{
  "id": 17169582,
  "title": "Qist Bazaar financed products worth over Rs15bn since 2021",
  "url": "https://urgent.news/2026/10/30/qist-bazaar-financed-products-worth-over-rs15bn-since-2021",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-30T03:15:41.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40446640/qist-bazaar-financed-products-worth-over-rs15bn-since-2021"
  },
  "original_language": "en",
  "account": "KARACHI - Qist Bazaar, Pakistan's leading Shariah-compliant installment financing platform, has financed products valued at over Rs15 billion since its inception in 2021, marking five years of operations. The company operates a network of more than 100 branches across 18 cities and has processed more than a million applications nationwide. Qist Bazaar offers financing for various products, including smartphones, laptops, refrigerators, washing machines, motorcycles, and solar solutions. Backed by Bank Alfalah and prominent venture capital firms like Indus Valley Capital and Gobi Partners, the company has maintained a low bad debt rate of below 4 percent, despite primarily catering to customers who are underserved by traditional financial institutions.\n\nQist Bazaar's disciplined product selection and community-focused approach to customer relationships and credit assessment have contributed to its success. Unlike \"Buy Now, Pay Later\" models that often promote discretionary spending, Qist Bazaar emphasizes financing necessities over luxuries. Co-founder Arif Lakhani explained that the company consciously chose to finance necessities five years ago, which has enabled them to keep bad debt below 4 percent. This combination of financial inclusion and commercial discipline has proven successful, according to Lakhani.\n\nWith an established branch network and customer data, Qist Bazaar is expanding its Point-of-Sale (POS) partnerships with independent retailers and distributors. Starting with smartphones and laptops, this initiative will provide customers with the option to access Qist Bazaar's financing directly at participating retail outlets. This new distribution channel aims to create an alternative to relying solely on branch expansion.",
  "summary": "KARACHI: Qist Bazaar, Pakistan’s leading Shariah-compliant installment financing platform, has financed products worth over Rs15 billion since its launch in 2021, completing five years of operations with a network of more than 100 branches across over 18 cities and processing more than one million applications nationwide. Qist Bazaar has financed many products, including smartphones, laptops,…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}