit plan for 2019, revised Internal Audit Manual/ Charter but also
approved Internal Shariah Audit Manual and Compliance Plan 2019 as per requirements of SECP’s Code of Corporate
Governance (COCG), SBP’s Guidelines on Internal Audit Function and Compliance Risk Management Framework.
The provision of all kind of resources was ensured to both Internal Audit Function and to the Compliance Function
to successfully implement their annual plans and other activities. Head of Internal Audit was given free access to
approach BACGC to ensure proper reporting in all sensitive matters / issues of FBL relating to his subject. The
Committee convened 4 mandatory and one additional meeting during the year 2019.
Major activities undertaken by the Committee to improve the overall performance of FBL during 2019 are as follows:
• BACGC reviewed/examined the unconsolidated and consolidated quarterly, half yearly, and annual financial statements
for the year 2019 along with director’s review reports of FBL which were approved by the BOD on its recommendation.
BACGC reviewed related party transactions with assurance from management that all transactions were undertaken
at arm’s length and reported the same for BOD’s approval.
• BACGC also held detailed discussions with external auditors on audit scoping for the year 2019 as well as major
observations made in their management letters and reviewed the management’s response thereto. The appointment
of external auditors for the year 2019 and their fee was approved by the Board on its recommendation. BACGC
also reviewed the new format for the financial statements to be adopted for the annual accounts of 2018 with the
external auditors keeping in view changes made in accounting procedure to be incorporated in the Financial
Statements from 2019 as well as identified the reporting requirements as per Companies Act 2017 and Code of
Corporate Governance 2019.
• BACGC reviewed/analyzed the performance of Income Tax consultant with note of satisfaction. Internal Audit
Department (IAD) high risk observations were reviewed with the assurance that their monitoring and implementation
are in accordance with targeted dates. An assurance was also given to BACGC that Policies adopted by the Bank
are sufficient & appropriate and information provided by the management is reliable. The BACGC also reviewed
adequacy and quality of IAD resources.
| Faysal Bank
• The BACGC monitored the status/ progress of implementation of the SBP’s Guidelines on Internal Audit Function
and noted with satisfaction that the implementation is on track. As per requirement, Strategy for 2019- 2023 of the
IAD was finalized within the scope of overall strategy of FBL so that overall targets achievement could be ensured.
• BACGC reviewed and monitored the implementation of the Annual Compliance Plan for the year 2019 on quarterly
basis. Updated itself on AML/CFT procedures as per SBP regulations and Financial Action Task Force (FATF)
recommendations along with quarterly review of the Foreign Account Tax Compliance Act (FATCA) and Whistle
Blow Committee (WBC) cases & internal investigation findings and timely actions taken by the management.
• BACGC reviewed quarterly and an annual update of Fraud and Forgery cases & major findings of internal investigations
in the area along with management’s action thereon and noted with satisfaction the tangible reduction in these cases.
• BACGC not only reviewed the Institutional Risk Assessment Framework (IRAF) – Self Assessment Questionnaire
but also the implementation of Internal Controls over Financial Reporting (ICFR) program across the Bank.
• BACGC reviewed the quarterly Compliance of the SBP inspection report and SBP’s thematic review reports along
with monitoring the compliance status of these reports. The Committee also reviewed statement on internal control
system which was endorsed by the Board.
• BACGC conducted self-assessment of its performance for the year to comply with its TORs as per SECP Code of
Corporate Governance requirement and presented it to the BOD. The Board appreciated the performance of the
Committee in their evaluation for that year.

Chairman - BACGC

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Statement of Compliance with the
Listed Companies Code of Corporate
Governance Regulations 2019
Faysal Bank Limited
Year ended: December 31, 2019
The Bank has complied with the requirements of the Regulations in the following manner:
1. The total number of Directors are ten as per the following:
Gender Number
Male 10
Female Nil
2. The composition of Board is as follows:
Category Names
Independent Directors Mian Muhammad Younis
Mr. Fuad Azim Hashimi
Mr. Ali Munir
Non-Executive Directors Mr. Farooq Rahmatullah Khan
Mr. Ahmed Abdulrahim Mohamed Abdulla Bucheery
Mr. Juma Hasan Ali Abul
Mr. Imtiaz Ahmad Pervez
Mr. Abdulelah Ebrahim Mohamed Al Qasimi
Mr. Abdulla Abdulaziz Ali Taleb
Executive Director Mr. Yousaf Hussain, President & CEO
3. The directors have confirmed that none of them is serving as a director on more than seven listed companies,
including this Bank;
4. The Bank has prepared a Code of Conduct and has ensured that appropriate steps have been taken to
disseminate it throughout the Bank along with its supporting policies and procedures;
5. The Board has developed a vision / mission statement, overall corporate strategy and significant policies of the
Bank. The Board has ensured that complete record of particulars of significant policies along with their date of
approval or updating is maintained by the Bank;
6. All the powers of the Board have been duly exercised and decisions on relevant matters have been taken by the Board /
shareholders as empowered by the relevant provisions of the Companies Act, 2017 (the Act) and these Regulations;
7. The meetings of the Board were presided over by the Chairman and, in his absence, by a director elected by the
Board for this purpose. The Board has complied with the requirements of the Act and the Regulations with respect
to frequency, recording and circulating minutes of meeting of the Board;
8. The Board of Directors have a formal policy and transparent procedures for remuneration of directors in
accordance with the Act and these Regulations;

9. The Board has not arranged any directors’ training program for the year ended December 31, 2019 as all the
directors’ are already certified;
10. The Board has approved the appointment of chief financial officer, company secretary and head of internal audit,
including their remuneration and terms and conditions of employment and complied with relevant requirements of
the Regulations;
11. Chief Financial Officer and Chief Executive Officer duly endorsed the financial statements before approval of the Board;
12. The Board has formed committees comprising of members given below:
a) Board Audit & Corporate Governance Committee

Mian Muhammad Younis Chairman / Independent Director
Mr. Juma Hasan Ali Abul Member / Non-Executive Director
Mr. Ali Munir Member / Independent Director
b) Board Risk Management Committee

Mr. Imtiaz Ahmad Pervez Chairman / Non-Executive Director
Mr. Abdulelah Ebrahim Mohamed AlQasimi Member / Non-Executive Director
Mr. Abdulla Abdulaziz Ali Taleb Member / Non-Executive Director
Mr. Yousaf Hussain Member / President & CEO
c) Board Recruitment Nomination and Remuneration Committee

Abdulla Bucheery Chairman / Non-Executive Director
Mian Muhammad Younis Member / Independent Director
Mr. Fuad Azim Hashimi Member / Independent Director
Mr. Ali Munir Member / Independent Director
d) Board Strategy Committee

Mr. Farooq Rahmatullah Khan Chairman / Non-Executive Director
Abdulla Bucheery Member / Non-Executive Director
Mr. Fuad Azim Hashimi Member / Independent Director
e) Board IT Committee
Mr. Ali Munir Chairman / Independent Director
Mr. Abdulelah Ebrahim Mohamed AlQasimi Member / Non-Executive Director
Mr. Abdulla Abdulaziz Ali Taleb Member / Non-Executive Director
13. The terms of reference of the aforesaid committees have been formed, documented and advised to the committee
for compliance;
| Faysal Bank
14. The frequency of meetings (quarterly / half yearly / yearly) of the committee were as per following:
a) Board Audit & Corporate Governance Committee Quarterly Meetings

b) Board Risk Management Committee Quarterly Meetings
c) Board Recruitment Nomination and Remuneration Committee Quarterly Meetings
d) Board Strategy Committee Quarterly Meetings
e) Board IT Committee Quarterly meetings
15. The Board has set up an effective internal audit function which is considered suitably qualified and experienced for
the purpose and are conversant with the policies and procedures of the Bank;
16. The statutory auditors of the company have confirmed that they have been given a satisfactory rating under the
Quality Control Review program of the Institute of Chartered Accountants of Pakistan and registered with Audit
Oversight Board of Pakistan, that they and all their partners are in compliance with International Federation of
Accountants (IFAC) guidelines on code of ethics as adopted by the Institute of Chartered Accountants of Pakistan
and that they and the partners of the firm involved in the audit are not a close relative (spouse, parent, dependent
and non-dependent children) of the chief executive officer, chief financial officer, head of internal audit, company
secretary or director of the company;
17. The statutory auditors or the persons associated with them have not been appointed to provide other services
except in accordance with the Act, these regulations or any other regulatory requirement and the auditors have
confirmed that they have observed IFAC guidelines in this regard;
18. We confirm that all requirements of regulations 3, 6, 7, 8, 27, 32, 33 and 36 of the regulations have been complied
with; and
19.Explanation for non-compliance with requirements, other than regulations 3, 6, 7, 8, 27, 32, 33 and 36 JT below:
a) the Code requires that the chairman of the human resource and remuneration committee is to be an
independent director. The composition of the Bank’s Recruitment Nomination and Remuneration Committee
(RNRC) is in line with the Revised Guidelines on Remuneration Practices 2017 issued by the State Bank of
Pakistan which allows a non-executive director to be the Chairman in case the majority members of the
committee are independent directors. Following the guidelines majority members of RNRC are independent
directors, however, the Chairman of the RNRC is not an Independent Director.
Karachi
Dated: February 13, 2020 Farooq Rehmatullah Khan
Chairman

Report of Shariah Board
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Faysal Bank Limited has completed another year of successful operations of its Islamic Banking. During the
year, the Shariah Board (“SB”) held four meetings to review various existing and new products, policies, standard
operating procedures, transactions, agreements, processes and their Shariah-compliance. As required under
Shariah Governance Framework, the SB also met with BOD twice this year to have a detailed briefing on Shariah
compliance environment.
SB appreciates the commitment of Board of Directors and Management to transform Bank’s entire operations into
Islamic Banking as reflective in the efforts towards conversion.
Following developments were observed during the year 2019:
Conversion of Bank’s portfolio

Faysal Bank is rapidly expanding its Islamic branch network and converting its Conventional financing portfolio into
Islamic. During the year, FBL opened 100 new Islamic branches and converted 59 branches from Conventional to
Islamic banking, raising the total number of Islamic branch network to 414 branches JODMVEJOHTVCCSBODI
besides initiating 24 Islamic window operations in conventional branches to expedite the conversion process.
Likewise, around PKR 38 Bn worth of conventional financing portfolio with more than 77 customers was converted
from conventional to Islamic financing. These facilities were converted as per Shariah approved process flows based
on Islamic modes of Diminishing Musharakah, Running Musharakah, Istisna, Murabaha, Musawamah etc. Moreover,
regarding fresh booking of long-term financing, consumer financing continued to be entirely booked on Islamic modes,
whereas new Corporate, SME, Commercial financing was prioritized to be booked under Islamic modes of financing.
Product Development and Management

Under the guidance of SB, Product Development has worked for the enhancement of existing products as well as
development of new products along with their related documentation. During the year, Faysal Bank Islamic further
enriched its asset-side product menu through offering Finished goods financing product and SBP Islamic Financing
product for Renewable Energy customers. Additionally, for SME, Commercial and Corporate customers, Murabaha
variants including Finance against Imported Merchandise and Murabaha local spot with pledge were introduced.
Moreover, Islamic Staff Personal Financing product i.e. based on Tawarruq, was offered to Bank’s staff. In addition,
Faysal Bank Islamic enhanced its liability product side by launching Islamic Rehmat account for individuals and Islamic
Rehmat Business account for institutions besides introducing Faysal Islamic Tez Tareen Asaan remittance account.
Structuring of Investment Banking Transactions

SB reviewed and approved 5 Islamic syndicated transactions including Islamic commercial paper based on
Diminishing Musharakah for various purposes including capital expenditure, project finance, power generation etc.
| Faysal Bank
Shariah Compliance Department
Shariah Compliance Department (“SCD”) has a team of professionals working under the guidance of the SB to
perform its roles and responsibilities as covered in SBP’s Shariah Governance Framework including Shariah compliance
reviews, research and analysis on Shariah issues, facilitation in training and implementing SB directives etc.
During the year, SCD reviewed Corporate, SME & Commercial, Treasury departments as well as Islamic Branch
network across different regions of the #ank. Furthermore, SCD also reviewed the Pool management & Profit
distribution mechanism and calculations on monthly basis to ensure the mechanism is being followed as per the
regulatory and SB’s guidelines. In addition, SCD jointly reviewed Islamic banking windows along with Internal
Shariah Audit Unit.
Various interactive sessions were conducted with different departments to evaluate their capacity building requirements.
Furthermore, as per directives of SB, RSBM & SCD visited different regional offices and Islamic branches in Islamabad,
Lahore, Multan, Quetta, Hyderabad and Karachi, where interactive and awareness sessions were conducted with
Bank’s staff.
During the year, SCD obtained approval for over 250 customer-specific process flows which include multiple
Islamic financing structures comprising Murabaha, Istisna, Tijarah (Musawamah), Running Musharakah, Islamic
Export Re-Finance (Both Part-I & Part-II), Diminishing Musharakah etc.
Subsequently, random physical inspections were also conducted by the SCD. As per the guidance of SB to have
separate Bank-wide policies and procedures; 112 existing and new policies and standard operating procedure
were reviewed by SCD and subsequently approved by the SB.
RSBM and SCD also played a pivotal role in the capacity building of the staff wherein they facilitated through improvement
of training material as well as conduction of various training sessions at multiple locations of the country.
Shariah Audits
Internal & External Shariah Audit were undertaken as per the requirement of Shariah Governance Framework. Internal
Shariah Audit Unit (ISAU) is an integral part toward strengthening of overall Shariah Compliance environment of the Bank.
The ISAU carried out Shariah Audits during the last year for following products and segments: Corporate finance,
Trade and Business Service, SME and Commercial Branch Banking, Retail Banking, Conversion process, Financial
Control Unit and Profit distribution and Pool Management. Further, external Shariah audit was also carried out
encompassing all relevant functions of Islamic Banking.
Charity
The opening balance of the charity funds was PKR 7.07 Mn and during the year an amount of PKR 17.109 Mn was
recovered from the customers in lieu of delayed payments, as the charity funds are kept under Mudarabah based
accounts at the Bank therefore, Mudarabah profit of PKR 1.024Mn was also accordingly credited to the charity fund
account. Additionally, during the Shariah reviews & audits conducted by SCD & ISAU, an amount of PKR0.36 Mn
was credited to Charity Fund due to Shariah non-compliance issues. During this period an amount of PKR 12 Mn
was distributed to various charitable organizations with the approval of SB. Details of charity are available on note
4 of Annexure **.
Capacity building and Awareness Sessions

Trained human capital is the key to the success of Islamic Banking Industry. SB appreciate the efforts of Management
and L&D to arrange different Islamic banking training programs and awareness sessions particularly “Banking the
Islamic Way”. FBL in collaboration with CIE-Dar-ul-Uloom, Karachi conducted in-depth training programs for its

senior management. FBL conducted various Islamic finance awareness sessions for its customers, general public
and Shariah scholars across the country. During the year, L&D organized more than 120 training sessions across
the country to train the staff in Islamic banking in which approximately 6500 employees were trained under various
online and classroom training programs. RSBM, SCD and IBD teams were actively engaged with L&D to facilitate
the same. Besides in-house training programs, L&D also nominated staff for external trainings offered by
NIBAF(SBP), IBA-CEIF and Pakistan Institute of Corporate Governance.
Promotion and Marketing of Islamic banking products & services

Bank is in progress of transforming its corporate identity brand and during this period, various marketing promotional
materials including TVCs were reviewed and approved by Shariah Board. In addition, keeping in view the Bank’s
growing Islamic branch network, as well as its Islamic assets’ portfolio, the bank also increased its emphasis on
marketing of its Islamic Banking products and services.
Opinion of Shariah Board

While the Board of Directors and Executive Management are solely responsible to ensure that the operations of
Faysal Bank Limited, Islamic Banking are conducted in a manner that comply with Shariah principles at all times, we are
required to submit a report on the overall Shariah compliance environment of Faysal Bank Limited, Islamic Banking.
To form our opinion as expressed in this report, the Shariah Compliance Department of the Bank carried out
reviews, on sampling basis, of each class of transactions, the relevant documentation and process flows. Further,
we have also reviewed the reports of the internal Shariah audit and external Shariah audit.
Based on above, we are of the view that:
1. The Islamic Banking Division of the Bank by and large complied with the Shariah rules and principles in the light of
resolutions / Fatawa, rulings and guidelines issued by the SB.
2. During review, matters requiring corrective measure have been noted and were resolved by the Management or
ensured to be rectified in future. Subject to the foregoing, in our opinion the affairs of the Islamic Banking Division
have been carried out in accordance with the directives, regulations, instructions and guidelines related to Shariah
compliance issued by the SBP.
3. The Bank has a comprehensive mechanism in place to ensure Shariah compliance in their overall operations.
4. Bank has a well-defined system in place in the form of Shariah Compliance Review and Internal Shariah Audit to
ensure that the earnings realized from sources or means prohibited by Shariah are credited to charity account and
properly utilized for charitable purposes.
5. The allocation of funds, profit and loss distribution and pool management is in accordance with Shariah Rules &
Principles and Pool Management guidelines of SBP.
6. L&D unit of the Bank is actively pursuing the training and development of human capital on Islamic Banking &
Finance through various training programs to enhance the awareness of staff, Management and BOD for the
products and processes of the Bank and importance of Shariah compliance.
7. The SB has been provided with adequate resources, enabling it to discharge its duties effectively.
| Faysal Bank
Recommendations from Shariah Board
Based on the above, we recommend that:
1. The efforts of Management and other support functions toward conversion are appreciated. However, to ensure
smooth conversion process, non-convertible financing portfolio should be identified and exit strategy should be
devised for the purpose.
2. Although pool management and profit distribution has been automated to a certain extent, the system needs to be
upgraded further.
3. Efforts should be enhanced towards the conversion of SME and Agriculture finance.
4. The bank should develop an effective mechanism for its staff to acquire and retain Islamic banking trainings besides
increasing its efforts for spreading awareness through customized training programs / seminars for customers and
general public on Islamic Banking.
And Allah Subhanahu-wa-Taa’la knows the Best
Mufti Muhammad Abdullah Dr. Mufti Khalil Ahmad Aazami Mufti Muhammad
Resident Shariah Board Member Shariah Board Member Mohib ul Haq Siddiqui
Chairman Shariah Board
Dated: January 27, 2020 | 01 Jamadi us Sani, 1441 A.H.

