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October 9, 2026
Kissan Gudam and aik by BankIslami have launched KissanPay, Pakistan’s first Shariah-compliant agri-fintech platform, enabling farmers to access financing against stored commodities within minutes.
Pakistan’s agricultural financing gap just got a credible, technology-driven answer. Kissan Gudam and aik by BankIslami have jointly launched KissanPay, Pakistan’s first Shariah-compliant agri-fintech platform, inaugurated at the Pakistan Agriculture Connections Expo 2026 in the presence of Saleem Ullah, Deputy Governor of the State Bank of Pakistan, and Ahmed Umair, Coordinator to the Prime Minister on Agriculture and Food Security. The platform’s first financing was disbursed to a farmer on the spot at the launch ceremony.
KissanPay is built on a model that integrates Kissan Gudam’s warehousing infrastructure and farmer ecosystem with aik by BankIslami’s Banking-as-a-Service (BaaS) framework and Shariah-compliant financing solutions.
Together, they create an end-to-end agricultural value chain covering harvest, storage, financing, and liquidity. Farmers can access financing against their stored agricultural commodities, effectively converting a warehouse receipt into working capital without being forced into a distress sale at harvest time when prices are typically at their lowest.
The speed of the process is one of its most transformative features. Anam Tahir, Chief Technology Officer of Kissan Gudam, said: “Speed is the difference between a fair price and a distress sale.
With KissanPay, a farmer can go from opening a bank account to receiving financing in minutes, not weeks. This is the first step towards a connected digital ecosystem where farmers can store, bank, borrow and grow, all in one place.”
Ashfaque Ahmed, Chief Officer at aik by BankIslami, framed the launch as a natural extension of embedded finance: “The future of financial services lies in embedding banking into the ecosystems where economic activity takes place. Through this partnership, we are leveraging digital infrastructure and BaaS capabilities to create a more seamless, Shariah-compliant financing journey for the agricultural sector.”
Deputy Governor Saleem Ullah expressed the State Bank’s support for the initiative, calling it a potential “game changer for agriculture” and commending the collaboration between fintechs, banks, and the agricultural sector.
The significance of KissanPay extends well beyond a product launch. Agriculture contributes approximately 24% to Pakistan’s GDP and employs around 37% of its labour force, yet access to formal agricultural financing has historically been limited, expensive, and largely unavailable to smallholder farmers who lack conventional collateral.
By anchoring financing to stored commodities and delivering it through a mobile-first, Shariah-compliant platform, KissanPay addresses the structural barriers that have kept millions of Pakistani farmers outside the formal financial system.
Kissan Gudam is backed by Haji Sons Group, giving the platform a deep agricultural and commercial network to anchor its warehousing and commodity management operations. With aik by BankIslami providing the regulated banking backbone, KissanPay enters the market with both the Islamic finance credentials and the digital infrastructure needed to scale.
