Innovative fintech, built for Pakistan.

Shaamilkar is a SECP-licensed NBFC building Shariah-aligned financial technology — designed to be simpler, fairer, and genuinely trusted.

Trusted infrastructure
License
SECP NBFC
SECP/LRD/166/SFSPL/2024
Shariah board
AlHamd Shariah Advisory
Independent oversight
Headquarters
Lahore
Pakistan
Founded
2024
Our Approach

Finance should enable opportunity

We're building ethical, technology-enabled financial products rooted in transparency, fairness, and long-term value.

Mission

Make ethical finance simple, accessible, and trusted.

Deliver Shariah-aligned alternatives that simplify access to financing — and encourage responsible, sustainable financial behaviour.

Vision

A future where ethical finance is the standard — not the alternative.

A more inclusive, trustworthy financial ecosystem where individuals and businesses can grow with confidence.

Shariah Compliance

Transparent.
Reviewed at every layer.

Every Shaamilkar product is structured under Shariah principles and supervised by our Shariah Partners. Learn how Islamic finance differs from conventional finance — and how we apply it.

Get in touch

Let's build the future of ethical finance.

Customers, partners, regulators, investors — we'd love to talk.

Email us Follow on LinkedIn Careers
About Shaamilkar

An innovative fintech, grounded in ethics.

A SECP-licensed Non-Bank Finance Company building Shariah-aligned financial technology for Pakistan — combining modern infrastructure with ethical, asset-backed structures.

Why we're building this

Ethical fintech that lifts the whole ecosystem.

We believe innovation in finance should serve everyone in the loop — not just the customer in front of you. The merchant. The tajir. The partner. The community. Every product we build is designed for the whole ecosystem.

Ecosystem over individuals

A truly ethical financial system lifts everyone in it. We build products that create value for merchants, tajirs, and the communities they trade with — not just one side of the deal.

Ethical by design

Shariah alignment, transparency, and fairness aren't features we bolt on. They're how every product structure begins. No exploitation. No compound interest. No hidden terms.

Innovation with purpose

We use modern technology to solve real problems for Pakistan's traders and merchants — not to chase trends. Every feature exists because someone in our ecosystem actually needs it.

Built for the long term

We don't optimise for the next transaction. We build infrastructure, relationships, and trust that compound over years — for our customers, our partners, and our country.

Leadership

The team building Shaamilkar.

CEO

Umar Iftikhar Butt

Chief Executive Officer

Umar is the visionary behind Shaamilkar, driving the company's mission to create ethical financial solutions that are both innovative and responsible. With a background in Capital Markets and the fintech space, he leads the team in developing cutting-edge BNPL products that align with Islamic principles.

FintechStrategy
Lahore · Pakistan
CPO

Awad Umar

Chief Product Officer

Awad leads Shaamilkar's product initiatives and ensures our products are built on a robust technical foundation. With a strong background in credit management and fintech, he drives innovation and manages strategic initiatives across the organization.

ProductStrategyInnovation
Lahore · Pakistan
CTO

Arif Mahmood

Chief Technology Officer

Arif leads Shaamilkar's technology initiatives and ensures our products are built on a robust technical foundation. With a strong background in software engineering and management, he sets the technical direction of the company.

TechnologyEngineering
Lahore · Pakistan
Get in touch

Let's build the future of ethical finance.

Customers, partners, regulators, investors — we'd love to talk.

Email us Careers
Shariah Compliance

Asset-backed. Transparent. Reviewed at every layer.

Every Shaamilkar product is structured under Shariah principles and supervised by AlHamd Shariah Advisory Services — so every transaction reflects ethical, asset-backed trade.

The Foundations

Islamic finance, explained.

Islamic finance and conventional finance differ in something deeper than rules — they're built on different ideas about what money is, where returns come from, and who carries risk. Here's how the two systems actually compare.

