BankIslami and EXIM Bank Sign Pakistan’s First Shariah-Compliant Trade and Export Finance Partnership

Related Articles

L’Oréal Pakistan Advances Local Capability Through Strategic Raw Material Localization

2 hours ago

ASA Microfinance Bank, Avanza Solutions Team Up for Digital Banking Expansion

5 hours ago

KCCI, China’s IBI Group Sign MoU to Boost Digital Economy Cooperation

5 hours ago

KARACHI, May 14, 2026: BankIslami, one of Pakistan’s fastest-growing Islamic financial institutions, signed a Memorandum of Understanding (MoU) with the Export-Import Bank of Pakistan (EXIM Bank). With this step, both institutions launched Pakistan’s first Shariah-compliant trade and export finance partnership of its kind. Moreover, the collaboration aims to strengthen the country’s trade finance framework and expand access to Riba-free financial solutions.

Under this agreement, both banks will reshape how exporters access trade finance. They will also build a joint framework covering export credit insurance, credit risk management, digital solutions, and capacity building. In addition, the partnership focuses on embedding Riba-free solutions into Pakistan’s export ecosystem and expanding the trade footprint of both institutions.

BankIslami President & CEO Rizwan Ata and EXIM Bank President & CEO Shahbaz H. Syed signed the MoU. Several senior executives from both institutions also attended the ceremony, including teams from treasury, wholesale banking, and operations.

Speaking on the occasion, Rizwan Ata said Pakistan’s trade and export sector remains a national priority. Therefore, BankIslami aims to improve access to Riba-free trade finance across the country. He further added that the partnership with EXIM Bank supports both export growth and Islamic finance principles.

Similarly, Shahbaz H. Syed highlighted Pakistan’s strong export potential. He noted that EXIM Bank will help unlock this potential through strategic partnerships. He also said the collaboration combines EXIM Bank’s trade finance expertise with BankIslami’s Shariah-compliant framework to deliver practical solutions for exporters.

Overall, both institutions reaffirmed their commitment to building a stronger, more inclusive, and Riba-free financial ecosystem. Ultimately, they aim to support businesses, strengthen exports, and align financial growth with Islamic banking principles.