Statement on Internal Controls
This statement is presented to comply with the instructions of the State Bank of Pakistan (SBP) issued vide BSD
Circular No. 07 dated May 27, 2004 “Guidelines on Internal Controls” and OSED Circular No. 01 of 2014 dated
February 07, 2014 “Instructions on Internal Controls over Financial Reporting (ICFR)”.
The Management of Faysal Bank Limited is responsible for establishing and maintaining adequate and effective
internal control system in the Bank.
The management of the Bank fully recognizes this responsibility, appreciates its value and significance; therefore,
has designed the Bank’s Internal Control Program to provide reasonable assurance on the reliability of financial
reporting, effectiveness of the operations and compliance with applicable laws and regulations. Although, the Internal
Controls Program is effectively implemented and monitored, there are inherent limitations in the effectiveness of any
system, including the possibility of human error or system failure, circumvention and overriding of controls. Accordingly,
even an effective internal control system can provide reasonable but not absolute assurance that the system’s
objective will be achieved.
Accordingly, policies and procedures encompassing various business and operational areas are in place, updated
and communicated across all pertinent levels of the organization. The policies are approved by the Board of Directors
and the procedures are approved by the Senior Management. The Bank’s internal audit function keep monitoring
of compliance with these policies and procedures and regularly apprises the management and the Board on the
same through Board’s Audit and Corporate Governance Committee.
The management of the Bank has instituted an Internal Control and Monitoring Unit (ICMU) for the conduct of
on-site and off-site reviews of the processes in head office as well as in the branches. ICMU monitors and identifies
gaps in the day to day operations and ensures prompt corrective actions. Further the ICMU ensure compliance of
policies approved by the Board of Directors and the procedures as approved by the senior management and
implements sound control procedures to maintain a suitable control environment.
The management takes remedial measures to address weaknesses identified by ICMU, internal and external auditors.
These remedial measures, which include improvements in internal controls to ensure non recurrence of those
exceptions and are monitored by the Compliance Committee.
Additionally, the Bank has completed all stages of the ICFR roadmap, issued vide BSD Circular No. 05 dated
February 24, 2009 of the State Bank of Pakistan (SBP). The Bank has adopted the “COSO Internal Control Integrated
Framework” in relation to its internal control program in order to ensure consistency in the process of compliance
with SBP’s Internal Control Guidelines involving documentation, risk assessment, gap analysis, controls testing and
controls implementation. In the year 2017 State Bank of Pakistan granted exemption for submission of Long form
Report through external auditors. Furthermore, as per the instructions of State Bank of Pakistan on the subject,
Audit Committee of the Board will submit the annual assessment report on efficacy of the ICFR to OSED for the
year ended December 31, 2019 within regulatory timeline.
| Faysal Bank
The management is confident that through adoption of these measures, the Bank’s internal control environment is
maintained at a satisfactory level.
The Board of Directors endorses the above stated management’s evaluation of internal controls and ICFR program.
Yousaf Hussain
President & CEO
Karachi
Dated: 'FCSVBSZ

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JTCBTFEPOQSFEFGJOFECBTJTBOEBDDPVOUJOHQSJODJQMFT
TUBOEBSET 5IF EJSFDU FYQFOTFT BSF DIBSHFE UP SFTQFDUJWF QPPM 5IF JOEJSFDU FYQFOTFT JODMVEJOH UIF FTUBCMJTINFOU
DPTUBSFCPSOFCZ(SPVQ*TMBNJDBT.VEBSJC5IFEJSFDUFYQFOTFTDIBSHFEUPUIFQPPMJODMVEFEFQSFDJBUJPOPG*KBSBI
BTTFUT DPTUPGTBMFTPGJOWFOUPSJFT JOTVSBODFUBLBGVMFYQFOTFTPGQPPMBTTFUT TUBNQGFF EPDVNFOUBUJPODIBSHFT
CSPLFSBHFGFFGPSUIFQVSDIBTFPGTFDVSJUJFTDPNNPEJUJFT JNQBJSNFOUMPTTFTEVFUPQIZTJDBMEBNBHFTUPTQFDJGJD
BTTFUTJOQPPMTFUD1SPWJTJPOTBHBJOTUBOZOPOQFSGPSNJOHBTTFUTPGUIFQPPMBSFOPUQBTTFEPOUPUIFQPPMFYDFQUPO
UIFBDUVBMMPTTXSJUFPGGPGTVDIOPOQFSGPSNJOHBTTFUBOETVTQFOTJPOPGJODPNFBHBJOTUOPOQFSGPSNJOHBTTFUT5IF
QSPGJU PG UIF QPPM JT TIBSFE CFUXFFO UIF NFNCFST PG UIF QPPM PO QSFEFGJOFE NFDIBOJTN CBTFE PO UIF XFJHIUBHFT
BOOPVODFECFGPSFUIFQSPGJUDBMDVMBUJPOQFSJPE

3DUWLFXODUV
5XSHHV
3HUFHQW 5XSHHV
3HUFHQW
.VEBSJCTIBSFBNPVOUBOEQFSDFOUBHFPGEJTUSJCVUBCMFJODPNF
"NPVOUBOEQFSDFOUBHFPG.VEBSJCTIBSFUSBOTGFSSFE
UPEFQPTJUPSTUISPVHI)JCB
1SPGJUSBUFFBSOFE BOOVBMJTFE

1SPGJUSBUFEJTUSJCVUFE BOOVBMJTFE

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*VUZ\TLY.YPL]HUJLZ/HUKSPUN4LJOHUPZT
*\Z[VTLYTHRLZHJVTWSHPU[HNHPUZ[[OL)HURHUK[OLZHTLPZSVKNLKPUZ`Z[LT]PHMVSSV^PUNJOHUULSZ!
*HSS*LU[YL
)YHUJO
,THPS
>LIZP[L
:VJPHS4LKPH
-H_
3L[[LY
(SS[OLJ\Z[VTLYJVTWSHPU[ZHYLHJRUV^SLKNLK[V[OLJ\Z[VTLYZHZWLY[OLYLX\PYLTLU[
0UP[PHSPU]LZ[PNH[PVUVM[OLJVTWSHPU[PZILPUNJVUK\J[LKI`[OL*VTWSHPU[4HUHNLTLU[<UP[*4<VM[OL)HUR[OL
ZHTLPZ[OLUMVY^HYKLK[V[OLYLSL]HU[KLWHY[TLU[MVYMLLKIHJR
0UJHZLYLZVS\[PVUJSVZ\YLVMJVTWSHPU[YLX\PYLZTVYL[PTLJVTWSHPUHU[PZPUMVYTLK[OYV\NOHUPU[LYPTYLWS`
9LZVS\[PVUVM[OLJVTWSHPU[PZNP]LU[V[OLJ\Z[VTLYWVZ[JVTWSL[PVUVMPU]LZ[PNH[PVU
0UZ\JOJHZLÔLYLJVTWSHPU[PZKLJSPULI`[OL)HURJVTWSHPUHU[PZILPUNLUJV\YHNLK]PHYLZVS\[PVUSL[[LY[V
JVU[HJ[V[OLYHS[LYUH[P]LNYPL]HUJLYLKYLZZHSMVY\TÔPJOPZ)HURPUN4VO[HZPI7HRPZ[HU
;OLTV[VVM[OLJVTWSPHU[THUHNLTLU[WYVJLZZPZ[VLUZ\YL[OH[HJVTWSHPU[PZYLZVS]LKHTPJHIS`^P[OJ\Z[VTLY»Z
RUV^SLKNL\UKLYZ[HUKPUN" JVTWSHPU[ YLZVS\[PVU ZOV\SK UV[ SLHK [V HU` ZJLUHYPV ÔLYL J\Z[VTLY L_P[Z OPZOLY
YLSH[PVUZOPW^P[O[OLIHUR0UVYKLY[VHJOPL]L[OL]PZPVU[OLIHURZ[YP]LZ[VZ[YLUN[OLUP[Z[PLZ^P[O[OLJ\Z[VTLYZ
HUKMVY[OH[TH[[LY[OLIHURMVJ\ZLZVUJVU[PU\V\ZWYVJLZZPTWYV]LTLU[
)LSV^HYL[OLRL`PUP[PH[P]LZ[HRLUI`[OL*VTWSHPU[4HUHNLTLU[<UP[+LWHY[TLU[PU[OL@LHY !
:LUKHUHJRUV^SLKNLTLU[LTHPSH\[VTH[PJHSS`[V[OLJVTWSHPUHU[\WVUYLJLPW[VMOPZLTHPS[VHWWYPZLOPT[OH[[OL
YLWVY[LKPZZ\LOHZILLUYLJLP]LKI`[OLIHUR"PYYLZWLJ[P]LVM)HUR/VSPKH`ZUVUIHURPUNOV\YZ
0U[PTH[PVUVMJVTWSHPU[JSVZ\YL[VJVTWSHPUHU[Z]PH:4:ÔLYLTVIPSLU\TILYPZH]HPSHISLVYWYV]PKLKH[[OL[PTL
VMYLNPZ[LYPUN[OLPYJVTWSHPU[
6WLUHS[LYUH[LJOHUULSZMVYLUHISPUNJ\Z[VTLYZ[VSVKNL[OLPYJVTWSHPU[Z^P[OLHZL¶LN;^P[[LY0UZ[HNYHT
0U[LYUL[)HURPUN-H`ZHS+PNP)HUR(WWSPJH[PVUVUWSH`Z[VYLJVTTLU[ZVUHWWSPJHISLWHNL
*VUZPKLYPUN[OLJVTTLUKHISLLMMVY[ZVM[OL\UP[P[PZ^VY[OTLU[PVUPUNOLYL[OH[[V[HSU\TILYVMJVTWSHPU[ZYLJLP]LK
I`[OLIHURPU[OL`LHY ^LYLHUK[OLH]LYHNL[PTL[HRLU[VYLZVS]L[OLT^HZ^VYRPUNKH`Z
Annual Report 2019 c

Combined Pattern of CDC
& Physical Shareholding
(ZVU+LJLTILY
*H[LNVY` *H[LNVYPLZVM:OHYLOVSKLYZ *H[LNVY` 5\TILYVM *H[LNVY`>PZL 7LYJLU[HNL
5V >PZL5VVM :OHYLZ/LSK 5\TILYVM
:OHYLOVSKLYZ :OHYLZ/LSK
(ZZVJPH[LK*VTWHUPLZ\UKLY[HRPUNZ
HUK9LSH[LK7HY[PLZ
0[OTHHY)HUR):*

-HPZHS-PUHUJL3\_LTIV\YN:(

4-(01LYZL`3PTP[LK

4-(01LYZL`3PTP[LK

+401LYZL`3PTP[LK

:[H[L3PML0UZ\YHUJL*VYWVYH[PVUVM7HRPZ[HU
4\[\HS-\UKZ
*+*;Y\Z[LL4*)7HRPZ[HU:[VJR4HYRL[-\UK
4*)-:3;Y\Z[LL1:=HS\L-\UK
*+*;Y\Z[LL70*0*0U]LZ[TLU[-\UK
*+*;Y\Z[LL1:3HYNL*(7-\UK
*+*;Y\Z[LL70*0*.YV^[O-\UK
*+*;Y\Z[LL([SHZ:[VJR4HYRL[-\UK
*+*;Y\Z[LL(SMHSHO./7=HS\L-\UK
*+*;Y\Z[LL(2+0UKL_;YHJRLY-\UK
*+*;Y\Z[LL<)3:[VJR(K]HU[HNL-\UK
*+*;Y\Z[LL5)7:[VJR-\UK
*+*;Y\Z[LL5)7)HSHUJLK-\UK
*+*;Y\Z[LL(ZRHYP(ZZL[(SSVJH[PVU-\UK
*+*;Y\Z[LL(7-LX\P[`:\I-\UK
*+*;Y\Z[LL/)34\S[P(ZZL[-\UK
*+*;Y\Z[LL4*)7HRPZ[HU(ZZL[(SSVJH[PVU-\UK
*+*;Y\Z[LL(SMHSHO./7:[VJR-\UK
*+*;Y\Z[LL(SMHSHO./7(SWOH-\UK
*+*;Y\Z[LL50;LX\P[`4HYRL[6WWVY[\UP[`-\UK
*+*;Y\Z[LL()3:[VJR-\UK
*+*;Y\Z[LL-PYZ[/HIPI:[VJR-\UK
*+*;Y\Z[LL5)7:HYTH`H0aHMH-\UK
*+*;Y\Z[LL/)3,X\P[`-\UK
c Faysal Bank

*H[LNVY` *H[LNVYPLZVM:OHYLOVSKLYZ *H[LNVY` 5\TILYVM *H[LNVY`>PZL 7LYJLU[HNL
5V >PZL5VVM :OHYLZ/LSK 5\TILYVM
:OHYLOVSKLYZ :OHYLZ/LSK
4*)-:3;Y\Z[LL7(26THU(K]HU[HNL
(ZZL[(SSVJH[PVU-\UK
*+*;Y\Z[LL<)3(ZZL[(SSVJH[PVU-\UK
*+*;Y\Z[LL-PYZ[*HWP[HS4\[\HS-\UK
*+*;Y\Z[LL<)39L[PYLTLU[:H]PUNZ
-<5+,X\P[`:\I-\UK
*+*;Y\Z[LL5H[PVUHS0U]LZ[TLU[<UP[;Y\Z[
*+*;Y\Z[LL(>;(ZZL[(SSVJH[PVU-\UK
*+*;Y\Z[LL(.7-,X\P[`:\IM\UK
*+*;Y\Z[LL5)7-PUHUJPHS:LJ[VY-\UK
*+*;Y\Z[LL(SMHSHO*HWP[HS
7YLZLY]H[PVU-\UK00
*+*;Y\Z[LL<)3+LKPJH[LK,X\P[`-\UK
+PYLJ[VYZHUK[OLPY:WV\ZLZHUK4PUVY*OPSKYLU
-HYVVX9HOTH[\SSHO2OHU
(OTLK(IK\SYHOPT4VOHTLK(IK\SSH)\JOLLY`
4PHU4\OHTTHK@V\UPZ
1\TH/HZHU(SP(I\S
0T[PHa(OTHK7LY]La
(IK\SLSHO,IYHOPT4VOHTLK(S8HZPTP
(IK\SSH(IK\SHaPa(SP;HSLI
(SP4\UPY
-\HK(aPT/HZOPTP
,_LJ\[P]LZ

