Meezan Bank Partners with EXIM Bank of Pakistan to Develop Islamic Trade Finance for Exporters

Pakistan-based Meezan Bank has signed an agreement with Export-Import (EXIM) Bank of Pakistan to act as its Shariah-compliant consultant in order to develop Islamic trade finance for corporate and small and medium sized enterprises (SME) exporters in Pakistan under a technical assistance grant provided by the Islamic Development Bank (IsDB).

Why it Matters?

The IsDB grant will support the Government of Pakistan in promoting and expanding international trade in the country, via EXIM Bank of Pakistan, which will offer export credit, Takaful insurance as well as guarantee products and services to the corporate and SME exporters. Meezan Bank will develop Shariah-compliant trade finance related products and risk management strategies, that will allow seve...