MCB Islamic Bank has collaborated with a leading regional fintech to introduce Pakistan’s first Shariah-compliant Supply Chain Finance (SCF) platform. This initiative aims to enhance financial access for Small and Medium Enterprises (SMEs), providing seamless liquidity solutions and reducing reliance on informal lending.
The agreement was formalized at a signing ceremony at MCB Islamic Bank’s Head Office. Representing MCB Islamic Bank were Mr. Zargham Khan Durrani (President & CEO), Mr. Ashar Iqbal (Head RBG – North), Mr. Abrar Aleem (CIO), Mr. Salman Naseer (CRO), Mr. Jawad Ahmed (Dept. Head PMO), Mr. Shahid Mehmood (Div. Head SME). Fauree was represented by Mr. Azhar (Co-Founder) amongst other team members.
This collaboration will revolutionize SME financing by combining MCB Islamic’s expertise in Islamic banking with advanced digital SCF solutions.
