{
  "id": 8204155,
  "title": "Dada partners advises QistBazaar on its groundbreaking PKR 500 million Sukuk",
  "url": "https://urgent.news/2026/09/18/dada-partners-advises-qistbazaar-on-its-groundbreaking-pkr-500",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T08:11:22.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40440127/dada-partners-advises-qistbazaar-on-its-groundbreaking-pkr-500-million-sukuk"
  },
  "original_language": "en",
  "account": "Dada Partners (Private) Limited, a prominent financial advisory firm, played a pivotal role in guiding QistBazaar through a groundbreaking PKR 500 million Sukuk issuance. This pioneering transaction, a first under a proposed series of Sukuk financing, represents a significant milestone in the buy-now-pay-later (BNPL) platform's Shariah-compliant capital markets structure within Pakistan's fintech sector. The advisory firm's involvement spanned the entire process, from conceptualization, Shariah-compliant Sukuk structuring, marketing material preparation, to leading a focused investor roadshow, all the way to commitment, subscription, and disbursement. Dada Partners' Founder and Managing Partner, Shazad Dada, expressed satisfaction with the transaction, stating \"Dada Partners is committed to providing innovative solutions to help our clients meet their financing objectives. A first of its kind, this transaction reflects the increasing appetite among institutional and private investors for a well-structured Shariah-compliant instrument.\" Collaborating closely with QistBazaar's leadership, including CEO Mr. Arif Lakhani, Dada Partners successfully navigated this novel concept, which offers startups a vital new funding pathway without the need for equity dilution. The transaction was successfully subscribed by leading corporate and high-net-worth investors through a dedicated private placement fund vehicle. Appreciation was extended to QistBazaar's Board and Management, as well as to several key partners: Akhund Forbes, Alfalah Asset Management Company, Pak Brunei Investment Company Limited, and Al Hamd Shariah Advisory Services, for their support in this landmark deal.",
  "summary": "Dada Partners (Private) Limited acted as the exclusive financial advisor to QistBazaar on its PKR 500 million unrated, privately placed Sukuk and builds on several other transactions which Dada Partners has advised in the last few years. This transaction, a first issuance under a planned series of sukuk financing, marks a landmark Shariah-compliant capital markets structure in the…",
  "key_points": [
    "Dada Partners advised QistBazaar on PKR 500 million Sukuk issuance.",
    "First under proposed series of Sukuk financing for BNPL platform.",
    "Dada Partners' founder, Shazad Dada, expressed satisfaction with transaction."
  ],
  "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."
}