The words fakirs, fakers sound the same but have different meanings and spellings. Why do fakirs, fakers sound the same even though they are completely different words?
The answer is simple: fakirs, fakers are homophones of the English language.
Plural form of faker.
Plural form of fakir.
Definitions from Wiktionary, Creative Commons Attribution/Share-Alike License and Wordnik.
Homophones (literally "same sound") are usually defined as words that share the same pronunciation, regardless of how they are spelled.