Tag: Islamic finance

The Institute of Cost and Management Accountants of Pakistan highlights X8X Token and OneGram as reliable Sharia compliant digital assets for ethical investing.

Faysal Bank and Waseela Pakistan sign MoU to offer fast-track Shariah-compliant financing via digital solutions under Electronic Warehouse Receipt framework, enhancing financial inclusion for farmers.

Karandaaz Pakistan partners with Walee Financial Services to introduce Khudmukhtar Khatoon, Pakistan’s first Shariah-compliant digital asset financing program designed exclusively for women entrepreneurs, aiming to enhance financial inclusion and empower women-led businesses through accessible and ethical finance.

The Securities and Exchange Commission of Pakistan (SECP) has certified Walee Financial Services as a fully Shariah-compliant Non-Banking Financial Company (NBFC), marking a landmark achievement for Pakistan’s Islamic fintech ecosystem.

Karandaaz Pakistan and Walee Financial Services have launched Khudmukhtar Khatoon, Pakistan’s first Shariah-compliant digital asset-financing solution designed exclusively for women entrepreneurs, promoting inclusive access to finance and empowering women-led businesses nationwide.

Meezan Bank has signed an MoU with VizPro (Pvt.) Ltd. to introduce Pakistan’s first Shariah-compliant Digital Supply Chain Financing (DSCF) solution, enabling retailers and merchants to access Islamic financing through a fully digital platform, advancing financial inclusion and SME empowerment.

Faysal Bank Limited and EFU Life Assurance Ltd have launched two innovative Takaful products, the EFU Takaful Zenith Plan and EFU Takaful WIN FitCover Plan — to promote financial growth, protection, and wellbeing for customers seeking Shariah-compliant solutions.

Swich has entered into a strategic partnership with Pak-Qatar Group to enhance collaboration in digital innovation and financial technology, marking a new milestone in Pakistan’s fintech ecosystem.

Remittances through the Roshan Digital Account crossed $10.7 billion by July 2025, supported by strong overseas investments and robust debt auction participation, while the rupee and gold markets reflected mixed trends.

InfraZamin Pakistan, Sunridge Foods, and BankIslami have launched Pakistan’s first fully subscribed Agri-Infrastructure Sukuk worth PKR 2 billion at a PSX gong ceremony. This AAA-rated, Shariah-compliant issuance aims to boost agricultural modernization and sustainable infrastructure development through capital market innovation.

Binance introduces Sharia Earn, a certified Sharia-compliant staking platform, opening halal crypto investing to Muslim markets across Asia, the Middle East, and beyond.

Binance introduces Sharia Earn, a certified Sharia-compliant staking platform, opening halal crypto investing to Muslim markets across Asia, the Middle East, and beyond.