7\ISPJ:LJ[VY*VTWHUPLZHUK*VYWVYH[PVUZ
)HURZ+L]LSVWTLU[-PUHUJL0UZ[P[\[PVUZ
5VU)HURPUN-PUHUJL*VTWHUPLZ
0UZ\YHUJL*VTWHUPLZ;HRHM\S4VKHYHIHZ
HUK7LUZPVU-\UKZ
-VYLPNU0U]LZ[VYZ
.LULYHS7\ISPJ
6[OLYZ
;V[HS
;V[HS7HPK\W*HWP[HS :OHYLZ

VM[OL7HPK\W*HWP[HS :OHYLZ

(ZVU+LJLTILY
:5V :OHYLOVSKLYZ/VSKPUNVYTVYL 5VVM 7LYJLU[HNL
]V[PUNYPNO[ZPU[OLSPZ[LKJVTWHU` :OHYLZ/LSK
0[OTHHY)HUR):*

-HPZHS-PUHUJL3\_LTIV\YN:(

4-(01LYZL`3PTP[LK

:[H[L3PML0UZ\YHUJL*VYWVYH[PVUVM7HRPZ[HU
;OLZLYLWYLZLU[ZOHYLZPUYLZWLJ[VM^P[OOVSKPUN[H_VUIVU\ZZOHYLZPZZ\LKI`[OL)HUR;OLZLZOHYLZOH]LUV[ILLU
YLSLHZLKI`[OL)HUR[V[OL.V]LYUTLU[;YLHZ\YÌHZLKVU7L[P[PVUMPSLK^P[O/VUVYHISL/PNO*V\Y[VM:PUKO
c Faysal Bank

Combined Pattern of CDC
& Physical Shareholding
(ZVU+LJLTILY
*H[LNVY` *H[LNVYPLZVM:OHYLOVSKLYZ 5VVM 5VVM 7LYJLU[HNL
5V :OHYLOVSKLYZ :OHYLZ/LSK
(ZZVJPH[LK*VTWHUPLZ\UKLY[HRPUNZHUK9LSH[LK7HY[PLZ
4\[\HS-\UKZ
+PYLJ[VYZHUK[OLPYZWV\ZLZHUKTPUVY*OPSKYLU
,_LJ\[P]LZ
7\ISPJ:LJ[VY*VTWHUPLZHUK*VYWVYH[PVUZ
)HURZ+L]LSVWTLU[-PUHUJL0UZ[P[\[PVUZ
5VU)HURPUN-PUHUJL*VTWHUPLZ
0UZ\YHUJL*VTWHUPLZ;HRHM\S4VKHYHIHZ
HUK7LUZPVU-\UKZ
-VYLPNU0U]LZ[VYZ
.LULYHS7\ISPJ
6[OLYZ
;V[HS

Pattern of Shareholding
(ZVU+LJLTILY
5\TILYVM :OHYLOVSKPUN:SHI ;V[HS 5\TILYVM :OHYLOVSKPUN:SHI ;V[HS
:OHYLOVSKLYZ -YVT ;V :OHYLZ/LSK :OHYLOVSKLYZ -YVT ;V :OHYLZ/LSK

c Faysal Bank




c Faysal Bank

Branch Network - Conventional
: )YHUJO 9LNPVU )YHUJO5HTL *P[` *VU[HJ[ )YHUJO(KKYLZZ
5V *VKL
*LU[YHS0 +HZRH +HZRH 7SV[5V 4\ZSPT4HYRL[.\QYHU^HSH+HZRH
*LU[YHS0 .\QYHU^HSH .\QYHU^HSH .[9VHK4HPU)YHUJOAPH7SHaH.\QYHU^HSH
*LU[YHS0 .\QYH[ .\QYH[ 5VISL-\YUP[\YL7SHaH.;9VHK.\QYH[
*LU[YHS0 (SSHTH0XIHS;VÛ 3HOVYL /\UaH)SVJR4HPU9VHK(SSHTH0XIHS;VÛ3HOVYL

*LU[YHS0 )HKHTP)HNO 3HOVYL *PYJ\SHY9VHK)HKHTP)HNO3HOVYL
*LU[YHS0 )PSHS.\UQ 3HOVYL :OHOQLOHU9VHK)PSHS.\UQ3HOVYL
*LU[YHS0 )YHUKYL[O9VHK 3HOVYL )YHUKYL[O9VHK6SK5PZO[LY9VHK3HOVYL
*LU[YHS0 *H]HSY`.YV\UK 3HOVYL /HYVVU7SHaH*H]HSY`.YV\UK3HOVYL
*LU[YHS0 *OV\I\YQP 3HOVYL *OVI\YQP*OV^R3HOVYL

*LU[YHS0 *PYJ\SHY9VHK 3HOVYL )HIHY*LU[LY*PYJ\SHY9VHK3HOVYL
*LU[YHS0 *4/*OV^R 3HOVYL +H`)\PSKPUN*TO*OV^R:HY^HY9VHK

3HOVYL*HU[[
*LU[YHS0 +HYVNOH^HSH 3HOVYL *4VYL:HSHTH[7\YH4HPU.;9VHK+HYVNOH^SH3HOVYL
*LU[YHS0 +/(/)SVJR 3HOVYL )SVJR/*VTTLYJPHS(YLH7OHZL0+OH3HOVYL*HU[[
*LU[YHS0 +/()SVJRA 3HOVYL A)SVJR7OHZL0PP+OH3HOVYL7HRPZ[HU

5V *VKL
c Faysal Bank

*LU[YHS0 +/(7OHZL= 3HOVYL 7SV[5V*VTTLYJPHS(YLH:LJ[VY**(7OHZL=
+OH3HOVYL
*LU[YHS0 ,NLY[VU9VHK 3HOVYL 7YVWLY[`5V:L9,NLY[VU9VHK3HOVYL

*LU[YHS0 ,4,:VJPL[` 3HOVYL +*VTTLYJPHS(YLH,TL:VJPL[`+OH4\S[HU

9VHK3HOVYL
*LU[YHS0 -HPZHS;VÛ0 3HOVYL *4HPU)V\SL]HYK-HPZHS;VÛ3HOVYL
*LU[YHS0 -Y\P[4HYRL[ 3HOVYL -HYVVX*LU[YL-Y\P[4HYRL[:JOLTL9H]P3PUR

9VHK3HOVYL
*LU[YHS0 .OHaP*OV^R 3HOVYL ((^HPZPH*VVWLYH[P]L/V\ZPUN:VJPL[`.OHaP*OV^R

3PUR*VSSLNL9VHK;VÛZOPW3HOVYL
*LU[YHS0 .\SILYN 3HOVYL ).\SILYN0PP3HOVYL

0UK\Z[YPHS(YLH
*LU[YHS0 .\SZOHUL9H]P 3HOVYL )*P]PJ*LU[LY.\SZOHU,9H]P3HOVYL

°
*LU[YHS0 0JOYH 3HOVYL -LYVaW\Y9VHK0JOYH3HOVYL
*LU[YHS0 1VOHY;VÛ3HOVYL 3HOVYL .01VOHY;VÛ3HOVYL

*LU[YHS0 2HYPT)SVJR 3HOVYL )*2HYPT)SVJR(SSHTH0XIHS;VÛ3HOVYL

*LU[YHS0 3PILY[` 3HOVYL ,0PP:HLLK(SHT;V^LY3PILY[`

4HYRL[.\SILYN0PP3HOVYL
5V *VKL
*LU[YHS0 4HPU)V\SL]HYK 3HOVYL )4HPU)V\SL]HYK.\SILYN0PP3HOVYL

.\SILYN
*LU[YHS0 4H\SHUH:OH\RH[ 3HOVYL 7SV[5V)SVJR,4\OHTTHK(SP1VOHY;VÛ(KQHJLU[

(SP9VHK3HOVYL (KQHJLU[[V0OZHU4\T[Ha/VZWP[HS6WW;V9H]P
9LZ[H\YHU[3HOVYL
*LU[YHS0 4JSLVK9VHK 3HOVYL <ZTHU7SHaH6WWVZP[L!3HOVYL/V[LS4JSLVK9VHK3HOVYL
*LU[YHS0 4VKLS;VÛ 3HOVYL *-H`ZHS)HUR)HUR:X\HYL4VKLS;VÛ3HOVYL
*LU[YHS0 4\NOHSW\YH 3HOVYL 1HOHUNPY9VHK3HS7\S5LHY(MJ4\NOHSW\YH3HOVYL
*LU[YHS0 5L^.HYKLU;VÛ 3HOVYL (^HTP*VTWSL_<ZTHU)SVJR5V5L^.HYKLU;VÛ3HOVYL

*LU[YHS0 5PSH.\TI\K 3HOVYL ;OL4HSS)HUR:X\HYL3HOVYL
*LU[YHS0 70(:VJPL[` 3HOVYL )\PSKPUN7SV[°)SVJR5V,7PH/V\ZPUN:VJPL[`9VHK

5LHY)MJ3HOVYL
*LU[YHS0 :OHKIHNO 3HOVYL ;HQW\YH*OV^R5LHY7[JS,_JOHUNL4PZYP:OHO:OHKIHNO3HOVYL
*LU[YHS0 :OHKTHU 3HOVYL (:OHKTHU1HPS9VHK3HOVYL
*LU[YHS0 :OHOKHYH 3HOVYL .;9VHK:OHOKHYH3HOVYL
*LU[YHS0 :OHSPTHY.HYKLU 3HOVYL )PSHS4HYRL[*OV^R:OHSPTHY)HNO.;9VHK)HNOIHUW\YH3HOVYL
*LU[YHS0 ;OL4HSS 3HOVYL :OHOYHO,8\HPK,(aHT3HOVYL
*LU[YHS0 ;OVRHY5PHa)HPN 3HOVYL 1HTHS4HYRL[(SP;VÛ6WW3HOVYL<UP]LYZP[`;OVRHY5PHa

)HPN9HP^HUK9VHK

5V *VKL
c Faysal Bank

*LU[YHS0 ;\MHPS9VHK 3HOVYL .HYYPZVU6MMPJLYZ4LZZ;\MHPS9VHK3HOVYL*HU[[
*LU[YHS0 <WWLY4HSS 3HOVYL <WWLY4HSS:OHOYHO,8\HPK,(aHT3HOVYL

*LU[YHS0 <YK\)HaHY 3HOVYL :9(*H[[SL:[YLL[*PYJ\SHY9VHK<YK\)HaHY3HOVYL
*LU[YHS0 =HSHUJPH:VJPL[` 3HOVYL (*VTTLYJPHSAVUL=HSHUJPH:VJPL[`3HOVYL
*LU[YHS0 *HU[[:PHSRV[ :PHSRV[ ((aPa:OHOLLK9VHK:PHSRV[*HU[[
*LU[YHS0 :PHSRV[4HPU :PHSRV[ 7SV[5V): )7HYPZ9VHK6WW*J 0:PHSRV[
*LU[YHS00 (OTLK7\Y,HZ[ (OTLK +LYH5H^HI9VHK(KQHJLU[*P]PS/VZWP[HS(OTLK7\Y,HZ[

7\Y,HZ[
*LU[YHS00 (YPM^HSH (YPM^HSH +;OHUH)HaHY(YPM^HSH
*LU[YHS00 9LOTHU:VJPL[` )HOH^HSW\Y 9LOTHU:VJPL[`5VVY4HOHS9VHK)HOH^HSW\Y

)HOH^HSW\Y
*LU[YHS00 )\YL^HSH )\YL^HSH *4\S[HU9VHK)\YL^HSH+PZ[YPJ[=LOHYP
*LU[YHS00 *OLZO[PHU *OLZO[PHU ))SVJR4HPU)HaHY*OLZO[PHU
*LU[YHS00 *OPJOH^H[UP *OPJOH^H[UP .;9VHK*OPJOH^H[UP
*LU[YHS00 +LYH.OHaP2OHU +LYH.OHaP )SVJR/VZWP[HS*OV^R7HRPZ[HU7SHaH+LYH.OHaP2OHU

2OHU
*LU[YHS00 *P]PS3PUL4HPU -HPZHSHIHK )PSHS9VHK*P]PS3PULZ-HPZHSHIHK

-HPZHSHIHK
5V *VKL
*LU[YHS00 *SVJR;V^LY-HPZHSHIHK -HPZHSHIHK 7SV[5V(*SVJR;V^LY-HPZHSHIHK
*LU[YHS00 -HJ[VY`(YLH -HPZHSHIHK -HJ[VY`(YLH;H[H4HYRL[-HPZHSHIHK
*LU[YHS00 .4(IHK-HPZHSHIHK -HPZHSHIHK )<ZTHU7SHaH:HKHY)HaHY.T(IHK-HPZHSHIHK

*LU[YHS00 4HKPUH;VÛ -HPZHSHIHK 4HKPUH;VÛ)YHUJO-HPZHSHIHK

-HPZHSHIHK
*LU[YHS00 :HTHUHIHK-HPZHSHIHK -HPZHSHIHK (:HTHUHIHK0UK\Z[YPHS3HIVY*VSVU`-HPZHSHIHK
*LU[YHS00 :H[`HUH9VHK -HPZHSHIHK 7SV[5V+NT)SVJR)H[HSH*VSVU`

-HPZHSHIHK :H[`HUH9VHK-HPZHSHIHK
*LU[YHS00 /HYVVUHIHK /HYVVUHIHK *.YHPU4HYRL[/HYVVUHIHK+PZ[[)HOH^HSUHNLY
*LU[YHS00 2OHUL^HS 2OHUL^HS 7SV[5V)SVJR:PY:`LK

9VHK2OHUL^HS
*LU[YHS00 )VZHU9VHK 4\S[HU (6MMPJLYZ*VSVU`)VZHU9VHK4\S[HU
*LU[YHS00 *HU[[4\S[HU 4\S[HU +(aPa:OHOLLK9VHK4\S[HU*HU[[
*LU[YHS00 .\SZOHU4HYRL[ 4\S[HU @)SVJR.\SZOHU4HYRL[

5L^4\S[HU4\S[HU
*LU[YHS00 6SK)HOH^HSW\Y9VHK 4\S[HU 6SK)HOH^HSW\Y9VHK4\S[HU

*LU[YHS00 6RHYH 6RHYH 4(1PUUHO9VHK6RHYH
*LU[YHS00 7HRWH[[HU 7HRWH[[HU *VSSLNL9VHK7HRWH[[HU

5V *VKL
c Faysal Bank

*LU[YHS00 7H[[VRP 7H[[VRP (SSHTH0XIHS9VHK7H[VRP
*LU[YHS00 9HI^HO 9HI^HO 7SV[

.VS)HaHY+HY\S:HKKHY*OLUHI5HNHY9HI^HO
*OLUHI5HNHY
*LU[YHS00 9HOPT@HY2OHU 9HOPT@HY ;VÛ/HSS6WW*P[`7HYR9HOPT@HY2OHU

2OHU
*LU[YHS00 9LUHSH2O\YK 9LUHSH2O\YK (3.\SZOHU0ZOHX*VSVU`>LSJVTL9VHK9LUHSH2O\YK
*LU[YHS00 :HKPXHIHK :HKPXHIHK 7YVWLY[`2OH[H5V2OH[VUP5V:P[\H[LK([4HPU

>H[LY:\WWS`9VHK4V\aH4HOHS4HUKP:HKPXHIHK
*LU[YHS00 :HOP^HS :HOP^HS :HY^HY:OHOLLK9VHK:HOP^HS
*LU[YHS00 =LOHYP =LOHYP (2HYROHUH)HaHY=LOHYP
5VY[O .\QHY2OHU .\QHY2OHU )0PP+>HYK

.;9VHK.\QHY2OHU
5VY[O )S\L(YLH 0ZSHTHIHK >LZ[1PUUHO(]LU\L)S\L

(YLH0ZSHTHIHK
5VY[O -4HYRHa 0ZSHTHIHK 7SV[-4HYRHa0ZSHTHIHK

0ZSHTHIHK
5VY[O -000ZSHTHIHK 0ZSHTHIHK 7SV[5V5-4HYRHa0ZSHTHIHK
5VY[O -4HYRHa0ZSHTHIHK 0ZSHTHIHK 5W[)\PSKPUN4HYRHa-0ZSHTHIHK
5VY[O 04HYRHa0ZSHTHIHK 0ZSHTHIHK .4VUH^^HY7SHaH*4HYRHa00ZSHTHIHK
5VY[O 0ZSHTHIHK)S\L(YLH00 0ZSHTHIHK >9VZOHU*LU[LY1PUUHO(]LU\L)S\L(YLH0ZSHTHIHK

