Pakistan IT Exports Near Record $4.5 Billion Mark
May 15, 2026
BankIslami and EXIM Bank join forces to introduce Pakistan’s first Shariah-compliant trade finance partnership for exporters.
BankIslami and Export-Import Bank of Pakistan have signed a Memorandum of Understanding (MoU) to establish Pakistan’s first Shariah-compliant trade and export finance partnership. The collaboration is designed to strengthen the country’s trade finance ecosystem while expanding access to Riba-free financial solutions for exporters and businesses nationwide.
Under the agreement, both institutions will jointly develop frameworks focused on export credit insurance, credit risk management, digital financial solutions, and capacity building. The partnership also aims to make Islamic trade finance more accessible and reinforce Pakistan’s export sector through inclusive and Shariah-aligned banking services.
The MoU was signed by Rizwan Ata and Shahbaz H. Syed in the presence of senior executives from both organizations. Representatives from treasury, wholesale banking, operations, and regional management attended the signing ceremony as both institutions outlined plans to deepen collaboration in trade finance initiatives.
Speaking at the event, Rizwan Ata said, “Strengthening Pakistan’s trade and export sector is a national imperative and we are pleased to play our role in it.” He added that the collaboration seeks to bridge gaps in the market and ensure broader access to Riba-free trade finance solutions for businesses across Pakistan.
Shahbaz H. Syed emphasized the untapped potential within Pakistan’s export industry and highlighted the importance of strategic partnerships in unlocking growth opportunities. “Our collaboration with BankIslami brings together EXIM Bank’s trade finance expertise and BankIslami’s Shariah-compliant framework to create solutions that are both effective and accessible for Pakistani exporters.” he said.
Both institutions stated that the partnership reflects a shared commitment to building a more inclusive and resilient financial ecosystem rooted in Islamic banking principles. The initiative is expected to support exporters, strengthen trade financing mechanisms, and contribute to Pakistan’s broader economic and export ambitions.
