Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has signed a Memorandum of Understanding (MoU) with Waseela Pakistan, an operator of integrated agricultural ecosystems, to facilitate fast-track, Shariah-compliant financing for farmers across the country. The partnership aims to support farmers in meeting their agricultural production needs through accessible and efficient financial solutions.
The collaboration is designed to provide timely and hassle-free financing by leveraging digitally enabled systems, helping farmers reduce their reliance on traditional intermediaries. By streamlining access to capital, the initiative seeks to promote financial inclusion and strengthen Pakistan’s agricultural sector.
Under the agreement, financing will be offered through the Electronic Warehouse Receipt (EWR) framework. This mechanism enhances transparency, efficiency, and risk management across the agricultural value chain by allowing farmers to use stored produce as collateral. The framework is expected to help farmers secure better value for their crops while maintaining liquidity.
By combining Faysal Bank’s expertise in Shariah-compliant banking with Waseela Pakistan’s on-ground farmer networks, data insights, and physical service infrastructure, the partnership aims to create a more structured and transparent agricultural financing ecosystem. The initiative is expected to improve productivity, encourage sustainability, and support long-term economic growth.
Commenting on the development, Mr. Yousaf Hussain, President & CEO of Faysal Bank, said that agriculture remains the backbone of Pakistan’s economy and that timely, Shariah-compliant financing is essential for sustainable growth. He added that the partnership reflects the bank’s commitment to inclusive Islamic banking solutions that are transparent, efficient, and aligned with real economic activity.
Ms. Tania Aidrus, CEO of Waseela Pakistan, stated that the organization’s focus has always been on building trusted, last-mile ecosystems for farmers by linking finance to traceability, data, and on-ground engagement. She noted that partnering with Faysal Bank will help scale responsible, Shariah-compliant financial access for farmers who have long remained underserved by the formal financial system.