9VZOLU*LU[LY
5V *VKL
5VY[O 1OLS\T 1OLS\T 2VO,5VVY)HUR:X\HYL6SK.;9VHK1OLS\T*HU[[
5VY[O 4HUKP 4HUKP 9HPS^H`9VHK4HUKP)HOH\KKPU

)HO\KKPU )HO\KKPU
5VY[O 4PYW\Y(12 4PYW\Y 6WWVZP[L8\HPK,(aHT:[HKP\T4PHU4POHTTHK9VHK4PYW\Y

(aHK2HZOTPY (aHK2HZOTPY
5VY[O -HROYL(SHT 7LZOH^HY -HROY,(SHT9VHK*HU[[7LZOH^HY

7LZOH^HY
5VY[O 7LZOH^HY 7LZOH^HY .YV\UK-SVVY>LZ[LYU*VYULY(JHKLTPJ)SVJR0P<UP]LYZP[`

<UP]LYZP[`*HTW 6M7LZOH^HY7LZOH^HY
5VY[O *P]PS3PULZ 9H^HSWPUKP *S(*P]PS3PULZ4LV9VHK9H^HSWPUKP

5VY[O .\SYHPa 9H^HSWPUKP 7SV[5V.\SYHPa:JOLTL0P9H^HSWPUKP

5VY[O /HPKLY9VHK 9H^HSWPUKP /HPKLY9VHK9H^HSWPUKP*HU[[9H^HSWPUKP
5VY[O :H[LSSP[L;VÛ 9H^HSWPUKP ;O9VHK*P[`:OVWWPUN*LU[YL*VTTLYJPHS4HYRL[:H[LSSP[L

;VÛ9H^HSWPUKP
5VY[O >LZ[YPKNL 9H^HSWPUKP 7LZOH^HY9VHK>LZ[YPKNL9](YJHKL9H^HSWPUKP
5VY[O <UP]LYZP[`9VHK :HYNVKOH 2OL^H[5V2OHZYH5V

:HYNVKOH *OHR5V(SHM:O\THSP*S\I*OV^R<UP]LYZP[`
9VHK:HYNVKOH
:V\[O .OV[RP .OV[RP .YV\UK-SVVY*P[`:\Y]L`5V >HYK):P[\H[LK([+L]YP

:HOHI9VHK.OV[RP

5V *VKL
c Faysal Bank

:V\[O :HKKHY/`KLYHIHK /`KLYHIHK 7SV[5V 4HPU)VOYH)HaHY:HKKHY/`KLYHIHK
:V\[O 2HUKORV[ 2HUKORV[ 7SV[5V4HPU)HaHY:OHO(IK\S3H[PM9VHK5LHY7VSPJL

:[H[PVU°2HUKORV[
:V\[O (IK\SSHO/HYVVU 2HYHJOP (IK\SSHO/HYVVU9VHK2HYHJOP
:V\[O (7>(*VTWSL_ 2HYHJOP :OVW5V:VH.YV\UK-SVVY(W^H*VTWSL_7SV[5V

.HYKLU (J.HYKLU9VHK2HYHJOP
:V\[O )\ROHYP*VTTLYJPHS 2HYHJOP .YV\UK)HZLTLU[(UK-PYZ[-SVVY *)\ROHYP*VTTLYJPHS

3HUL5V7OHZL=P+OH2HYHJOP
:V\[O *SPM[VU*LU[YL 2HYHJOP 7SV[5V+J())SVJR*SPM[VU*LU[YL

2LORHZOHU2HYHJOP
:V\[O *SV[O4HYRL[2HYHOP 2HYHJOP )Y)HUKLY8\HY[LYZ5L^5LOHT9VHK2OHYHKHY2HYHJOP

:V\[O +LMLUJL 2HYHJOP *3HUL:OHOIHa*VTTLYJPHS7OHZL=P+OH2HYHJOP

:V\[O +LUZV/HSS 2HYHJOP 7SV[5V :\Y]L`:OLL[5V>V>HKOVTHS6KKOHYHT

8\HY[LYZ4(1PUUHO9VHK:HKKHY;VÛ2HYHJOP
:V\[O +/(7OHZL=000 2HYHJOP *(S4\Y[HaH*VTTLYJPHS3HUL5V+OH7OHZL=PPP2HYHJOP
:V\[O ,SLJ[YVUPJ4HYRL[ 2HYHJOP :OVW5V/HZOTP,SLJ[YVUPJZ*LU[YL(IK\SSHO/HYVVU

9VHK:HKKHY2HYHJOP
:V\[O -)(YLH00 2HYHJOP 7SV[5V:[()SVJR:JOLTL-LKLYHS)(YLH

(KQHJLU[)HUR(S/HIPI2HYHJOP
5V *VKL
:V\[O -LKLYHS)(YLH 2HYHJOP *)SVJR-LKLYHS)(YLH2HYHJOP

:V\[O .YLLU)LS[9LZPKLUJ` 2HYHJOP .YLLU)LS[9LZPKLUJ`:OVW5V7SV[5V*VTTLYJPHS

)SVJR2KH:JOLTL2LORHZOHU*SPM[VU2HYHJOP
:V\[O .\SZOHU 2HYHJOP :I)SVJR*4HPU<UP]LYZP[`9VHK.\SZOHU,0XIHS2HYHJOP

:V\[O .\SZOHU)SVJR 2HYHJOP ()SVJR2+(:JOLTL.\SZOHU,0XIHS2HYHJOP

:V\[O .\SZOHUL0XIHS 2HYHJOP ))SVJR(4HPU<UP]LYZP[`9VHK.\SZOHU,0XIHS2HYHJOP
:V\[O 00*O\UKYPNHY9VHK0 2HYHJOP ;YHKL*LU[YL00*O\UKYPNHYO9VHK2HYHJOP
:V\[O 00*O\UKYPNHY00 2HYHJOP 5HKPY/V\ZL00*O\UKYPNHY9VHK2HYHJOP
:V\[O 1VKPH)HaHY0 2HYHJOP .7SV[5V4Y0ZTHPS;YHKL*LU[YL9HT)OHY[P

:[YLL[2HYHJOP

:V\[O 1VKPH)HaHY00 2HYHJOP 5W4VOHTTHK:OHO:[YLL[2HYHJOP
:V\[O 2HYHJOP4HPU 2HYHJOP -H`ZHS/V\ZL:[4HPU:OHOYH,-HPZHS2HYHJOP

:V\[O 2OHSPK)PU>HSLLK 2HYHJOP 7SV[5V ))SVJR7,*/:2HYHJOP

9VHK

5V *VKL
c Faysal Bank

:V\[O 2OH`HIHUL;HUaLLT 2HYHJOP 7SV[5V*+57OHZL=2OH`HIHU,;HUaLLT+OH2HYHJOP

:V\[O 2VYHUNP0UK\Z[YPHS(YLH 2HYHJOP 7SV[5V :LJ[VY4HPU2VYHUNP9VHK2HYHJOP
:V\[O 2VYHUNP5V 2HYHJOP 8.YV\UK-SVVY:LJ[VY(2VYHUNP5V2HYHJOP
:V\[O 4(*/: 2HYHJOP 7SV[5V-*VTTLYJPHS4(*/:2HYHJOP

:V\[O 4LOTVVKHIHK 2HYHJOP 7SV[5V:H)SVJR2HYHJOP(KTPUPZ[YH[PVU,TWSV`LLZ

*VVWLYH[P]L/V\ZPUN:VJPL[`2HLJOZ2HYHJOP
:V\[O 5L^*OHSSP 2HYHJOP (IPK*OHTILY7SV[:Y :OHOYH,3PHXH[2HYHJOP
:V\[O 5VY[O5HaPTHIHK 2HYHJOP :OV^YVVT5V7SV[5V+)SVJR+2+(:JOLTL5V

5VY[O5HaPTHIHK2HYHJOP
:V\[O 5VY[O5HaPTHIHK 2HYHJOP :OV^9VVT5V.YV\UK-SVVY,\YV*VU[PULU[HS;V^LY

/`KLYP 7SV[5V+)SVJR)2KH:JOLTL5V5VY[O
5HaPTHIHK2HYHJOP
:V\[O 7HR*VSVU` 2HYHJOP 7SV[5V 4VKLYU*VSVU`4HUNOVWPY9VHK2HYHJOP
:V\[O 8\HSP[`/LPNO[*SPM[VU 2HYHJOP (.YV\UK-SVVY8\HSP[`/LPNO[Z2+(:JOLTL5V

*SPM[VU)SVJR2HYHJOP

:V\[O :HIH(]LU\L 2HYHJOP :OVW5V .YV\UK-SVVY7SV[5V*)HKHY

*VTTLYJPHS:[YLL[:[5V7OHZL=2HYHJOP
:V\[O :OHOLLKL4PSSH[ 2HYHJOP (A)SVJR(S9PHa2HYHJOP

5V *VKL
:V\[O :OHOLLKL4PSSH[ 2HYHJOP 0XIHS(YJHKL7SV[5V+4*:VJPL[`2HYHJOP

:V\[O :OHOYHOL-HPZHS 2HYHJOP )\ZPULZZ(]LU\L*LU[YL)SVJR5V7,*/:2HYHJOP
:V\[O :[HKP\T3HUL 2HYHJOP *:[HKP\T3HUL0P2OH`HIHU,4\QHOPK+/(7OHZL=2HYHJOP

2OH`HIHUL4\QHOPK
:V\[O ;PTILY4HYRL[ 2HYHJOP 7SV[5V6SK/HQP*HTW:PKKPX\L>HOHI9VHK3LL

8\HY[LYZ2HYHJOP
:V\[O ;PW\:\S[HU9VHK 2HYHJOP 7SV[5VAVUHS*VTTLYJPHS(YLH2HYHJOP
:V\[O AHPUHI4HYRL[(/9 2HYHJOP :[H[L3PML)\PSKPUN5V(IK\SSHO

/HYVVU9VHK2HYHJOP
:V\[O AHTaHTH 2HYHJOP *;OAHTaHTH*VTTLYJPHS3HUL*SPM[VU2HYHJOP

:V\[O 3HYRHUH 3HYRHUH *P[`:\Y]L`5V(>HYK*-H`ZHS)HUR*OV^R

3HYRHUH*P[`
:V\[O -H[PTH1PUUHO9VHK 8\L[[H @V\Z\M*LU[YL-H[PTH1PUUHO9VHK8\L[[H

:V\[O :OHOYHOL(KHSH[ 8\L[[H :OHOYHO,(KHSH[9VHK8\L[[H

:V\[O :OHOKHKRV[ :OHOKHKRV[ 7SV[*P[`:\Y]L`5V>HYK)

:P[\H[LK([:OHPRO4VOHSH:OHOKHKRV[
:V\[O :\RR\Y :\RR\Y *P[`:\Y]L`5V+ +9HJL

*V\YJL9VHK:\ROH;HSHI:\RR\Y

Branch Network - Islamic
c Faysal Bank

5V *VKL
*LU[YHS0 0))3LHKZ*LU[YL 3HOVYL 3LHKZ*LU[YL)YHUJO:OVW

( )3LHKZ*LU[YL
4HPU)V\SL]HYK.\SILYN3HOVYL
*LU[YHS0 0))(SSHTH0XIHS 3HOVYL .\SZOHU)SVJR(SSHTH0XIHS;VÛ3HOVYL

;VÛ3HOVYL
*LU[YHS0 0))9HPS^H` 2HZ\Y )0= 9(6\[ZPKL3HOVYP.H[L

9VHK2(:<9 9HPS^H`9VHK2HZ\Y
*LU[YHS0 0)),_WV*LU[YL 3HOVYL 7SV[5V )SVJR/6WWVZP[L,_WV

*LU[YL4(1VOHY;VÛ3HOVYL
*LU[YHS0 0)))HOYPH;VÛ 3HOVYL 7SV[5V(:LJ[VY*)HOYPH;VÛ3HOVYL

3HOVYL
*LU[YHS0 0))0SSHOHIHK 0SSHOHIHK 2OL^H[5V2OH[VVUP5V[V 8P[H5V

*O\UPHU 4HPU2HZ\Y9VHK0SSHOHIHK;LOZPS*O\UPHU+PZ[YPJ[2HZ\Y
*LU[YHS0 0))2V[9HKOH 2V[9HKOH 2OL^H[5V 2OH[VVUP5V;V5LHY.OHSSH

2PZOHU2HZ\Y 2PZOHU 4HUKP(aHTHIHK9VHK2V[9HKOH2PZOHU+PZ[YPJ[2HZ\Y
*LU[YHS0 0))7OVVS5HNHY 7OVVS5HNHY 2OL^H[

2OH[VVUP
:HSPT2OH[H*HUHS4HPU
)HaHY7OVVS5HHNY
*LU[YHS0 0))9HP^PUK 3HOVYL )VOIH[LPU*OV^R9HP^PUK9VHK3HOVYL

9VHK3HOVYL
*LU[YHS0 0))4<33*OV^R 3HOVYL (S2OHU7SHaH5LHY:\UKLY0UK\Z[YPHS,Z[H[L.H[L5V4\SS

*OV^R4HPU9HP^PUK9VHK3HOVYL
5V *VKL
*LU[YHS0 0))0aTPY;VÛ3HOVYL3HOVYL 7SV[

)SVJR(0aTPY;VÛ7HRPZ[HU,_WH[YPH[LZ
*V6WLYH[P]L/V\ZPUN:VJPL[`0aTPY3[K4HPU*HUHS)HUR
9VHK3HOVYL
*LU[YHS0 0))-LYVaW\Y9VHK 3HOVYL 4VOHSSHO4HROKVVT(IHK*O\UNP(TY

:PKO\4HPU-LYVaW\Y9VHK3HOVYL
*LU[YHS0 0)))\UK9VHK 3HOVYL )\PSKPUN5V:>=00*:5H^HURV[:HUKH4HPU)HUK

3HOVYL 9VHK3HOVYL
°°°°°°°°°°°°°°°°°°°°
*LU[YHS0 0)))HOYPH 3HOVYL 7SV[5V ,HZ[LYU)SVJR)HOYPH6YJOHYK4HPU9HP^HUK
6YJOHYK3HOVYL 9VHK3HOVYL
*LU[YHS0 0))3HRL*P[`3HOVYL 3HOVYL 7SV[5V*VTTLYJPHS)SVJR5V3HRL*P[`/VSKPUN

9HP^PUK9VHK3HOVYL
*LU[YHS0 0))2HOUH5H\ 3HOVYL 7SV[5V:9 2HHOUH5V\-LYVaW\Y9VHK3HOVYL

3HOVYL
*LU[YHS0 0)):OHOW\Y2HUQYH 3HOVYL 2OHZYH5V2OL^H[5V2OH[VUP5V;V

+PZ[YPJ[3HOVYL 6WWVZP[L;V,4,/V\ZPUN:VJPL[`:OHOW\Y2HUQYH2T
4\S[HU9VHK;LOZPS +PZ[YPJ[3HOVYL
*LU[YHS0 0))4V\aH0JOYH)HIH 3HOVYL )\PSKPUN)LHYPUN2OHZYH5V 2OL^H[5V
(aHT*OV^R3HOVYL 2OH[VUP5V4V\aH0JOYH)HIH(aHT*OV^R3HOVYL
*LU[YHS0 0)):OHYXW\Y:OHYPM :OHYXW\Y 2OHZYH5V 2OH[VUP5V2OL^H[5V4HPU

:OHYPM (WWYVHJO9VHK:OHYHXW\Y:OHYPM:OLPRO\W\YH
*LU[YHS0 0))9HP^PUK*P[` 9HP^PUK 2OL^H[5V2OH[VUP5V:P[\H[LKH[4V\aH

9HP^PUK+PZ[YPJ[ ;LOZPS3HOVYL

5V *VKL
c Faysal Bank

*LU[YHS0 0))(IHKP;HSHI:HYH` ;HSHI:HYH` 7YVWLY[`2OL^H[5V2OH[VUP5V(IHKP;HSHI
4HUNH9HP^PUK9VHK :HYH`4V\aH4HUNH<[[HY4HUNH9HP^PUK9VHK;LOZPS
<UIHURLK 9HP^PUK+PZ[YPJ[3HOVYL
*LU[YHS0 0)))HYRH[*OV^R 3HOVYL 7SV[5V?000)0)SVJR?000:LJ[VY)08\HPKL(aHT

