The digital platform will provide eligible small businesses with Shariah-compliant financing of up to Rs3 million.
ISLAMABAD, September 18, 2026: The Securities and Exchange Commission of Pakistan (SECP) has approved Shaamilkar Tajir, a digital application offering Shariah-compliant financing of up to Rs3 million to eligible small businesses.
The application has been developed by SECP-licensed Shaamilkar Financial Services and is designed to help micro-entrepreneurs purchase inventory from approved suppliers through a faster and simpler digital financing process, according to an SECP news release issued on Friday.
The initiative is intended to bring underserved businesses into the formal credit system and improve their access to financing for working capital and business expansion.
SECP highlights potential of digital financing
SECP Chairman Dr Kabir Ahmed Sidhu said technology-enabled financing could help expand formal credit access for businesses that remain underserved by traditional financial institutions.
“Technology-enabled financing can expand access to formal credit for underserved businesses,” he said, adding that the commission would support responsible digital financing while maintaining regulatory oversight and consumer protection.
The approval of Shaamilkar Tajir is part of wider efforts to expand access to finance for small and medium-sized enterprises (SMEs) and other priority sectors.
NBFCs provide Rs253bn in SME financing
The SECP said licensed lending non-bank finance companies (NBFCs) provided approximately Rs253 billion through 2.5 million loans to micro, small and medium enterprises between July 2025 and June 2026.
The regulator said digital financing platforms such as Shaamilkar Tajir could further support efforts to integrate underserved businesses into the formal financial ecosystem.
The platform’s inventory-financing model, which allows businesses to purchase stock from approved suppliers, is intended to simplify access to working capital while operating within the regulatory framework applicable to licensed digital financing providers.
The initiative is also aligned with the federal government’s broader access-to-finance agenda for SMEs and priority sectors, as digital financial services continue to expand the reach and efficiency of formal financing.