The Securities and Exchange Commission of Pakistan (SECP) has approved a new Shariah-compliant digital financing facility aimed at supporting small businesses across the country.
Under the approved facility, eligible small business owners can access financing of up to Rs. 3 million through a digital application, providing an alternative way to obtain funds for business-related purchases.
The facility will operate through the “Shamil Kar Tajir” app, which is designed to facilitate digital financing for small business owners. The initiative focuses on enabling businesses to purchase goods required for their operations.
According to the approved framework, financing obtained through the facility can be used to purchase business goods from approved suppliers. This structure is intended to connect financing directly with legitimate business requirements.
The introduction of a Shariah-compliant digital financing option could provide small businesses with greater access to formal financial services while addressing the demand for financing arrangements that follow Islamic principles.
Small businesses play an important role in Pakistan’s economy, supporting employment, trade and local commercial activity. However, access to suitable financing can remain a challenge for many smaller enterprises.
The digital model could make the financing process more accessible by allowing business owners to apply through a mobile-based platform rather than relying entirely on traditional financing channels.
The maximum financing limit under the approved facility is Rs. 3 million. The amount provides small businesses with an opportunity to secure funding for inventory and other goods purchased from suppliers approved under the facility.
The SECP’s approval also reflects the growing role of digital financial services in Pakistan. Technology-based financing platforms are increasingly being developed to simplify access to financial products and expand formal financing opportunities.
For small business owners seeking Shariah-compliant financing, the “Shamil Kar Tajir” app is expected to serve as the digital channel for accessing the newly approved facility, subject to the applicable eligibility and financing requirements.
The facility’s focus on purchasing goods from approved suppliers also creates a structured financing mechanism in which funds are linked to business purchases rather than general-purpose cash usage.
The development comes as Pakistan’s financial sector continues to explore digital solutions for underserved segments of the economy. Digital financing can potentially reduce some of the barriers associated with conventional application processes and improve access for smaller enterprises.
With financing of up to Rs. 3 million available through the approved digital facility, the initiative represents a new financing option for qualifying small businesses looking for Shariah-compliant solutions to support their commercial activities.