BankIslami has signed a Memorandum of Understanding (MoU) with the Export-Import Bank of Pakistan (EXIM Bank) to establish Pakistan’s first Shariah-compliant trade and export finance partnership. This collaboration aims to enhance the trade finance framework and provide Riba-free financial solutions for Pakistani exporters.

The MoU, signed by Rizwan Ata (BankIslami) and Shahbaz H. Syed (EXIM Bank), focuses on export credit insurance, credit risk management, digital solutions, and capacity building, all aimed at strengthening the country’s export ecosystem. Rizwan Ata emphasized the importance of making Riba-free trade finance accessible to the broader business community.

Shahbaz H. Syed highlighted the partnership’s potential to unlock opportunities in Pakistan’s export sector, combining EXIM Bank’s expertise with BankIslami’s Shariah-compliant solutions. Together, they are committed to building a robust and inclusive financial ecosystem that aligns with Islamic finance principles.