MCB Islamic, AICL-WTO Launch Free Takaful
February 13, 2026
Faysal Bank and Waseela sign MoU to deliver Shariah-compliant, digital financing for farmers under the Electronic Warehouse Receipt framework, enhancing transparency, efficiency, and inclusion.
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Faysal Bank Ltd has signed a memorandum of understanding (MoU) with Waseela Pakistan to provide fast-track, Shariah-compliant financing solutions for farmers, marking a significant step toward strengthening Pakistan’s agricultural sector. The partnership aims to reduce farmers’ reliance on middlemen by offering quick, hassle-free access to finance through digital platforms.
The financing will be delivered under the Electronic Warehouse Receipt framework, which enhances transparency, efficiency, and risk management across the agricultural supply chain. By combining Faysal Bank’s expertise in Islamic finance with Waseela’s farmer networks and on-ground support, the initiative seeks to improve access to credit, boost productivity, and promote financial inclusion.
“Agriculture is important for Pakistan’s economy and requires timely, Shariah-compliant financing for sustainable growth,” said Yousaf Hussain, President and CEO of Faysal Bank. Tania Aidrus, CEO of Waseela Pakistan, added: “This partnership will help expand responsible financial access to farmers who have long been underserved by the formal banking system.”
The collaboration underscores a shared commitment to empowering farmers with modern financial tools, ensuring they can meet agricultural needs more effectively while contributing to national economic resilience.
