Faysal Bank partners with Fauree to launch Islamic digital supply chain platform

KARACHI  –Faysal Bank Limited (FBL)has taken a groundbreaking step toward digital transformation in Islamic finance. In collaboration with fintech innovator Fauree, FBL has signed a MoU to develop and deploy a comprehensive Islamic Digital Supply Chain Finance (SCF) and Agri-Digitization ecosystem. The MoU was signed by Altaf Hussain Saqib, Head of Commercial Banking Small Business Enterprise (CBSME), Fleet & Agri, Faysal Bank Ltd., and Azhar Tasadduq, Co-Founder and CEO, Fauree. Formalized at Faysal Bank’s office the MoU establishes a strategic partnership that will drive innovation through the co-creation of tech driven, Shariah-compliant digital financial solutions, including SCF offerings such as invoice financing, inventory financing, distributor financing, export financing for indirect exporters and an Agri-digitization platform – tailored for growers, millers, and stakeholders in the agricultural value chain. Yousaf Hussain, President & CEO, Faysal Bank, said, “As pioneers in Agri-Digitization within Pakistan’s Islamic banking sector, this partnership reinforces our commitment to expand and enhance predictive, paperless Islamic financing solutions across Pakistan.” Speaking on the occasion, Azhar Tasadduq, Co-Founder and CEO of Fauree, commented, “This collaboration is a remarkable step forward in Pakistan’s agricultural economics. The integration of an advanced digital platform with FaysalBank’s Islamic finance expertise is poised to establish Pakistan’sfirst Shariah-compliant digital SCF ecosystem. By integrating a multi-product approach, we aim todigitize entire Agri-value chains and SME supplynetworks, from farm-level financing to working capital support for exporters.” The alliance is set to bring about a new era of financial inclusion and operational efficiency by deploying a Smart SCF Platform (digital financing for suppliers, distributors, and retailers) and Agri-Tech Integrations (Real-time, crop-agnostic financing and facilitating). Faysal Bank and Fauree are laying the foundation for a robust digital financial ecosystem that empowers underserved sectors with accessible, ethical, and technology-driven financing solutions.