8\HPKL(aHT;VÛ ;VÛ3HOVYL
3HOVYL
*LU[YHS0 0)):HNP`HU3HOVYL 3HOVYL .YV\UK-SVVY5PNOH[7SHaH4HPU:HLLK*OV^R:HNP`HU)`

7HZZ3HOVYL
*LU[YHS0 0)):\UKHY(KKH :\UKHY(KKH 7SV[)\PSKPUNILHYPUN2OHZYH5V2OL^H[5V

2OH[VVUP5V:\UKHY(KKH4HPU4\S[HU
9VHK3HOVYL
*LU[YHS0 0))*O\UPHU *O\UPHU 7YVWLY[`\UP[^HYK

>09/:OVW2OLY[

2OH[VUP
4HPU*OHUNH4HUNH9VHK
*O\UPHUAPSH2HZ\Y
*LU[YHS0 0))3HQUH*OV^R 3HOVYL 7SV[

)SVJR:LJ[VY*8\HPKL(aHT;VÛ
3HOVYL :JOLTL3HOVYL3HQUH*OV^R4HPU*VSSLNL9VHK
;VÛZOPW3HOVYL
*LU[YHS0 0))4HUKP-HPaHIHK 4HUKP 2OL^H[

2OH[\UP
4HPU1HYHU^HSH9VHK
-HPaHIHK 4HUKP-HPaHIHK
*LU[YHS0 0))9HQH4HYRL[ 3HOVYL .\S5Ha/LPNO[Z(I\)HRHY)SVJR5L^.HYKLU

3HOVYL ;VÛ3HOVYL
*LU[YHS0 0))+/(7OHZL 3HOVYL 7SV[5V)SVJR(7OHZL=0:LJ[VY**+/(*HU[[3HOVYL

=03HOVYL
5V *VKL
*LU[YHS0 0))+/(7OHZL0= 3HOVYL )\PSKPUN5V)SVJR**(7OHZL0=**VTTLYJPHS+/(

3HOVYL *HU[[3HOVYL
*LU[YHS0 0))-LYVaW\Y9VHK00 3HOVYL 7YVWLY[`5V:9-LYVaW\Y9VHK5HZLLYHIHK)OHIYH

3HOVYL 5LHY:HTHK9\IILY>VYRZ-HJ[VY`3HOVYL
*LU[YHS0 0))+/(7OHZL000 3HOVYL 7SV[5V()SVJR??7OHZL**VTTLYJPHS+/(

3HOVYL 3HOVYL*HU[[3HOVYL
*LU[YHS0 0))*H]HSY` 3HOVYL *VTTLYJPHS(YLH*H]HSY`.YV\UK3HOVYL

.YV\UK0ZSHTPJ
*LU[YHS0 0))A)SVJR+/( 3HOVYL ¶ A:[YLL[7OHZL000+/(3HOVYL

3HOVYL
*LU[YHS0 0)))HYRP9VHK 3HOVYL )\PSKPUN)LHYPUN2OL^H[5V2OH[VVUP5V2OHZYH

3HOVYL 5V:P[\H[LK([)HYRP9VHK/HHK)HZ[4V\aH
*SHZZ4HYKP3HOVYL
*LU[YHS0 0)):[H[L3PML/V\ZPUN3HOVYL 7SV[5V:LJ[VY-7OHZL0:[H[L3PML0UZ\YHUJL

:VJPL[`3HOVYL ,TWSV`LLZ*VVWLYH[P]L/V\ZPUN:VJPL[`3PTP[LK3HOVYL
*LU[YHS0 0))7\UQHI 3HOVYL 7YVWLY[`5V)SVJR-7\UQHI*VVWLYH[P]L/V\ZPUN

:VJPL[`3HOVYL 3PTP[LK3HOVYL
*LU[YHS0 0))+/(;)SVJR 3HOVYL 7SV[5V*LU[YHS*VTTLYJPHS(YLH7OHZL+/(3HOVYL

3HOVYL
*LU[YHS0 0)))LKPHU9VHK 3HOVYL =PSSHNL3PKOHY)LKPHU9VHK5LHY-H[PTH/VZWP[HS3HOVYL
*LU[YHS0 0))5PZOH[*VSVU` 3HOVYL 2OHZYH

2OH[VVUP

4V\aH*OHYHYY5PZOH[*VSVU`>HS[VU*HU[[3HOVYL

5V *VKL
c Faysal Bank

*LU[YHS0 0))>HS[VU*HU[[ 3HOVYL 2OHZYH
2OL^H[
2OH[VVUP
:OVW

:P[\H[LKH[4H\aH2VYL`3PUR9VHK3HOVYL
*LU[YHS0 0))5L^(PYWVY[9VHK 3HOVYL (KQVPUPUN+L]PUL4LNH007SHaH5L^(PYWVY[9VHKSHOVYL*HU[[
*LU[YHS0 0)):\P.HZ 3HOVYL 7SV[

)SVJR(:\P5VY[OLYU6MMPJLY»Z*VVWLYH[P]L/V\ZPUN
:VJPL[`3HOVYL :VJPL[`3PTP[LK7OHZL3HOVYL
*LU[YHS0 0))>HS[VU9VHK 3HOVYL 1HUQ\H*LU[YL, >HS[VU9VHK3HOVYL*HU[[

3HOVYL
*LU[YHS0 0))4HPU4HYRL[ 3HOVYL 7SV[

!,4HPU4HYRL[.\SILYN003HOVYL
3HOVYL
*LU[YHS0 0))AYHY:OHOLLK9VHK 3HOVYL AHYHY:OHOLLK9VHK1VYH`7\SS5LHY9HUNLY.PYSZ/PNO

:JOVVS3HOVYL*HU[[
*LU[YHS0 0))1HPS9VHK 3HOVYL 4HPU1HPS9VHK3HOVYL

*LU[YHS0 0))+OHYHTW\YH 3HOVYL 7YVWWLY[`

:,9((SSHTH0XIHS9VHK
+OHYHTW\YH3HOVYL
*LU[YHS0 0)).;9VHK .\QYHU^HSH (S4HQLLK*LU[YL:[YLL[5V4VOHSSH-HPZHSHIHK

.\QYHU^HSHF9* .;9VHK.\QYHU^HSH
*LU[YHS0 0)),HZ[*PYJ\SHY .<19(; :OPW

)5LHY:OHO+V\SH.HYL,HZ[*PYJ\SHY9VHK
6WWVZP[L.YLLU/V\ZL.\QYH[
*LU[YHS0 0)):H[LSSP[L;VÛ .\QYHU^HSH 7SV[5V+:H[LSSP[L;VÛ.\QYHU^HSH

.\QYHU^HSH
5V *VKL
*LU[YHS0 0)).HROHY.;9VHK .OHRRHY 2OL^H[5V 2OH[VVUP5V 2OHZYH5V

.\QYHU^HSH .;9VHK.HROHY.\QYHU^HSH
*LU[YHS0 0)))OPTILY .<19(; 2OL^H[5V2OH[VUP5V2OHZYH5V.O\SHI

9VHK.\QYH[ :[YLL[6WWVZP[L(SLUH*LU[YL4HPU)OPTILY9VHK.\QYH[
*LU[YHS0 0))7LVWSLZ*VSVU` .\QYHU^HSH :OVW5V@:0;,0:JOLTL5V7LVWSLZ*VSVU`

.\QYHU^HSH .\QYHU^HSH
*LU[YHS0 0)).\QYHU^HSH .\QYHU^HSH 7SV[5V):P[\H[LKH[:\WLY4HYRL[:HKKHY)HaHY(YLH

*HU[[.\QYHU^HSH .\QYHU^HSH*VU[VUTLU[
*LU[YHS0 0))9LOTHU .<19(; 2OL^H[5V2OH[VVUP5V2OHZYH5V9LOTHU

:OHOLLK9VHK.\QYH[ :OHOLLK9VHK.\QYH[
*LU[YHS0 0))>HWKH;VÛ .\QYHU^HSH 7SV[5V444HPU4HYRL[)SVJR)>HWKH;VÛ

.\QYHU^HSH .\QYHU^HSH
*LU[YHS0 0))4\YPKRL 4\YPKRL :HSHT2OH[H5V2OL^H[5V2OH[VUP5V

4HPU.;9VHK4\YPKRL+PZ[YPJ[:OLPRO\W\YH
*LU[YHS0 0))9HUH;VÛ 9HUH;VÛ 2OL^H[5V 2OH[VUP5V:HSHT2OH[H8P[H4V\aH

*OHR5V <**;LOZPS-LYVaL^HSH+PZ[YPJ[:OLPRO\W\YH
*LU[YHS0 0))4VYL,TPUHIHK 4VYL 2OL^H[5V 2OH[VUP5V2OHZYH5V

,TPUHIHK .;9VHK4HPU)HUR(S/HIPI4VYL,TPUHIHK4V\aH
+OPSH^HSP;LOZPS +PZ[YPJ[.\QYHU^HSH
*LU[YHS0 0))2V[SH(YHI 2V[SH(YHI 2OHZYH5V2OL^H[2OH[VUP5V=PSSHNL2V[SH

(SP2OHU (SP2OHU (YHI(SP2OHU;LOZPS2OHYPHU+PZ[YPJ[.\QYH[
*LU[YHS0 0))1HSHSW\Y1H[[HU 1HSHSW\Y1H[[HU 7YVWLY[ÌLHYPUN2OL^H[5V 2OH[VUP5V

2OHZYH5V ZP[\H[LKH[1HSHSW\Y
1H[[HU;LOZPS +PZ[YPJ[.\QYH[

5V *VKL
c Faysal Bank

*LU[YHS0 0)).\SPHUH .\SPHUH 7YVWLY[`2OL^H[5V2OH[VVUP2OHZYH5V
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.OH^HU;LOZPS(SP7\Y+PZ[YPJ[4\aHMMHYNHYO
*LU[YHS00 0))4VKLS;VÛ )HOH^HSW\Y 7SV[5V )SVJR(.OHSSHO4HUKP9VHK4VKLS;VÛ)

)HOH^HSW\YF9* .LULYHS6MMPJPHS*VSVU`)HOH^HSW\Y
*LU[YHS00 0))5L^.OHSSH 9HOPT@HY 2OH[VUP5V2OH[H5V8P[H5V 5L^

4HUKP9@2 2OHU .OHSSH4HUKP*OHR5V579HOPT@HY2OHU
*LU[YHS00 0))3VKOYHU 3VKOYHU 2OL^H[5V2OH[VVUP5V¶
*LU[YHS00 0))2379VHK :HKPXHIHK 2OH[H5V2OH[VVUP5V4HPU2379VHK

:HKPXHIHK :P[\H[LKH[*OHR5V57:HKPXHIHK
*LU[YHS00 0))4HPSZP 4HPSZP )\PSKPUN2OL^H[5V2OH[VVUP5VZP[\H[LKH[*VSVU`

9VHK5LHY0[[LMHX0JL-HJ[VY`4HPSZP
*LU[YHS00 0))+\U`HW\Y +\U`HW\Y )\PSKPUN5V(2OL^H[5V5LHY2HaTP*OV^R

ZP[\H[LKH[+VRV[H*OV^R+\U`HW\Y+PZ[YPJ[3VKOYHU
*LU[YHS00 0))1HSHSW\Y7PY^HSH 1HSHSW\Y 7YVWLY[`5V*+:/ZP[\H[LKH[7LYTP[9VHK

7PY^HSH )SVJR)1HSHSW\Y7PY^HSH+PZ[YPJ[4\S[HU
*LU[YHS00 0))3PHXH\[7\Y 3PHX\H[7\Y :OVW5V (IIHZPH9VHK3PHX\H[7\Y+PZ[YPJ[9HOPT@HY2OHU
*LU[YHS00 0))(PYWVY[YVHK 9HOPT@HY *VTTLYJPHSWYVWLY[`)LHYPUN5V*PYJ\SHY9VHK

@HY2OHU9HOPT 2OHU 9HOPT@HY2OHU
*LU[YHS00 0)):H[LSSP[L;VÛ )HOH^HSW\Y <UP[5V7*/(33:/)SVJR5V=000:L[[LSPNO[

)HOH^HSW\Y ;VÛ*VTTLYJPHS(YLH)HOH^HSW\Y
5V *VKL
*LU[YHS00 0)))HOH^HSUHNHY )HOH^HSUHNHY 2OL^H[5V 2OH[VUP5V:OVW5V:V\[OSPUL

.OHSH4HUKP)OH^HSUHNHY
*LU[YHS00 0))2OHUW\Y 2OHUW\Y 2OH[H5V 2OH[VVUP5V4Hà9VHK+VHIIH

9VHK2OHUW\Y+PZ[YPJ[9HOPT@HY2OHU
*LU[YHS00 0))/HZPSW\Y /HZPSW\Y +)HSKPH9VHK2OH^H[5V2OH[VVUP5V

/HZPSW\Y+PZ[YPJ[)HOH^HSW\Y
*LU[YHS00 0))@HaTHU4HUKP @HaTHU4HUKP (+))HOH^HSW\Y9VHK@HaTHU
*LU[YHS00 0))*OV^R *OV^R *VTTLYJPHS7YVWLY[`)LHYPUN2OL^H[5V 2OH[VVUP

:OHOIHaW\Y :OHOIHaW\Y 5V8P[H*OV^R:OHOIHaW\Y:HKPXHIHK+PZ[YPJ[
9HOPT@HY2OHU
*LU[YHS00 0)):HOP^HS :HOP^HS 2OH[H5V 2OH[VVUP5\TILY .HSP:\RO*OHPU

4VOHSSHO)HSVJO.HUQ:HOP^HS
*LU[YHS00 0))-HYPK;VÛ :HOP^HS 2OL^H[5V2OH[VUP5V 2OHZYH

:HOP^HS 5V 0-HYPK;VÛ:HOP^HS

*LU[YHS00 0))6RHYH 6RHYH 2OHZYH5V+ 2OL^H[5V2OH[VUP5V*OHR

5V(3+)SVJR5LHY7YLZZ*S\I6RHYH
*LU[YHS00 0))*OHR5V3 6RHYH *OHR5V34HPU+LWHSW\Y9VHK6RHYH

¶ 6RHYH<UIHURLK
*LU[YHS00 0))/H]LSP3HRROH /H]LSP3HRROH 2OL^H[5V2OH[VVUP5V/H]LSP3HROH

+LWHSW\Y+PZ[YPJ[6RHYH
*LU[YHS00 0)):HKKHY.VNNLYH :HKKHY 2OL^H[UVROH[VVUP5V2OHZYH5V

.VNNLYH *OHR5V;:HKKHY.VNNLYH;LOZPS +PZ[YPJ[6RHYH

5V *VKL
c Faysal Bank

*LU[YHS00 0)))\UNH/H`H[ )\UNH/H`H[ 2OL^H[5V)SHJR9LK2OH[VVUP
[V
:P[\H[LKPUJOHR)HPKP;LOZPS°HUK+PZ[YPJ[7HR7H[[HU°
*LU[YHS00 0))+LWHSW\Y +LWHSW\Y :OVW5V 2OL^H[5V2OH[VVUP5V ;V

.PSSHUP/LPNO[Z4HKPUH*OV^R+LWHSW\Y
*LU[YHS00 0))4PHU*OHUU\ 4PHU*OHUU\ 2OL^H[5V2OH[VVUP5V.;9VHK5LHY;

*OV^R4PHU*OHUU\
*LU[YHS00 0))0XIHS5HNHY 0XIHS5HNHY 2OL^H[5V2OH[VVUP5V4V\aH ;LOZPS

*OPJOH^H[UP+PZ[YPJ[:HOP^HS
*LU[YHS00 0))*S\I9VHK =LOHYP *VTTLYJPHS7YVWLY[`)LHYPUN2OL^H[

=LOHYP 2OH[VUV
:P[\H[LKH[4V\aH
*OHR
>)*S\I9VHK=LOHYP;LOZPS +PZ[YPJ[=LOHYP
5VY[O 0))4PYW\Y(12 4PYW\Y )YHUJO(S4HUaHY)\PSKPUN(SSHTH0XIHS9VHK4PYW\Y(2

