Faysal Islami Launches Pakistan’s First-Ever Shariah-Compliant Credit Card Alternative

Faysal Bank Limited, Pakistan’s fastest-growing Islamic Bank, has launched ‘Noor’ Card – a Shariah-compliant alternative to conventional credit cards – powered by Mastercard

This move will facilitate its Islamic banking consumers with a range of benefits and Halal offers.

Taking the different needs of their customers into account, the Faysal Islami Noor card is available across several variants, from Platinum to Titanium, with each providing different levels of added benefits and features to cardholders for exclusive shopping, dining, and travel experiences.

Inching closer on its journey to complete Islamic conversion, Faysal Islami Noor is Pakistan’s first Islamic card based on Shariah principle of Tawarruq with 3D Secure, contactless payment and transaction services, leading its consumers to a hallway of premium Islamic lifestyle while also keeping their convenience of everyday life in check.

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Commenting on this achievement of another milestone, Tahir Yaqoob Bhatti, Faysal Bank’s Head of Retail Banking, said, “The launch of Faysal Islami Noor card reaffirms our commitment to achieving leadership in providing Shariah-compliant financial and payment services to our customers.”

He added, “The launch of ‘Noor’ sets sail to a trailblazing initiative to the Bank’s credit, transforming the experience of Islamic banking customers. Now, Noor Card customers can use this Shariah compliant card with complete satisfaction and peace of mind, availing a range of distinct reward systems and premium benefits within the strict umbrella of Shariah compliant banking practices and principles.”

Faysal Bank’s footprint now spreads over more than 200 cities with a network of over 575 (including more than 500 Islamic) branches. Faysal Bank is a significant player in Pakistan’s banking industry and is recognized as the Best Emerging Bank 2020 of the country.