Faysal Bank and Fauree launch Pakistan’s first Islamic digital SCF ecosystem

Faysal Bank Limited (FBL), a prominent Islamic bank in Pakistan, has initiated a pioneering move in the digital transformation of Islamic finance by forming a strategic alliance with fintech company Fauree. The two organisations have signed a Memorandum of Understanding (MoU) to collaboratively develop and implement the country’s first Shariah-compliant digital supply chain finance (SCF) and agri-digitisation ecosystem.

The agreement, formalised at Faysal Bank’s offices, marks a milestone in advancing tech-enabled, ethical financial solutions. The partnership is designed to co-create a suite of digital products that address the needs of small businesses and agricultural stakeholders. These solutions include a wide range of SCF offerings such as invoice financing, inventory financing, distributor financing, export financing, as well as a dedicated agri-digitisation platform.

By expanding the reach of predictive, paperless, and Shariah-compliant financial products, the bank aims to modernise and democratise access to Islamic finance across the nation.

Fauree’s contribution to this collaboration is rooted in its expertise in integrating digital platforms with sector-specific requirements. The company envisions a fully digitised, multi-product ecosystem that enhances agricultural economics and SME operations. By bridging farm-level financing and export-oriented working capital support, the ecosystem aims to elevate financial inclusion and improve the efficiency of Agri and SME value chains.

The partnership is set to deploy a smart SCF platform offering digital financing for suppliers, distributors, and retailers, alongside agri-tech integrations that enable real-time, crop-agnostic financial facilitation. These innovations are expected to significantly improve financial access for underserved segments, while ensuring compliance with Islamic financial principles.

Together, Faysal Bank and Fauree are laying the foundation for a dynamic and inclusive financial ecosystem—one that harnesses technology to deliver ethical, efficient, and accessible finance for Pakistan’s agricultural and small business sectors.