Meezan Bank, in a significant move to overhaul supply chain financing, has collaborated with Dawlance and Haball to introduce a Murabaha-based digital facility, providing instant, Shariah-compliant credit to the home appliance giant”s extensive distributor network.
According to the bank information today, this initiative, launched through the Wisaaq platform, aims to resolve critical liquidity challenges and eliminate cumbersome manual processes that have historically constrained business growth for distributors across Pakistan.
The innovative platform is engineered to transform the financing experience for distributors by replacing lengthy approval procedures and manual reconciliation with a seamless, fully digital interface. This system provides transparent, efficient, and data-driven access to funds for procuring inventory directly from Dawlance, strengthening their operational capacity.
Dr. Syed Amir Ali, Deputy CEO of Meezan Bank, stated that the partnership aligns with the bank”s commitment to integrating Shariah-compliant principles into core economic activities. “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,” he remarked, describing the venture as a meaningful step toward modernizing the nation”s supply chains.
Umar Ahsan Khan, CEO of Dawlance Pakistan, emphasized the strategic importance of the company’s distributors, calling them the “backbone” of the business. He explained that the new program empowers these partners by giving them the confidence to increase stock levels and respond more rapidly to market demand, thereby fostering growth without liquidity constraints and expanding Dawlance”s national footprint.
According to Omer Bin Ahsan, CEO of Haball, the Wisaaq platform was specifically built for fast-moving environments like Dawlance”s widespread distribution network. “We are creating a financing model that actually fits the speed of the market,” he noted, highlighting the moment as proof that large-scale, Shariah-compliant financing can be modern, instant, and entirely data-driven.
The collaboration was formalized at a signing ceremony attended by key executives, including Dr. Syed Amir Ali and Group Executive Syed Tanveer Hussain from Meezan Bank; Umar Ahsan Khan and Chief Financial Officer Farhan Akram from Dawlance Pakistan; and Omer Bin Ahsan from Haball.