During the Galactic War between the Republic and the reconstituted Sith Empire, the planet was at the brink of an ice age which consequently caused for strange illuminescent crystals to form in the upper atmosphere.
The planet was part of the Galactic Republic, owned by the Corporate Alliance. When the Clone Wars broke out, it joined the Confederacy of Independent Systems. Following the conflict, the Galactic Empire occupied Fakir. Some of the Empire's wealth was stored there.