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Faysal Bank (FBL), a leading Islamic bank in Pakistan, has entered into a groundbreaking partnership with DataCheck, marking the industry’s inaugural collaboration for the “Hosted Decision Engine,” licensed by Qarar. The bank aims to elevate process efficiency within the consumer digital lending sector by implementing advanced credit-scoring techniques, facilitating instant decision-making.

The official signing ceremony transpired at FaysalBank’s Head Office, attended by key figures including Mr. Yousaf Hussain, President and CEO of FBL, Mr. Raheel Ijaz, Chief Operating Officer of FBL, Mr. Tariq Jan, CEO of DataCheck, Mr. Zaid Kamhawi, CEO of Qarar, and other senior management representatives from the three entities.

Expressing his sentiments, Mr. Yousaf Hussain, President & CEO of FBL, conveyed, “We are honored to collaborate with DataCheck and Qarar for this pioneering initiative. By combining the strengths of industry peers, our objective is to deliver exceptional customer experiences, harnessing the latest advancements in ‘Automated Credit Decisioning’ technology. At FBL, we aspire to provide an inclusive and dynamic banking experience. We are confident that this collaboration will play a pivotal role in expanding the digital lending ecosystem in Pakistan.”

Read Also: Islamic Banking Industry in pakistan: 22% Asset Surge in Q3 with deposit Crossing Rs6 Trillion Mark

Highlighting the significance of data-driven decision-making, Tariq Jan, CEO of DataCheck, remarked, “We are thrilled to partner with Qarar in hosting a much-needed credit decisioning solution for the industry, with FBL leading the way. This comprehensive solution, managed by DataCheck and Qarar’s teams


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