Karachi, May 14, 2026: BankIslami Pakistan Limited and EXIM Bank of Pakistan have signed a Memorandum of Understanding (MoU) to establish Pakistan’s first Shariah-compliant trade and export finance partnership of its kind. The collaboration aims to strengthen the country’s trade finance framework while expanding access to Riba-free financial solutions for exporters across Pakistan.
The partnership is designed to transform how Pakistani exporters access trade finance by creating a framework covering export credit insurance, credit risk management, digital solutions, and capacity building. Both institutions aim to place Riba-free solutions at the center of Pakistan’s export ecosystem while enhancing the trade footprint of the two organizations.
The MoU was signed by Rizwan Ata and Shahbaz H. Syed. Senior executives from both institutions were also present during the signing ceremony, including representatives from treasury, wholesale banking, operations, and regional business management divisions.
Speaking on the occasion, Rizwan Ata said strengthening Pakistan’s trade and export sector is a national priority and emphasized BankIslami’s commitment to making Riba-free trade finance accessible to the broader business community. He noted that the partnership with EXIM Bank reflects a shared commitment to expanding Pakistan’s export footprint while ensuring compliance with Islamic finance principles.
Shahbaz H. Syed stated that Pakistan’s export sector holds significant untapped potential and said EXIM Bank remains focused on unlocking growth opportunities through strategic partnerships. He added that combining EXIM Bank’s trade finance expertise with BankIslami’s Shariah-compliant framework would help create accessible and effective financial solutions for Pakistani exporters.
The collaboration reflects the shared vision of both institutions to build a more inclusive, resilient, and Riba-free financial ecosystem that supports businesses, strengthens Pakistan’s export ambitions, and promotes Islamic finance across the country.