BankIslami and NCCPL Ink MoU to Expand Islamic Finance Across Pakistan’s Capital Markets

In a move aimed at broadening access to Shariah-compliant investment instruments, BankIslami and the National Clearing Company of Pakistan Limited (NCCPL) have signed a Memorandum of Understanding (MoU) to integrate Islamic finance into Pakistan’s capital markets. The pact seeks to develop infrastructure, launch Islamic securities, and facilitate clearing and settlement systems aligned with Shariah principles.

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“Through this partnership, we take a step toward making Pakistan’s capital markets more accessible by offering robust, interest-free financial solutions,” said Rizwan Ata, President & CEO of BankIslami. He emphasized that the collaboration enables ethical investment paths for a broader class of citizens who prioritize faith-aligned finance. On NCCPL’s side, leadership noted that this partnership would enable seamless inclusion of Sukuk listings, Islamic debt instruments, and Shariah-compliant clearing mechanisms for both institutional and retail segments.

The MoU envisages joint efforts to set up Islamic product frameworks, clearing workflows that adhere to non-interest principles, investor education campaigns, regulatory coordination, and integration of Islamic tools into existing capital market platforms. BankIslami brings banking relationships, consumer reach, and product development acumen; NCCPL contributes clearing infrastructure, settlement expertise, and regulatory alignment.

By combining these capabilities, the alliance aims to transform Islamic finance from a niche segment into a mainstream component of Pakistan’s capital markets. Through strategic product launches, enhanced liquidity, and greater transparency, BankIslami and NCCPL hope to foster investor confidence and diversify the financial landscape with value-led, faith-compatible investment options.