KARACHI: BankIslami and Export-Import Bank of Pakistan (EXIM Bank) have signed a Memorandum of Understanding (MoU) to introduce Pakistan’s first Shariah-compliant trade and export finance partnership. The initiative is aimed at strengthening the country’s trade finance framework while expanding access to Riba-free financial solutions for businesses and exporters nationwide.
The partnership will focus on several key areas, including export credit insurance, credit risk management, digital trade finance solutions, and capacity building. Through this collaboration, both institutions aim to improve access to Islamic trade finance and support the continued growth of Pakistan’s export sector.
The MoU was signed by Rizwan Ata and Shahbaz H. Syed in the presence of senior representatives from both organizations. Officials from BankIslami and EXIM Bank attended the signing ceremony, highlighting the significance of the partnership for Pakistan’s financial and trade landscape.
Speaking on the occasion, Rizwan Ata said that strengthening Pakistan’s trade and export sector is essential for economic development. He stated that the collaboration would help bridge the gap in Islamic trade finance and ensure that Shariah-compliant financial solutions become more accessible to the wider business community across the country.
He further added that the partnership reflects a shared commitment to expanding Pakistan’s export footprint while promoting a financial system based on Islamic principles and free from Riba.
Meanwhile, Shahbaz H. Syed said Pakistan’s export sector holds tremendous potential and emphasized that strategic partnerships are necessary to unlock sustainable growth. He noted that the collaboration combines EXIM Bank’s trade finance expertise with BankIslami’s Islamic banking framework to create effective and accessible solutions for exporters.
The partnership reflects the joint commitment of both institutions to building a robust, inclusive, and Riba-free financial ecosystem that empowers businesses, supports exporters, and contributes to Pakistan’s long-term trade ambitions.