(aHK2HZOTPY
5VY[O 0))4\aHMMHYHIHK 4\aHMMHYHIHK 2OHZYH5V4V\aH4\aHMMHYHIHK5LHY.PSHUP/V[LS

*OV^R)HUR9VHK;LOZPS +PZ[YPJ[4\aHMMHYHIHK
5VY[O 0));(3(.(5. ;(3(.(5. )00 4HKPUH7SHaH5LHY)V`Z/PNO:JOVVS5V

*OHR^HS9VHK;HSHNHUN
5VY[O 0))2H[JOLOY`9VHK 4HUKP 7SV[5V)004VOHSSHO;VOLLK.\UQ<ZTHUPH2H[JOLOY`

4HUKP)HOH\KKPU IHOH\KKPU 9VHK4HUKP)HOH\KKPU
5VY[O 0)))HSSV2OLS9VHK 4PHU^HSP 7SV[5V- ()PZTPSSHO7SHaH4HPU)HaHY)HSSVROLS

4PHU^HSP 9VHK4PHU^HSP
5VY[O 0))+05.( +PUNH 2OL^H[5V2OH[VVUV5V2OHZYH 4HPU)HaHY

+OHSSPHU*O^VR+PUNH;LOZPS2OHYPHU+PZ[[
5V *VKL
5VY[O 0))4\ZSPT)HaHY :HYNVKOH .YV\UK-SVVY(S.OHMVVY7SHaH4\ZSPT)HaHY:HYNVKOH

:HYNVKOH
5VY[O 0)):H[LSSP[L;VÛ :HYNVKOH 7SV[5V(4HPU)HaHY:H[LSSP[L;VÛ:HYNVKOH

:HYNVKOH
5VY[O 0))-HPZHSHIHK9VHK :HYNVKOH 2OL^H[5V2OH[VVUP5V .YV\UK-SVVY)\YQ(IK\S

:HYNVKOH (aPa*HUHS=PL^7\SS-HPZHSHIHK9VHK:HYNVKOH
5VY[O 0))4HSHR^HS 4HSHR^HS 2OL^H[5V2OH[VVUP5V)HKZOHOW\Y9VHK

4HUKP)HOH\KKPU 2H[JOLY`9VHK;LOZPS4HSHR^HS+PZ[YHJ[4HUKP)HOH\KKPU
5VY[O 0))2HSSHY:`LKHU 2HSSHY:`LKHU 2OHZYH5V2OH[VVUP5V 2OL^H[5V

4HPU)HaHY2HSSHY:`LKHU+PZ[YPJ[9H^HSWPUKP
° 5VY[O 0))7OHSPH 7OHSPH 2OL^H[UV 2OH[VVUPUV2OHZYHUV

8P[[H/LSHUYVHK4V\aH7OHSPH2LLTHU;LOZPS7OHSPH
+PZ[YPJ[4HUKP)HOH\K+PU
5VY[O 0)).\SILYN0ZSHTHIHK0ZSHTHIHK :OVW5V.-WSV[UV .\SILYNHYLUHI\ZPULZZH]LU\L

.\SILYNL_WYLZZ^H`.\SILYNNYLLUZ0ZSHTHIHK
5VY[O 0)))OHS^HS )OHS^HS (3PHXH[:OHOLLK9VHK*OHR

;LOZPS)OHS^HS
+PZ[YPJ[:HYNVKOH
5VY[O 0)))OLYH )OLYH 2OL^H[UV)OHS^HSYVHK)OLYH+PZ[YPJ[:HYNVKOH
5VY[O 0))9H^HSHRV[ 9H^HSHRV[ .YV\UK-SVVY+<ZTHU7SHaH)HUR9VHK9H^HSHRV[

(aHK2HZOTPY

5VY[O 0))2V[SP 2V[SP 2OL^H[5V2OH[H5V8P[H/HMPa(ZSHT9VHK

2V[SP)HS`HO;LOZPS +PZ[YPJ[2V[SP(aHK2HZOTPY

5V *VKL
c Faysal Bank

5VY[O 0))+05( +PUH 7YVWLY[`5V(S)PSHS7SHaH.;9VHK+PUH
5VY[O 0))*OHR^HS *OHR^HS ;HSHNHUN9VHK6WWVZP[L(SSPHUJL;YH]LSZ*OHR^HS7SV[5V

);HSHNHUN9VHK*OHR^HS
5VY[O 0))8\HPKHIHK 8\HPKHIHK *VTTLYJPHS7YVWLY[`)LHYPUN7SV[5V7)2OL^H[5V

2OH[VVUP5V4V\aH8HPKHIHK;LOZPS8HPKHIHK
+PZ[YPJ[2O\ZOHI
5VY[O 0))+\KPHS +\KPHS /HZZHU:OVWWPUN*LU[YL4HPU)HaHY+\KPHS(aHK2HZOTPY
5VY[O 0))*OHRZH^HYP *OHRZH^HYP .YV\UK-SVVY2OHSPK7SHaH4HPU)HaHY2OHZYH5V

2OH[VVUP5V *OHRZH^HYP+PZ[YPJ[4PYW\Y(aHK2HZOTPY
5VY[O 0))9H^H[ 9H^H[ 6MMPJL5V9PHa/\ZZHPU:OHO7SHaH4HPU.;9VHK

9H^H[0ZSHTHIHK
5VY[O 0))2OHYPHU 2OHYPHU 9Pa^HU7SHaH.;9VHK2OHYPHU+PZ[YPJ[.\QYH[
5VY[O 0))2H[OH*OV^R 2O\ZOHI 7 (:/2OL^H[5V2OH[VVUP5V2OHZYH

2O\ZOHI 5V 2H[OH*OV^R;LOZPS +PZ[YPJ[2O\ZOHI
5VY[O 0)))HNO )HNO 2OL^H[5V2OHZYH5V *OV^R:O\O\KH

.`HYP:LJ[VY)HNO(aHK2HZOTPY
5VY[O 0))2\[OPHSH:OLPROHU 2\[OPHSH 2OL^H[5V 2OH[VVUP5V2OHZYH5V

<UIHURLK :OLPROHU 2\[OPHSH:OLPROHU;LOZPS +PZ[YPJ[4HUKP)HOH<K+PU
5VY[O 0))4HUZLOYH 4HUZLOYH 2OH[H2OH[VVUP5V .YV\UK-SVVY9LOTHU

7SHaH(IIV[[HIHK9VHK4HUZLOYH
5V *VKL
5VY[O 0))4HUZLOYH9VHK (IIV[[HIHK 7YVWLY[`5V*) (6WWVZP[L:L[OP4HZQPK4HUZLOYH

(IIV[[HIHK 9VHK(IIV[[HIHK
5VY[O 0)).OV\YNOHZO[P .OVYNO\ZO[P 7YVWLY[`5V4HPU)HaHY3HRRHY4HUKP.OV\YNO\ZO[P

([[VJR ;LOZPS/HaYV+PZ[YPJ[([[VJR
5VY[O 0)):LJ[VY)4HPU 0ZSHTHIHK 7SV[

3V^LY.YV\UK-SVVY:LH:X\HYL47*/:)
.;9VHK0ZSHTHIHK 4HPU.;9VHK0ZSHTHIHK
5VY[O 0))(THU*OV^R :^HIP 2OHZYH5V(THU*OV^R4HYKHU:^HIP9VHK

:^HIP ;LZOPS +PZ[YPJ[:^HIP
5VY[O 0))5V^ZOLYH*HU[[ 5V^ZOLYH 7YVWLY[`)LHYPUN5V :OVWZ5V

:OHO)\PSKPUN)HIH*VSVU`4HPU.;9VHK5V^ZOLYH*HU[[
5VY[O 0)))HUR9VHK 4HYKHU 2OHZYH5V2OL^H[5V.YV\UK-SVVY2OH[HR

4HYKHU 7SHaH4HPU)HaHY)HUR9VHK4HYKHU
5VY[O 0))5L^(KKH9VHK 4HYKHU 2OHZYH5V 5L^(KKH4HYKHU

4HYKHU
5VY[O 0))>HO*HU[[ >HO*HU[[ 7SV[5V*)2OHZYH5V 5LHY<WWHS

*OV^R3HSHaHY4HSS9VHK)HZ[P>HO*HU[[
5VY[O 0))/H]LSPHU /H]LSPHU 2OL^H[5V 2OH[VVUP5V

2OHZYH5VZ :P[\H[LK
H[4V\aH/H]LSPHU<YIHU;LOZPS/H]LSPHU+PZ[YPJ[(IIV[HIHK
5VY[O 0));HYUVS0ZSHTHIHK 0ZSHTHIHK 4\OHTTHKAHTHU7SHaH.YV\UK-SVVY2OHZYH5V

4HPU.;9VHK5LHY;HYUVS9HPS^H`:[H[PVU0ZSHTHIHK
5VY[O 0));H_PSH ;H_PSH .YV\UK-SVVY2OHZYH5V4HPU.;9VHK

)HaHY;H_PSH+PZ[YPJ[9H^HSWPUKP

5V *VKL
c Faysal Bank

5VY[O 0))/H[[HY /H[[HY 7SV[UV0UK\Z[YPHSHYLH2V[5HQLLI<SSHO9VHK/H[[HY
5VY[O 0))/HYPW\Y /HYPW\Y :OVW5V2OHZYH5V 2OL^H[5V

(RIHY7SHaH4HPU(IIV[[HIHK9VHK/HYPW\Y
5VY[O 0))([[VJR ([[VJR 7SV[

:OLPROQHMMLY7SHaH:PKPX\P9VHK([[VJR*P[`
5VY[O 0))(IIV[[HIHK (IIV[[HIHK -HYVVXHIHK(IIV[[.HYKLU/V[LS)\PSKPUN4HUZLOYH

9VHK(IIV[HIHK
5VY[O 0));VWP ;VWP 2OH[H5V2OHZYH5V4V\aH;VWP:O\THSP4HPU

;VWP:^HIP9VHK5LHY5L^)\Z:[HUK;LOZPS;VWP+PZ[YPJ[:^HIP
5VY[O 0))6NOP 6NOP ° 2OH[H5V2OZHYH5V 4HPU)HaHHY

6\NOP;LOZPS6NOP+PZ[YPJ[4HUZLOYH
5VY[O 0)))HQH\Y )HQH\Y .YV\UKMSVVY4HPU)HaHY762OHY+PZ[YPJ[)HQH\Y
5VY[O 0))4PUNVYH:^H[ :^H[ -PYZ[ 5K-SVVY(IHZPUKO;V^LY.YLLU*OV^R4HK`HU

9VHK4PUNVYH:^H[
5VY[O 0)))<5,9 )\ULY 2OHZYH5V 2OH[VVUP5V4HYKHU9VHK4HPU)HaHY

:^HYP+PZ[YPJ[)\ULY
5VY[O 0));PTLYNHYH ;PTLYNHYH :OVW

-HRPY7SHaH6WWVZP[L.LULYHS)\Z:[HUK4HPU
.;9VHK+PY3V^LY°;PTLYNHYH
°
5VY[O 0))4HRHU)HNO :^H[ 4HRHU)HNO*OV^R5LHY:^H[*VU[PULU[HS/V[LS:HPK\:OHYPM
4PUNVYH 9VHK4PUNVYH:^H[
5VY[O 0)))H[ROLSH )H[ROLSH (S4HKPUH4HYRL[5LHY2O^HY4HPU)HaHY)H[ROLSH+PZ[[!4HSHRHUK
5VY[O 0))4H[[H)HaHY4H[[H 4H[[H 7YVWLY[`5V4HPU4H[[H)HaHY;LOZPS4H[[H+PZ[YPJ[:^H[

5V *VKL
5VY[O 0))([HSPX)HaHY *OP[YHS ([HSPX)HaHY)`WHZZ9VHK*OP[YHS

*OP[YHS
5VY[O 0))7\U`HS9VHK .PSNP[ 2OL^H[5V:OHO*P[`4HSS7\U`HS9VHK.PSNP[

.PSNP[
5VY[O 0))+(::< +HZZ\ 2OHZYH5V:OLYLLU7SHaH5LHY(IHZHPU7\ISPJ:JOVVS

+HZZ\2VOPZ[HU
5VY[O 0)).PSNP[ .PSNP[ 2OHZYH5V 2OL^H[5V2OH[VVUP5V

AZ7SHaH:OHOYHOLL8\HPKL(aHT6WWVZP[L9HKPV
7HRPZ[HU4V\aH1\[PHS.PSNP[
5VY[O 0))*OPSHZ *OPSSHZ 2OHZYH5V 5LHY1HTPH4HKUP4HZQPK4HPU)HaHY

*OPSSHZ+PZ[YPJ[+PHTLY.PSNP[)HS[PZ[HU
5VY[O 0)):RHYK\ :RHYK\ 2OHZYH5V:HRTLKHU)HaHY5LHY6SK

@HKNHY*OV^R;LOZPS:RHYK\
5VY[O 0))+HU`VYL +HU`VYL 2OHZYH5V2OL^H[5V4HPU)HaHY+HU`VYL
5VY[O 0))2HIHS:^H[ 2HIHS 2OH[H5V 2OH[VVUP5V2OHZYH5V4V\aH
2HIHS+PZ[YPJ[:^H[
5VY[O 0)).VYPRV[L(Z[VYL .VYPRV[L 2OL^H[5V2OHZYH5V 4V\aH*OV\UNYH

<UIHURLK ;LOZPS +PZ[YPJ[(Z[VYL
5VY[O 0)).HORVVJO.OPaLY .HORVVJO ° )HPNWSHaHTHYRL[ZP[\H[LKH[4V\aH.HOR\JO7HLU

.OPaLY
5VY[O 0))(HIWHYH4HYRL[ 0ZSHTHIHK <UP[5V2HTYHU9LZ[H\YHU[(HIWHYH4HYRL[

2OH`HIHU,:\OHY^HYK`0ZSHTHIHK

5V *VKL
c Faysal Bank

5VY[O 0)),4HYRHa 0ZSHTHIHK :OVW5V9V`HS:\P[L4HPU+V\ISL9VHK,
0ZSHTHIHK :LY]PJLZ*VVWLYH[P]L/V\ZPUN:VJPL[`0ZSHTHIHK
5VY[O 0)). 4HYRHa 0ZSHTHIHK 7SV[5V . 4HYRHa0ZSHTHIHK
0ZSHTHIHK
5VY[O 0))-4HYRHa 0ZSHTHIHK .YV\UK-SVVY3-4HYRHa0ZSHTHIHK

5VY[O 0))04HYRHa 0ZSHTHIHK 7SV[5V(ULLR(YJHKL:LJ[VY5V04HYRHa0ZSHTHIHK

0ZSHTHIHK
5VY[O 0))+/(7OHZL00 0ZSHTHIHK 7SV[5V:LJ[VY,1PUUHO)V\SL]HYK7OHZL00+/(0ZSHTHIHK

0ZSHTHIHK
5VY[O 0))+0ZSHTHIHK 0ZSHTHIHK 7SV[5V(PT(YJHKL:OVW

+4HYRHa0ZSHTHIHK
5VY[O 0))2\YP9VHK 0ZSHTHIHK 2OL^H[5V 2OHZYH5V.YHUKL\Y(YJHKL

0ZSHTHIHK 2\YP9VHK4V\aH9LOHYH0ZSHTHIHK
5VY[O 0)).4HYRHa 0ZSHTHIHK :OVW5V 7SV[

(S(UH`H[:OVWWPUN7SHaH
0ZSHTHIHK .4HYRHa0ZSHTHIHK
5VY[O 0))-4HYRHa 0ZSHTHIHK 7SV[5V)SVJR5V,:\WLY4HYRL[-4HYRHa0ZSHTHIHK

0ZSHTHIHK
° 5VY[O 0))0 4HYRHa 0ZSHTHIHK :OVWUV7SV[5V31H^H[V^LYZ

0ZSHTHIHK 0 4HYRHa0ZSHTHIHK
5VY[O 0)).4HYRHa 0ZSHTHIHK .YV\UK-SVVY(:HYKHY7SHaH.4HYRHa0ZSHTHIHK

0ZSHTHIHK
5V *VKL
5VY[O 0)))HYH2VO 0ZSHTHIHK 2OHZYH5V2OL^H[5V2OH[VVUP56

4V\aH2V[/H[OH`HS4HPU4\YYLL9VHK)OHYH2HO\0ZSHTHIHK
5VY[O 0)).4HYRHa 0ZSHTHIHK :OVW5V7SV[5V+.4HYRHa0ZSHTHIHK

0ZSHTHIHK
5VY[O 0))4\YYLL 4\YYLL 7YVWLY[`5V )005LHY.76*OV^R2O\SKHUH9VHK

;LOZPS4\YYLL+PZ[YPJ[9H^HSWPUKP
5VY[O 0)))HOYPH7OHZL0= 9H^HSWPUKP /HSS5V7SHaH5V4HPU)V\SL]HYK*P]PJ*LU[YL

9H^HSWPUKP 7OHZL)HOYPH;VÛ9H^HSWPUKP
5VY[O 0));OL4HSS)YHUJO 9H^HSWPUKP *LU[\Y`;V^LYZ;OL4HSS9H^HSWPUKP
5VY[O 0)))HOYPH;VÛ 9H^HSWPUKP 7SV[

