BankIslami and the Export-Import Bank of Pakistan (EXIM Bank) have signed a Memorandum of Understanding (MoU) to launch Pakistan’s first Shariah-compliant trade and export finance partnership. The agreement aims to strengthen the country’s trade finance sector while expanding access to Riba-free financial solutions for exporters nationwide.
The partnership will focus on several key areas, including export credit insurance, credit risk management, digital financial solutions, and capacity building. Both institutions aim to support Pakistani exporters by creating an Islamic finance framework that promotes trade growth while adhering to Shariah principles.
The MoU was signed by BankIslami President and CEO Rizwan Ata and EXIM Bank President and CEO Shahbaz H. Syed, alongside senior representatives from both organizations.
Speaking at the signing ceremony, Rizwan Ata said the collaboration reflects a shared commitment to supporting Pakistan’s trade and export sector through accessible Riba-free financing solutions. He added that the partnership seeks to strengthen the country’s export footprint while promoting Islamic banking practices.
Shahbaz H. Syed stated that Pakistan’s export industry holds significant potential, and the partnership combines EXIM Bank’s expertise in trade finance with BankIslami’s Shariah-compliant banking framework to deliver effective financial solutions for exporters.
Both institutions said the collaboration represents a step toward building a stronger, more inclusive, and Islamic financial ecosystem that supports businesses and contributes to Pakistan’s economic and trade ambitions.
