August 26, 2022 – Karachi: An agreement was signed between Haball and Bank Alfalah Limited to accelerate Digital Supply Chain Islamic Financing for SMEs in Pakistan. The signing ceremony was held at Bank Alfalah head office, Karachi.
Bank Alfalah Limited has partnered with Haball – Private Ltd to launch digital supply chain lending in Pakistan. The partnership would allow Haball to scale digital supply chain financing for its corporate customers and enables Bank Alfalah to it deliver across 200 cities efficiently using cash flow transparency.
Commenting on the collaboration, Saad Ur Rahman Khan, Bank Alfalah group head of corporate, investment banking, and international business said,
“We are committed to supporting businesses with innovative solutions while playing a vital role in driving economic growth. This collaboration will facilitate B2B payments as we continue to offer a range of digitally innovative Islamic products and services.”Saad Ur Rahman – Head of Corporate-Bank Alfalah Group
Omer Bin Ahsan – CEO of Haball
CEO of Haball, Omer Bin Ahsan, commented, “Pakistani supply chains are dominated by SMEs and they are thirsty for liquidity. They need delivery to be quick, matching seasonal needs, and delivered in a Shariah-compliant way.”