REDC Conducts ‘Leading Business Transformation’ Programme for Faysal Bank
Faysal Bank Limited (FBL) is in the process of converting its operations from conventional banking to Riba free Islamic banking. Presently, FBL’s Islamic branches account for nearly 97% of its total network which spans 600+ branches and is on track to reaching 100 per cent conversion in the near future. This conversion is a landmark achievement and is an example for other banks planning to follow the same track.
In order to empower, enable and facilitate the Bank to complete and sustain its conversion from a conventional bank to an Islamic bank, a customised programme, ‘Leading Business Transformation’ was organised at the Rausing Executive Development Centre (REDC), LUMS from June 8- 11, 2022.
Directed by Dr. Jamshed Khan and Dr. Jawad Syed, the programme was attended by senior members of FBL with the aim to address the challenges of a continued strategic overhaul from a conventional banking system to Islamic banking. Using examples of successful organisations to analyse ownership, hindrances and challenges for achieving organisational transformation, the programme reinforced Faysal Bank’s vision of transforming into a customer focused Islamic bank.
President and CEO Faysal Bank, Yousaf Hussain appreciated the efforts of REDC and the programme directors for their effort. “I am impressed by the value added, comprehensive and enriching four days training provided by the seasoned faculty. Thank you for your support. The takeaways will serve as a roadmap for all of us and help sustain and further improve our customer value proposition,” said Mr. Hussain.