:LY]PJL(]LU\L0U[LSSLJ[\HS=PSSHNL)HOYPH;VÛ
7OHZL9H^HSWPUKP
5VY[O 0))2HZOTPY9VHK 9H^HSWPUKP (*2HZOTPY9VHK9H^HSWPUKP

9H^HSWPUKP
5VY[O 0))(K`HSH9VHK 9H^HSWPUKP 2OL^H[5V2OH[VVUP5V2OHZYH5V

9H^HSWPUKP 8P[[HZ4V\aH+OHTHU(K`HSH9VHK9H^HSWPUKP
5VY[O 0)):JOLTL000 9H^HSWPUKP .YV\UK-SVVY(`Ha7SHaH7SV[5V:JOLTL¶000

*OHRSHSH9H^HSWPUKP *OHRSHSH°9H^HSWPUKP
5VY[O 0))9HUNL9VHK 9H^HSWPUKP 2OL^H[5V2OH[VVUP5V 2OHZYH5V

9H^HSWPUKP (S[HM:OHO7SHaH4V\aH9H[[H(TYHS9HUNL
9VHK9H^HSWPUKP
5VY[O 0)).VYHROW\Y .VYHROW\Y .YV\UK-SVVY2OL^H[5V2OH[VVUP5V2OHZYH

<UIHURLK 5V4HPU(K`HSH9VHK.VYHROW\Y+PZ[YPJ[9H^HSWPUKP

5V *VKL
c Faysal Bank

5VY[O 0)):HPKW\Y9VHK 9H^HSWPUKP +:HPKW\Y9VHK:L[[SP[L;VÛ9H^HSWPUKP
5VY[O 0))9HQH)HaHY 9H^HSWPUKP <0XIHS9VHK-H^HYH*OV^R9HQH)HaHY9H^HSWPUKP

5VY[O 0)):HKPXHIHK9VHK 9H^HSWPUKP *:L[LSSP[L;VÛ:HKPXHIHK9VHK9H^HSWPUKP

5VY[O 0))4HPU6SK(PYWVY[ 9H^HSWPUKP 2OHZHYH5V 2OL^H[5V
9VHK9H^HSWPUKP 2OH[VVUP5V4V\aH.HUNHS6SK(PYWVY[
9VHK9H^HSWPUKP
5VY[O 0))3HSHaHY;\SZH 9H^HSWPUKP 7YVWLY[ÌLHYPUN5V*) ;\SZH9VHK*OHRSHSH*HU[[

9VHK9H^HSWPUKP 9H^HSWPUKP
5VY[O 0))9H^HSWPUKP.\UQ 9H^HSWPUKP = .\UQTHUKP9H^HSWPUKP
4HUKP
5VY[O 0))2HSTH*OV^R 9H^HSWPUKP 2OHZYH5V2OH[VVUP5V4H\aH1HOH^HYL`2HTHSHIHK

2HSTH*OV^R9H^HSWPUKP
5VY[O 0))7>+:VJPL[` 0ZSHTHIHK .YV\UK-SVVY([[H(YJHKL*VTTLYJPHS(YLH5H[PVUHS7VSPJL

-V\UKH[PVU4HPU)V\SL]HYK7>+9H^HSWPUKP
5VY[O 0)))HOYPH;VÛ 9H^HSWPUKP ° 7SV[5V:LJ[VY(I\)HRHY(]LU\L7OHZL:HMHYP=HSSL`

7OHZL=0009H^HSWPUKP )HOYPH;VÛ9H^HSWPUKP
5VY[O 0))[O:HKKHY9VHK7LZOH^HY :HKKHY9VHK;HZUPT7SHaH7LZOH^HY*HU[[7LZOH^HY

7LZOH^HY*HU[[
5VY[O 0)).;9VHK 7LZOH^HY .YV\UK-SVVY9HOPT4LKPJHS*LU[LY.;9VHK7LZOH^HY

7LZOH^HY
5V *VKL
5VY[O 0))*OHYZHKKH *OHYZHKKH .YV\UK-SVVY.VSK4PULZ;V^LYZ5V^LZOLYH9VHK*OHYZHKKH

5VY[O 0))+HSHaHR9VHK 7LZOH^HY 2OHZYH5V .YV\UK-SVVY4HSPR7SHaH0XIHS*VSVU`

+HSHaHR9VHK7LZOH^HY
5VY[O 0))26/(; 2VOH[ 7SV[

:\Y]L`5V*5LHY)\[[:\WLY:[VYL2H[JOLY`
*OV^R/HUN\9VHK2VOH[
5VY[O 0))+02OHU +LYH0ZTHPS 7SV[

:\Y]L`
5LHY.76*OV^R,HZ[*PYJ\SHY9VHK
2OHU +02OHU*HU[[
5VY[O 0))(ZOYHM9VHK 7LZOH^HY :OVW

5L^9HTW\YH.H[L(ZOYHM9VHK7LZOH^HY
)YHUJO7LZOH^HY
5VY[O 0)))(55< )HUU\ 2OHZYH5V4V\aH-H[PTH2OLS5LHY+\YYHUP7SHaH

,_.;:*OV^R)HUU\*HU[[)HUU\
5VY[O 0))>HYZHR9VHK 7LZOH^HY 7YVWLY[`5V.YV\UK-SVVY5VVY7SHaH

7LZOH^HY >HYZHR9VHK7LZOH^HY
5VY[O 0))2VOH[9VHK 7LZOH^HY 2OH[H2OH[VVUP5V:P[\H[LKH[4V\aH2V[SH4LTHU

7LZOH^HY 2OHU2VOH[9VHK7LZOH^HY
5VY[O 0))/H`H[HIHK 7LZOH^HY :OVW5V.YV\UK-SVVY>HXHY7SHaH.\S(IHK*VSVU`

7LZOH^HY 1HTY\K9VHK7OHZL000*OV^R/H`H[HIHK7LZOH^HY
5VY[O 0)):OHORHZ2OÌLY 2OÌLY(NLUJ` .YV\UK-SVVY:WPUaHY4HYRL[:OHORHZ>HaLLY+OHUK

(NLUJ` 1HTY\K9VHK5LHY/H`H[HIHK0UK\Z[YPHS,Z[H[L2OÌLY
(NLUJ`-(;(
5VY[O 0))*HUHS9VHK 7LZOH^HY :OVW

2OHZYH
5HZLLT7SHaH
7LZOH^HY (JHKLT`;VÛ5LHY.OHUKOHYH<UP]LYZP[`*HUHS9VHK7LZOH^HY

5V *VKL
c Faysal Bank

5VY[O 0))(JOHPUP*OV^R 7LZOH^HY 2OH[VVUPUV(JOHPUP)HSH9PUN
7LZOH^HY 9VHK7LZOH^HYKP
5VY[O 0))7LLWHS4HUKP 7LZOH^HY 7YVWLY[`5V; :OVW5V[V .YV\UK
-SVVY(ZOYHM*OPUH;YHKL*LU[YL*OHYP2VIHU*OV^R7LLWSL
4HUKP6SK:HIaP4HUKP7LZOH^HY
5VY[O 0))*OHYZHKKH9VHK 7LZOH^HY 2OHZYH5V+PU)HOHY*VSVU`4HPU*OHYZHKKH

7LZOH^HY 9VHK7LZOH^HY
5VY[O 0))7HYHJOPUHY 7HYHJOPUHY 2OHZYH5V4V\aH;V[RP7HYHJOPUHY+PZ[YPJ[

<WWLY2\YYHT
5VY[O 0))<UP]LYZP[`9VHK 7LZOH^HY 7YVWLY[`

6TLY7SHaH1HTY\K9VHK
1LOHUNPYHIHK<UP]LYZP[`9VHK7LZOH^HY
5VY[O 0))2OÌLY)HaHY 7LZOH^HY 7YVWLY[`

+6\[ZPKL)HQVYP.H[L:OVIH*OV^R2OÌLY
)HaHY7LZOH^HY
5VY[O 0))/HUN\ /HUN\ 2OHZYH5V4HPU)HaHY/HUN\
:V\[O 0))AHYNOVVU9VHK 8\L[[H 5LHY)\ROHYP7L[YVSL\T5LÂHYNOVVU9VHK8\L[[H

:V\[O 0))8HUKOHYP)HaHY 8\L[[H 8HUKOHYP)HaHHY8\L[[H

8\L[[H
:V\[O 0)):OHOIHa;VÛ 8\L[[H 7SV[5V*7OHZL00:OHOIHa;VÛ:\TTHUNSP9VHK

8\L[[H 8\L[[H*HU[[8\L[[H
:V\[O 0))4HPU;YLUJO *OHTHU 2OH[VVUP5V2OHZYH5V 4HPU

9VHK*OHTHU ;YLUJO9VHK*OHTHU
5V *VKL
:V\[O 0))/HaHY.HUQP 8\L[[H :OVW5V ;Y\JR(KKH/HaHY.HUQP8\L[[H

8\L[[H
:V\[O 0))4HYRL[9VHK AOVI :OVW)LHYPUN5V) 5LHY70(6MMPJL4HYRL[9VHK

AOVI AOVI)HS\JOPZ[HU
:V\[O 0))2O\aKHY 2O\aKHY 2OHZYH5V 0U[HXHS5V5LHY

(S:H\KPH/V[LS9HIPH2O\aKHYP9VHK2O\aKHY)HS\JOPZ[HU
:V\[O 0)).^HKHY .^HKHY 2OHZYH5V2OL^H[5V 2OH[VVUP5V (PYWVY[

9VHK.H^HKHY)HS\JOPZ[HU
:V\[O 0))8\L[[H*HU[[ 8\L[[H :OVW5V1PUUHO:OVWWPUN*VTWSL_1PUUHO9VHK

8\L[[H 8\L[[H*HU[[8\L[[H
:V\[O 0))4HPU)HaHY 7HUQN\Y 0XIHS/HZZHU+VZ[4HYRL[4HPU)HaHY

*OP[RHU7HUQN\Y *OP[RHU+PZ[[7HUQN\Y
:V\[O 0))/\YHTaHP /\YHTaHP 2OL^H[5V2OH[VVUP5V 2OHZYH5V 8P[H[ZP[\H[LK
<UIHURLK H[4VOHS 4V\aH/\YHTaHP;HWWH.HSNaHP;LOZPS/\YHTaHP
+PZ[YPJ[7PZOPU
:V\[O 0))3VYHSHP 3VYHSHP :OVW

(4HPU)HaHY;LOZPS9VHK3VYHSHP
:V\[O 0))+LYH4\YHK +LYH4\YHK (IYV*OV^R5H[PVUHS/PNO^H`+LYH4\YHK1HTHSP

1HTHSP 1THSP
:V\[O 0));\YIH[ ;\YIH[ 2OL^H[

2OH[VVUP
(S:HSHT4HYRL[4HPU9VHK;\YIH[
:V\[O 0)):PIP :PIP :LYPHS5VVSK*PYJSL^HYK5V)SVJR5V)\PSKPUN

5VZP[\H[LKH[1PUUHO9VHK4HPU)HaHY:PIP

5V *VKL
c Faysal Bank

:V\[O 0));V\NOP9VHK 8\L[[H 2OHZYH5V ZP[\H[LKH[^HYK5V;HWWH<YIHU
8\L[[H 5V;LOZPS*P[`HUK+PZ[YPJ[8\L[[HPU[OL5HTLVM+VZ[
4\OHTTHKZVUVM/HQP9VOP4\OHTTHK
:V\[O 0))7HZUP 7HZUP 2OL^H[5V2OH[VVUP5V2OHZYH5V

:P[\H[LKH[4V\aH>HYK6YTHYP;LOZPS7HZUP+PZ[YPJ[.^HKLY
:V\[O 0))4\ZSPT)HNO 4\ZSPT)HNO 4VOHSSH7HYRHUKH2HYLLa4V\aH4\ZSPTIHNO;HWWH

ZHKKHY;LOZPS4\ZSPT)HNOKPZ[YPJ[RPSSH:HPM\SSHO
:V\[O 0))3VUKVU:[YLL[ 8\L[[H )LHYPUN5V2OHZYH5V ZP[\H[LKH[4VOHS 4V\aH
>HYK5V;HWWH\YIHU3PHX\H[)HaHY;LOZPS*P[`HUK
+PZ[YPJ[8\L[[H
:V\[O 0))*OHNOP<UIHURLK*OHNOP *OHNOP)HaHY;LOZPSYVHKTHZQPKL;VVIH*OV^R*OHNOP
:V\[O 0)):HKKHY /`KLYHIHK *):HKKHY/`KLYHIHK

/`KLYHIHK
:V\[O 0))4HYRL[9VHK /`KLYHIHK .YHUK4HYRL[7SV[

*: >HYK(4HYRL[
/`KLYHIHK 9VHK/`KLYHIHK
:V\[O 0))(\[V)OHU9VHK /`KLYHIHK 7SV[5V)SVJR¸)0¹/`KLYHIHK9HPS^H`,TWSV`LL

/`KLYHIHK *V6WLYH[P]L/V\ZPUN:VJPL[`3[K(\[V)OHU9VHK.PKK\
)\UKLY3H[PMHIHK/`KLYHIHK
:V\[O 0)).HYP2OH[H /`KLYHIHK 7SV[5V->HYK¸-¹2OVROHY4VOHSSHO:[H[PVU9VHK

/`KLYHIHK .HYP2OH[H/`KLYHIHK
:V\[O 0)):OHOKHKW\Y :OHOKHKW\Y 7SV[)LHYPUN*:5V>HYK(:[H[PVU9VHK:OHOKHKW\Y

+PZ[YPJ[:HUNOHY
5V *VKL
:V\[O 0))+(+< +HK\ 7SV[)LHYPUN*:5V>HYK):OHOHUP4VOHSSHO

4HPU*VSSLNL9VHK+HK\
:V\[O 0))*SV[O4HYRL[ /`KLYHIHK 7SV[5V*VTTLYJPHS:OLL[5V *P[`:\Y]L`5V

>HYK.+VTHU>HO9VHK5LHY*SV[O4HYRL[/`KLYHIHK
:V\[O 0))1HJVIHIHK 1HJVIHIHK :OVW5V 7YVWLY[`)LHYPUN*P]PS:\Y]L`

5V>HYK5V3HY>HO
1HJVIHIHK
:V\[O 0));HUKV(KHT ;HUKV(KHT .YV\UK-SVVY7HYR=PL^(WHY[TLU[*: >HYK+

6WWVZP[L.\SZOHUL:PKKPX\L7HYR0XIHS9VHK;HUKV
(KHT+PZ[[:HUNOHY
:V\[O 0))2OHPYW\Y4PYZ 2OHPYW\Y4PYZ .YV\UK-SVVY*:4\OHSSH(SP4\YHK5L^.V[O

2OHPYW\Y4PYZ;HS\RH+PZ[[2OHPYW\Y4PYZ
:V\[O 0)):HUNOHY :HUNOHY .YV\UKMSVVY*:5V>HYK(/V\ZPUN:VJPL[`

5H^HIZOHOYVHK:HUNOHY
:V\[O 0))4H[PHYP 4H[PHYP :\Y]L`5V4HPU)\Z:[HUK9VHK;HS\RH KPZ[YPJ[4H[PHYP
:V\[O 0))4PYW\Y2OHZ 4PYW\YROHZ *:5V>HYK(<TLYRV[9VHK;HS\RH

