Karachi
\nMeezan Bank, Pakistan\u2019s leading Islamic bank and one of the largest banks in the country in collaboration with Haball, has announced a major expansion of the Wisaaq digital supply chain financing platform through the launch of a new Murabaha-based financing facility with Dawlance, Pakistan\u2019s leading home appliance manufacturer.
\nThis innovative initiative enables Dawlance\u2019s distributors to access instant, digital, and Shariah-compliant financing for inventory procurement directly from Dawlance. The facility is designed to strengthen distributor liquidity streamline supply chain operations, and support sustainable business growth across the country.
\nWisaaq transforms the financing journey for distributors by eliminating manual reconciliation and lengthy approval processes. The platform offers a seamless, fully digital experience where financing is transparent, efficient, and data-driven.
\nThe signing ceremony was attended by Dr. Syed Amir Ali, Deputy CEO of Meezan Bank, Syed Tanveer Hussain, Group Executive, Meezan Bank; Umar Ahsan Khan, CEO of Dawlance Pakistan Farhan Akram, Chief Financial Officer, Dawlance Pakistan and Omer Bin Ahsan, CEO of Haball
\nCommenting on the collaboration, Omer Bin Ahsan, CEO of Haball, said: \u201cDawlance has one of the most active and widely spread distribution networks in Pakistan, so financing also needs to move fast. Wisaaq was built exactly for this kind of environment. With Meezan Bank\u2019s trust and Dawlance\u2019s willingness to digitize, we are creating a financing model that actually fits the speed of the market. This is an important moment for Pakistan\u2019s supply chain landscape because it shows that large-scale Shariah-compliant financing can be modern, instant, and fully data-driven.\u201d
\nSharing his views on the partnership, Umar Ahsan Khan, CEO of Dawlance Pakistan, said: \u201cOur distributors are the backbone of our business. This new financing program will give them the confidence to carry more stock and respond faster to market demand. It also empowers our partners to grow their businesses without being constrained by liquidity challenges. Ultimately, this healthier system benefits everyone and will expand Dawlance\u2019s footprint across Pakistan.\u201d
\nHighlighting the significance of the initiative, Dr. Syed Amir Ali, Deputy CEO of Meezan Bank, commented: \u201cThis partnership aligns with Meezan Bank\u2019s commitment to embedding Shariah-compliant finance at the core of real economic activity. Through our collaboration with Haball and Dawlance, we are proving that digital supply chain financing can be more transparent, efficient, and accessible to businesses of all sizes. We view this initiative as a meaningful step toward modernizing Pakistan\u2019s supply chains and expanding the reach of Shariah-compliant financial solutions at scale.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Karachi Meezan Bank, Pakistan\u2019s leading Islamic bank and one of the largest banks in the country in collaboration with Haball, has announced a major expansion of the Wisaaq digital supply chain financing platform through the launch of a new Murabaha-based financing facility with Dawlance, Pakistan\u2019s leading home appliance manufacturer. This innovative initiative enables Dawlance\u2019s distributors […]<\/p>\n","protected":false},"author":2,"featured_media":520659,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-520632","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n