Karandaaz, Walee Launch Pakistan’s First Shariah-Compliant Financing Program for Women Entrepreneurs
Karandaaz Pakistan and Walee Financial Services have entered into a strategic partnership to launch “Khudmukhtar Khatoon”, Pakistan’s first Shariah-compliant, digital, asset-financing solution exclusively designed for women entrepreneurs. Karandaaz & Walee signing ceremony Launched as a Minimum Viable Product (MVP) phase, the project will focus on sectors with high participation from women entrepreneurs Islamabad, Pakistan, Oct. 23, 2025 (GLOBE NEWSWIRE) — ISLAMABAD, PAKISTAN – WALEE: Karandaaz Pakistan and Walee Financial Services have entered into a strategic partnership to launch “Khudmukhtar Khatoon”, Pakistan’s first Shariah-compliant, digital, asset-financing solution exclusively designed for women entrepreneurs. The partnership was formalised at a signing ceremony at Karandaaz, attended by senior leadership from both organisations. The Khudmukhtar Khatoon initiative addresses one of the most persistent barriers faced by women-led businesses in Pakistan: access to meaningful, growth-oriented finance. Unlike conventional loan structures, this program offers Shariah-compliant, asset-based financing, enabling women entrepreneurs to receive essential business assets rather than cash disbursements. By directly linking financing to productive inputs, the project ensures that resources translate into sustainable business growth. The program introduces a tier-based framework, enabling inclusivity for women at different stages of their entrepreneurial journeys, whether they are aspiring home-based business owners with limited records, or established, formally structured enterprises. Each tier is matched with tailored financing support aligned with business maturity and growth potential. Launched as a Minimum Viable Product (MVP) phase, the project will focus on sectors with high participation from women entrepreneurs: apparel and tailoring, food services, and beauty services. The MVP aims to serve as a testing ground for evaluating demand, operational processes, and product-market fit, paving the way for nationwide scale-up. The vision is to develop, test, and validate Pakistan’s first Shariah-compliant digital financing model tailored for women entrepreneurs. Representing Walee Financial Services at the ceremony were Noshad Minhas, CEO & Co-Founder; Adnan Akhtar, Head of Finance &