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KARACHI, September 3, 2026: BankIslami has launched Pakistan’s first Shariah-compliant Gold-Based Financing facility, allowing customers to obtain financing against their gold assets without interest.
The new facility enables customers to access financing of up to PKR 5 million, with flexible repayment tenures of up to four years. The initiative is aimed at expanding access to Islamic financial solutions and providing customers with a secure, asset-backed financing option.
The financing structure is based on Musawamah, a Shariah-compliant sale mechanism. Under this structure, customers can use their gold assets to meet their financing needs while keeping the transaction aligned with Islamic banking principles.
With the launch, BankIslami becomes the first Islamic bank in Pakistan to offer Shariah-compliant financing against gold. The facility provides customers with a Riba-free financing option while making greater use of gold assets as a source of liquidity.
The new product also strengthens BankIslami’s retail financing portfolio and supports its broader focus on financial inclusion and customer-focused innovation.
According to the bank, the initiative is part of its efforts to make Islamic banking more accessible to customers across Pakistan by offering financing solutions designed around their financial needs.
BankIslami said the launch further reflects its commitment to its vision of “Saving Humanity from Riba” and expanding access to Shariah-compliant financial services.
