BankIslami Partners with Sindh Enterprise Development Fund to Promote SME Financing Across Sindh

BankIslamihas partnered with theSindh Enterprise Development Fund (SEDF)to promote and expand financing opportunities for small and medium enterprises (SMEs) across Sindh. Under this collaboration, both institutions aim to enhance financial access for SMEs. SEDF will offer financial incentives, including KIBOR-based profit subsidies, while BankIslami will provide tailored business financing to support the growth and sustainability of these enterprises. The Memorandum of Understanding (MoU) was signed at BankIslami headquarters in Karachi, in presence of senior members from both organizations, including Khizar Pervaiz, CEO of SEDF; Syed Qassim Naveed Qamar, Special Assistant to the Chief Minister of Sindh; Raja Khurram Shahzad Umar, Secretary Investment; Rizwan Ata, President & CEO of BankIslami; and Imran H. Shaikh, Dy. Chief Executive Officer of BankIslami. Syed Qassim Naveed Qamar, Special Assistant to the Chief Minister of Sindh, added: “TheSindh governmentis committed to fostering an ecosystem that supports the growth of SMEs, which are the backbone of our economy. This partnership with BankIslami is a key step in providing the necessary resources for entrepreneurs, especially in sectors that have significant potential for job creation and sustainable development.” Rizwan Ata, President & CEO of BankIslami, commented: “We are pleased to join hands with SEDF and play our role in driving sustainable economic growth in Sindh. At BankIslami, we are committed to creating an accessible and impactful financial system that makes Islamicfinancing easy and accessible for SMEs and small businesses. Through this initiative, we aim to foster innovation and economic progress, particularly insectors with potential to drive economicgrowth”. This partnership highlights a successful public-private collaboration, driven by a shared ambition to catalyze sustainable growth in high-potential sectors. By equipping SMEs with the resources, tools, and financial support they need, both organizations are committed to enabling long-term success and economic resilience.