In a landmark collaboration set to redefine SME finance in Pakistan, Raqami Islamic Digital Bank, the country’s first fully Shariah-compliant digital bank, has partnered with leading B2B fintech Haball to introduce embedded, Islamic supply chain financing solutions tailored to the needs of small and medium enterprises.
This partnership brings Shariah-compliant financing directly into the supply chain workflows of corporates, allowing SMEs to access collateral-free liquidity based on receivables and purchase orders—without the complexity of traditional loan processes or asset pledging. The innovative approach promises to transform the financial accessibility landscape for Pakistan’s SMEs, who despite contributing over 40% to the national GDP, remain largely underserved by conventional finance.
By integrating financing within ERP systems, anchor-led ecosystems, and distributor networks, Raqami and Haball are streamlining access to working capital in real time. The offering includes end-to-end digital onboarding, Murabaha-based structures for purchase orders, and instant disbursements through Islamic financing rails. AI-driven credit assessments based on cash flows and transaction history further remove barriers for SMEs, replacing outdated scoring models and paperwork-intensive processes.
“Our mission at Raqami is to reimagine Islamic banking through innovation,” said Umair Aijaz, CEO of Raqami Islamic Digital Bank. “This partnership with Haball enables us to bring Shariah-compliant embedded finance to the very heart of Pakistan’s supply chains—empowering SMEs to enjoy real, tangible access to capital and growth, without compromising their values.”
Omer Bin Ahsan, Founder & CEO of Haball, added: “At Haball, we’ve always believed that the future of finance lies in embedded, contextual offerings. By partnering with Raqami, we are embedding Islamic finance into the transactional core of the existing SME ecosystem—democratizing access to capital and accelerating supply chain transparency.”
The initiative is directly aligned with the State Bank of Pakistan’s financial inclusion goals and marks a breakthrough in Islamic fintech innovation. With full audit trails, real-time exposure tracking, and compliance-ready tools, this model ensures transparency and control for both financiers and anchor businesses.
As Pakistan’s digital economy continues to expand, this partnership not only provides a timely solution for SME liquidity gaps but also sets a precedent for scalable, values-driven digital finance.
