KARACHI: BankIslami Pakistan Limited and the Export-Import Bank of Pakistan (EXIM Bank) have signed Pakistan’s first Shariah-compliant trade and export finance partnership, marking a major development in the country’s Islamic banking and export financing landscape.
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The collaboration aims to strengthen Pakistan’s trade finance ecosystem by expanding access to Riba-free financial solutions for exporters and businesses across the country. Under the Memorandum of Understanding (MoU), both institutions will work together on initiatives related to export credit insurance, credit risk management, digital trade solutions and capacity building.
The MoU was signed by Rizwan Ata, President and CEO of BankIslami, and Shahbaz H. Syed, President and CEO of EXIM Bank, in the presence of senior leadership teams from both organisations.
Officials stated that the partnership is designed to reshape how Pakistani exporters access trade finance while ensuring compliance with Islamic financial principles. The initiative also seeks to support the country’s broader export growth ambitions through innovative and accessible Shariah-compliant financing structures.
Speaking on the occasion, BankIslami leadership highlighted the importance of strengthening Pakistan’s export sector through ethical and interest-free financial solutions. EXIM Bank officials noted that the collaboration combines the institution’s trade finance expertise with BankIslami’s Islamic banking framework to deliver practical financing tools for exporters.
Industry experts view the agreement as a significant milestone for Pakistan’s Islamic finance sector, particularly as demand grows for Shariah-compliant corporate and trade financing products. The partnership is also expected to improve financial inclusion for businesses seeking Islamic alternatives to conventional export financing.
BankIslami is among Pakistan’s leading Islamic banks, offering a wide range of Shariah-compliant retail, corporate and trade finance products, while EXIM Bank serves as the country’s official export credit agency focused on promoting exports and international trade competitiveness.
