QistBazaar raises Rs500m through privately placed Sukuk

QistBazaar, a leading Buy Now, Pay Later (BNPL) and installment-financing platform, has successfully raised PKR 500 million through a privately placed Sukuk, marking the first tranche in a planned series of Sukuk issuances by the company. This inaugural PKR 500 million issuance is seen as a significant milestone for the company, as it aims to institutionalize its funding base and finance the next phase of its growth, reducing reliance on traditional bank funding and widening access to affordable consumer finance across Pakistan.

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