+PZ[YPJ[4PYW\YROHZ
:V\[O 0))/HSHUHRH /`KLYHIHK :\Y]L`5\TILY

HUKZP[\H[LKPU
+LO ;HWWH.\QQV;HS\RH*P[`+PZYPJ[/`KLYHIHK
:V\[O 0))3H[PMHIHK /`KLYHIHK :OVW5V )SVJR*<UP[5V=000:OHO3H[PMHIHK/`KLYHIHK
:V\[O 0))+HOHYRP +HOHYRP :\Y]L`5\TILYZP[\H[LKPU+LO+HOHYRP;HWWV+HOHYRP

;H\SRH+HOHYRP+PZ[YPJ[.OV[RP

5V *VKL
c Faysal Bank

:V\[O 0)))\UKHY9VHK :\RR\Y ))\UKHY9VHK:\RRHY
:\RR\Y
:V\[O 0))5H^HIZOHO 5H^HIZOHO *:5V>HYK)THPU4VOUP)HaHY5H^HIZOHO
:V\[O 0))+LO.HUQV;HRRHY/`KLYHIHK 7SV[5VZP[\H[LKH[+HTHUL2VOZHY/V\ZPUN

2VOZHY<UIHURLK ZJOLTLILHYPUN<UHZZLZZLK:\Y]L`5V0.HUQV;HRHY
;HS\RH3H[PMHIHK+PZ[YPJ[/`KLYHIHK
:V\[O 0))8HZPTHIHK /`KLYHIHK 7SV[5V)9:)PSHS=PSSHZ/V\ZPUN:JOLTL+LO

:HYP8HZPTHIHK/`KLYHIHK
:V\[O 0));HUKV(SSHO`HY ;HUKV(SSHO`HY :OVW*P[`:\Y]LÙV!:P[\H[LKPU/`KLYHIHK4PYW\YROHZ

9VHK¸*¹^HYK;HUKV(SSHO`HYKPZ[YPJ[;HUKV(SSHO`HY
:V\[O 0))2OPWYV 2OPWYV 7SV[

VWWVZP[L:OLSS7L[YVSW\TW4PYW\YOHZ9VHK2OPWYV

:V\[O 0));HUKV ;HUKV 7SV[UV*:5V))SVJR1PUUHO4HKPUH*P[`

4\OHTTHK2OHU 4\OHTTHK /V\ZPUN:JOLTL>HYK):\QH^HS9VHK;HUKV4\OHTTHK
2OHU 2OHU+PZ[YPJ[;HUKV4\OHTTHK2OHU
:V\[O 0))+/(7OHZL0 2HYHJOP 7SV[5V**VTTLYJPHS(YLHº)»7OHZL0

2HYHJOP
:V\[O 0))2OH`HIHUL 2HYHJOP *2OH`HIHUL:OHOIHa7OHZL=0+/(2HYHJOP

:OHOIHa2HYHJOPF9*
:V\[O 0))+/(7OHZL,_[ 2HYHJOP .YV\UK-SVVY7SV[

*:[*VTT:[YLL[+OH7O0P,_[2OP
:V\[O 0))2VYHUNP9VHK 2HYHJOP :WLLK`;V^LYZ 0 0P4HPU2VYHUNP9VHK7OHZL0

+/(0F9 +OH2HYHJOP
5V *VKL
:V\[O 0))*SPM[VU)SVJR 2HYHJOP :OV^YVVT5V)\PSKPUN5V+ .YV\UK-SVVY4HPU

.PaYP2HYHJOP *OH\KOY`2OHSPX<AHTHU9VHK*SPM[VU)SVJR 2HYHJOP
:V\[O 0)).\SZOHUL0XIHS 2HYHJOP 7SV[5V-S)SVJR2+(:JOLTL5V

.\SZOHUL0XIHS2HYHJOP
:V\[O 0)))PUVYPH:0;, 2HYHJOP 7SV[5V3*( :\Y]L`:OLL[5V73.YV\UK

2HYHJOP -SVVY:P[\H[LK([:PUKO0UK\Z[YPHS;YHKPUN,Z[H[L3PTP[LK2HYHJOP
:V\[O 0)))HOYPH;VÛ 2HYHJOP )HOYPH;VÛ7][3[K/LHK6MMPJL*\Z[VTLY:\WWVY[*LU[LY

2HYHJOP :\WLY/PNO^H`2HYHJOP
:V\[O 0))4VKLS*VSVU` 2HYHJOP .YV\UK-SVVY7SV[°5V :[YLL[5V4VKLS*VSVU`2HYHJOP

2HYHJOP
:V\[O 0))4HSPY*HU[[ 2HYHJOP *VTTLYJPHS7SV[5V:)HaHY(YLH4HSPY*HU[VUTLU[2HYHJOP

2HYHJOP
:V\[O 0)).\SZOHUL4H`THY 2HYHJOP 7SV[5V:I:LJ[VY?:\I:LJ[VY0=2+(:JOLTL

2HYHJOP .\SZOHU,4H`THY2HYHJOP
:V\[O 0)):LOLY*VTTLYJPHS 2HYHJOP :OVW /HSS5V7SV[5V**VTTLYJPHS(]LU\L:LOLY

2HYHJOP 3HUL7OHZL=00+/(2HYHJOP
:V\[O 0))AHPI\UUPZH:[YLL[2HYHJOP :OVW5V:\Y]L`5V:OLL[5V:)4HPUAHPI\UUPZH

:HKKHY2HYHJOP :[YLL[:HKKHY)HaHY8\HY[LYZ2HYHJOP
:V\[O 0))1PUUHO(]LU\L 2HYHJOP :OVW5V. ..YV\UK-SVVY:OHUaPS.VSM9LZPKLUJPH

4HSPY *VTTLYJPHS7SV[ILHYPUN5VZP[\H[LKH[+LO4LOYHU
;HWV.\QYV2+(:JOLTL5V+PZ[YPJ[4HSPY2HYHJOP
:V\[O 0)).\SPZ[HUL1VOHY 2HYHJOP :OVW5V (S-PaH;V^LY)SVJR

)SVJR2HYHJOP .\SPZ[HUL1H\OHY2HYHJOP

5V *VKL
c Faysal Bank

:V\[O 0)):HMVVYH.V[O 2HYHJOP :OVW5V[V.YV\UK-SVVY7SV[5V:) )SVJR
.\SPZ[HUL1H\OHY2+(:JOLTL5V2HYHJOP
:V\[O 0)).\SZOHU 2HYHJOP :OVW5V.YV\UK-SVVY:HUH(YJHKL7SV[5VA*

*OV^YHUNP )SVJR.\SZOHUL0XIHS2+(:JOLTL2HYHJOP
:V\[O 0))+/(7OHZL0= 2HYHJOP 7SV[5V*:\UZL[*VTTLYJPHS:[YLL[5V7OHZL0=

+OH2HYHJOP
:V\[O 0))+/(7OHZL=00 2HYHJOP 7SV[

*ROH`HIHULaHMMHY:OHOLLK+/(WOHZL=00
2HYHJOP L_[LUZPVU2HYHJOP
:V\[O 0)))HP[<S4\RHYYHT 2HYHJOP :OVW5V :HSLLT7SHaH-3ISVJR*

2HYHJOP )SVJR.\SZOHUL0XIHS2HYHJOP
:V\[O 0)).\SPZ[HUL1H\OHY2HYHJOP :OVW5V 9\MP3HRL+YP]L)SVJR2+(:JOLTL5V

2HYHJOP .\SPZ[HU,1VOHY2HYHJOP
:V\[O 0))(ZRHYP=2HYHJOP 2HYHJOP *VTTLYJPHS*LU[YL:LJ,(ZRHYP=2HYHJOP
:V\[O 0))*H[[SL*VSVU` 2HYHJOP 7SV[(*VTTLYJPHS(YLH3HUKOP*H[[SL*VSVU`2HYHJOP

2HYHJOP
:V\[O 0)).\SIHOHY 2HYHJOP 7SV[5V.OV\ZPH*VSVU`.VSPTHY2OP
:V\[O 0)):OHO-HPZHS 2HYHJOP 7SV[5V) 4HPU,SLJ[VYUPJ4HYRL[:OHO

-HPZHS*VSVU`5V2HYHJOP
:V\[O 0))(`LZOH4HUaPS 2HYHJOP :OVW5V .YV\UK-SVVY2VTHS*SHZZPJ7SV[5V*)SVJR

5V-LKLYHS)(YLH5LHY(`LZOH4HUaPS2HYHJOP7HRPZ[HU
:V\[O 0)):OLYZOHO 2HYHJOP .VKVÛ5V+ +7SV[5V+

:OLYZOHO2HYHJOP
5V *VKL
:V\[O 0))0ZOHXHIHK 2HYHJOP 7VY[PVU5V.7SV[5V*:\Y]L`H[+LO.\QYV;HWV

.OHYPIHIHK2HYHJOP :HUNHS0ZOHXHIHK.OHYPIHK3PHX\H[HIHK;VÛ2HYHJOP
:V\[O 0))(S/PSHS:VJPL[` 2HYHJOP :OVW5V()<R(WWHY[TLU[7SV[5V-3(5LHY

2HYHJOP (S/PSHS:VJPL[`)SVJR.\SZOHUL0XIHS2HYHJOP
:V\[O 0))3HUKOP 2HYHJOP 8\HY[LY5V :LJ[VY+3HUKOP;VÛ2HYHJOP

UV2HYHJOP
:V\[O 0)):OHYMHIHK 2HYHJOP :OVW5V (S/HYHT;V^LY1HTHS<KKPU(MNOHUP9VHK

)TJOZ:OHYMHIHK2HYHJOP
:V\[O 0))+OVYHQP2HYHJOP 2HYHJOP :OVW5V.;V.;HSOH(YJHKL7SV[

)SVJR
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:V\[O 0))9HZOPK 2HYHJOP 7SV[

(S4\ZH]]PY*YVÛ)SVJR(2+(:JO

4PUOHZ9VHK .\SZOHUL0XIHS2HYHJOP
:V\[O 0))6YHUNP;VÛ 2HYHJOP :OVW5V*VTTLYJPHS7SV[:LJ[VY5V,6YHUNP

2HYHJOP ;VÛZOPW2HYHJOP
:V\[O 0)):VSKPLY)HaHY 2HYHJOP :OVW5V .YV\UKMSVVY/HZUHPU/LPNO[Z*VTTLYJPHSWSV[Z

2HYHJOP :\Y]L`5V:63) :63):VSKPLY)HaHY
8\HY[LYZ2HYHJOP
:V\[O 0)))HSKPH;VÛ 2HYHJOP .YV\UKMSVVYWSV[5V(6SK5V(:LJ[VY.

2HYHJOP :HLLKHIHK)HSKPH2HYHJOP
:V\[O 0)):[VJR,_JOHUNL 2HYHJOP 6MMPJL5V Z[-SVVY5LHY*LU[YHS+LWVZP[VY`

2HYHJOP *VTWHU` :HSPT2HYTHUP:LJ\YP[PLZ5L^:[VJR,_JOHUNL
)\PKPUN2HYHJOP

5V *VKL
c Faysal Bank

:V\[O 0)).\SZOHUL/HKLLK 2HYHJOP 7SV[5V*:\I:LJ[VY*0.\SZOHUL/HKLLK
2HYHJOP /V\ZPUN7YVQLJ[7OHZL0:[LLS;VÛ)PU8HZPT2HYHJOP
:V\[O 0))*P[P;V^LY 2HYHJOP :OV^YVVT5V.YV\UK-SVVY*P[P;V^LYZ*VTTLYJPHS7SV[

5\YZLY`2HYHJOP 5V(:\Y]L`:OLL[5V7)SVJR7,*/:2HYHJOP
:V\[O 0));HYPX9VHK2HYHJOP 2HYHJOP :OVW5V 7SV[5V *)SVJR4HPU;HYPX9VHK2HYHJOP
:V\[O 0))>LZ[>OHYM 2HYHJOP .YV\UK-SVVY7SV[5V>HYLOV\ZL(YLH>LZ[

2HYHJOP >OHYM2HYHJOP
:V\[O 0));Y\JR:[HUK 2HYHJOP 7SV[5V *.YV\UK-SVVY*H[LNVY`º(»5L^;Y\JR:[HUK

2HYHJOP /H^RZIH`9VHK2LHTHYP;VÛ2HYHJOP
:V\[O 0))7SHaH8\HY[LYZ 2HYHJOP 7SV[:\Y]L`5V :\Y]L`:OLL[795V

2HYHJOP :OLL[,.YLLU:[YLL[7YLLK`8\HY[LYZ2HYHJOP
:V\[O 0))1VKPH)HaHY 2HYHJOP 7SV[5V490P)4HYRL[8\HY[LY)VS[VU4HYRL[2HYHJOP
:V\[O 0))4VPU:[LLS 2HYHJOP :OVW5V.YV\UK-SVVY:\Y]LY`5V:\Y]L`:OLL[5V9*0

4HYRL[2HYHJOP 4VPU:[LLS4HYRL[9HUJOVYL8\HY[LYZ2HYHJOP
:V\[O 0)).OHUP*OV^YHUNP 2HYHJOP :OV^YVVT5V 7SV[5V,(:0;,:\Y]L`:OLL[

2HYHJOP 5V:\Y]L`:OLL[5V73.OHUP*OV^YHUNP
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2HYHJOP Z\Y]L`5V:OLL[5V3,(4\UPJPWHS:\Y]L`5V:OLL[
2(3,(8\HY[LYZ2HYHJOP
:V\[O 0))3PNO[/V\ZL 2HYHJOP :OVW

1HOHUNPY4HUZPVU7SV[
:OLL[5V>6
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Code of Conduct
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Notes
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Chairman’s Message 02

Faysal Bank Financials (Unconsolidated)

Faysal Bank Financials (Consolidated)

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Our Professionalism: Our Competence

From Left to Right Front:

Annual Report 2019 | 

Key Positions Held:

• Founding Member of PAPCO (Pak Arab Pipeline

• Director General of Civil Aviation Authority of Pakistan

• Chairman of Oil and Gas Development Company Limited

• Chairman of LEADS Pakistan

• Founding Member of Pakistan Human Development Fund

• Member of the Economic Advisory Council, Ministry of

Mr. Ahmed Abdulrahim holds an MBA from the

Ahmed Abdulrahim is the Chief Executive Officer of

Ahmed Abdulrahim held the dual roles of Deputy Chief

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He has been with Faysal Bank since August 2008.

Under his leadership, the Bank has embarked upon a

Mr. Ali Munir has a BA degree from Government

Annual Report 2019 | 

Mr. Abdulelah AlQasimi has more than 38 years of

He is currently a Chairman of Ithmaar Dilmunia General

Abdulelah AlQasimi holds a BSc in Civil Engineering

His career over the earlier 43 years has provided him

Hashimi’s other appointments include board directorships of

Annual Report 2019 | 

Mr. Imtiaz Ahmad Pervez has work experience of more

Mr. Juma Hasan Ali Abul is a fellow member of the

Key Positions Held:

• Certified Director from the Pakistan Institute of

• Bachelor Degree in Accounting, Cairo (1980).

• Executive General Manager, Ithmaar Bank BSC,

• General Manager MFAI (Jersey) (2000 – 2010), then (2013

• Executive Senior Manager, Shamil Bank of Bahrain BSC

• Board Memberships : Faysal Bank, Pakistan; CITIC

• Worked with Touché Ross, London (now Deloitte),

• Lead restructuring of Group institutions as well as

Annual Report 2019 | 

He was on the Board of Directors of Meezan Bank

Mian Younis served in the Public Sector for a long

Mr. Abdulla Abdulaziz Ali Taleb has more than 18 years

Abdulla Taleb has a Bachelors Degree in Banking &

Annual Report 2019 | 

Board Audit & Corporate Governance Committee

Board Risk Management Committee

Board Recruitment Nomination and Remuneration Committee

Board Strategy Committee

Syed Majid Ali Chief Financial Officer

Annual Report 2019 | 

Attended by / Meeting Date 21-02-19 28-03-19 25-04-19 22-08-19 24-10-19 26-12-19

Farooq Rahmatullah Khan

Mian Muhammad Younis

Juma Hasan Ali Abul

Imtiaz Ahmad Pervez

Abdulla Abdulaziz Ali Taleb

Fuad Azim Hashimi

Attended by / Meeting Date 19-02-19 24-04-19 21-08-19 23-10-19 27-12-19

Mian Muhammad Younis

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