Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has entered into a Memorandum of Understanding (MoU) with Waseela Pakistan, an operator of integrated agricultural ecosystems, to provide fast-track, Shariah-compliant financing solutions for farmers across the country.
The partnership is designed to ensure timely and seamless access to agricultural financing through digitally enabled financial services. By reducing farmers’ dependence on traditional intermediaries, the collaboration aims to improve efficiency and transparency in the agricultural value chain. Financing will be offered under the Electronic Warehouse Receipt (EWR) framework, supporting better risk management and structured lending practices.
Through this agreement, Faysal Bank will bring its expertise in Islamic banking and Shariah-compliant financing, while Waseela Pakistan will contribute its on-ground farmer networks, data-driven insights, and physical service infrastructure. Together, the two organizations intend to facilitate quicker and more transparent access to funding within organized agricultural ecosystems, enhancing productivity, sustainability, and financial inclusion.
Commenting on the initiative, Yousaf Hussain, President and CEO of Faysal Bank, stated that agriculture remains a cornerstone of Pakistan’s economy and that access to timely Islamic financing is essential for its long-term growth. He noted that the collaboration reflects the bank’s commitment to inclusive, transparent, and real-economy-driven Islamic financial solutions aimed at strengthening the agricultural sector.
Tania Aidrus, CEO of Waseela Pakistan, emphasized that the organization’s mission is to build trusted, last-mile ecosystems for farmers by integrating finance with traceability, data, and on-ground engagement. She added that partnering with Faysal Bank will enable the scaling of responsible, Shariah-compliant financial services for farmers who have historically remained underserved by the formal banking system.
