Faysal Bank Limited and Waseela Pakistan have signed a Memorandum of Understanding to provide fast-track, Shariah-compliant financing to farmers across the country.

Under the agreement, farmers will receive timely and digital financial support through the Electronic Warehouse Receipt (EWR) framework, aimed at improving transparency, efficiency, and risk management in the agricultural value chain.

The partnership combines Faysal Bank’s expertise in Islamic finance with Waseela Pakistan’s farmer networks, data systems, and service infrastructure.

The initiative seeks to reduce farmers’ dependence on traditional intermediaries and improve access to formal financial services.

Faysal Bank President and CEO Yousaf Hussain said, “Agriculture remains the backbone of Pakistan’s economy, and access to timely, Shariah-compliant financing is critical for its sustainable growth. This partnership reflects Faysal Bank’s commitment to inclusive Islamic banking solutions that are transparent, efficient and aligned with real economic activity. Together with Waseela Pakistan, we aim to strengthen the agricultural ecosystem and support farmers where it matters most.”

Waseela Pakistan CEO Tania Aidrus said, “Our focus has always been on building trusted, last-mile ecosystems for farmers by linking finance to traceability, data and on-ground engagement. Partnering with Faysal Bank allows us to scale responsible, Shariah-compliant financial access for farmers who have long remained underserved by the formal financial system.”