KARACHI: Faysal Bank Limited (FBL) and Waseela Pakistan have signed a memorandum of understanding (MoU) to facilitate fast-track, Sharia-compliant financing for farmers to meet their agricultural production needs, a press release said.
The strategic collaboration aims to enable timely and hassle-free access to financing through digitally supported financial solutions, while reducing farmers’ reliance on traditional intermediaries. The financing facility will be extended under the electronic warehouse receipt (EWR) framework, promoting transparency, efficiency and improved risk management across the agricultural value chain.
By combining FBL’s expertise in Shariah-compliant financing with Waseela Pakistan’s on-ground farmer ecosystems, data insights and physical service infrastructure, the partnership seeks to ensure faster, more transparent access to finance within defined agricultural ecosystems -- supporting productivity, sustainability and financial inclusion.
“Agriculture remains the backbone of Pakistan’s economy, and access to timely, Sharia-compliant financing is critical for its sustainable growth,” said Yousaf Hussain, president and CEO of Faysal Bank.
“Together with Waseela Pakistan, we aim to strengthen the agricultural ecosystem and support farmers where it matters most.”
Tania Aidrus, CEO of Waseela Pakistan, said, “Our focus has always been on building trusted, last-mile ecosystems for farmers by linking finance to traceability, data, and on-ground engagement. Partnering with Faysal Bank allows us to scale responsible, Sharia-compliant financial access for farmers who have long remained underserved by the formal financial system.”