Dimension
Traditional Finance
Islamic Finance
What money is
A commodity that can be rented or sold for more money.
A medium of exchange — never a good in itself.
Source of return
Interest (Riba) — a fixed or variable charge on borrowed money.
Profit (Ribh) — earned from real trade, partnership, or service.
Who carries risk
The borrower carries all the risk. The lender's return is guaranteed.
The financier participates in the underlying asset and shares the commercial risk.
Asset link
A loan can be purely financial, with no link to a real asset.
Every transaction must be tied to a real asset or service.
Uncertainty & speculation
Speculative instruments and derivatives are widely permitted.
Excessive uncertainty (Gharar) is prohibited — terms must be clear.
Permitted sectors
No restrictions on what activities get financed.
Prohibited sectors are excluded (e.g. alcohol, gambling, conventional banking).
The Key Distinction

Profit is earned. Interest is charged.

The single biggest difference between Islamic and conventional finance is where the return comes from. One earns money for taking real economic risk. The other charges money for the use of money itself.

Interest · Riba

Charged on borrowed money

Interest is a predetermined charge on a loan, independent of what the borrower does with the money. The lender earns a guaranteed return whether the borrower's underlying activity succeeds, fails, or never happens.

Money itself becomes the product — rented out to make more money. The lender bears none of the commercial risk; the borrower bears all of it.

Why it's prohibited: Returns are detached from real economic substance. Reward without risk creates systemic unfairness.
Profit · Ribh

Earned from real activity

Profit is a return earned from a real transaction — buying and selling an asset, sharing in a venture, or providing a service. The financier participates in the underlying asset and accepts a share of the commercial outcome.

The return flows from value created in the real economy. If the underlying activity carries risk, the financier carries some of it too.

Why it's permitted: Return is tied to genuine economic activity. Risk and reward stay connected.
How It Works in Practice

Common Shariah structures.

Islamic finance uses well-established contract structures that replace conventional lending. Each ties the return to a real economic activity rather than to the passage of time on a loan.

Used by Shaamilkar Tajir
Murabaha

Cost-plus sale

The financier buys an asset on behalf of the customer, then sells it to them at an agreed markup paid in one repayment amount. Because the financier owns the asset before the sale, they share the ownership risk — the return is the trade profit, not interest.

This is the structure that powers Shaamilkar Tajir's merchant-to-buyer financing.
Ijarah

Islamic lease

The financier purchases an asset and leases it to the customer for an agreed rental period. Ownership stays with the financier, so they continue to bear the ownership risk; the customer pays for the right to use the asset.

Musharakah

Partnership

Both parties contribute capital toward a joint venture, share profits according to a pre-agreed ratio, and share losses in proportion to their capital. True risk-sharing — both upside and downside are tied to the venture's outcome.

Our Approach

How Shaamilkar applies these principles.

Every Shaamilkar product is built on four operating principles — and supervised by an independent Shariah board.

01

Asset-backed transactions

Every transaction is tied to a real-world asset — never abstract debt or speculation.

02

Transparent terms

Plain-language, pre-agreed terms — no compound interest, no hidden fees.

03

Independent supervision

AlHamd Shariah Advisory Services reviews our product structures and operations.

04

Ethical sectors only

We finance permitted goods and sectors — nothing that conflicts with Islamic principles.

The Shaamilkar Shariah framework

AlHamd Shariah Advisory Services

Documented, auditable, and reviewed continuously — not occasionally. Every product runs inside a published framework backed by qualified scholarship.

  • Published product structures
  • Periodic Shariah audits
  • Transparent sectoral exclusion list
  • Independent grievance channel
Questions on our structures?

Talk to us about our Shariah approach.

We're happy to share product structures, scholarly references, and audit details with customers, partners, and regulators.

Email us
A Shaamilkar Solution · Transactional Finance

Tajirs meet merchants. Financing happens instantly.

Shaamilkar Tajir is an embedded financing platform that lets merchants receive instant settlement and traders access Shariah-compliant, asset-backed financing — through a single modern workflow.

Request a demo
How Tajir Works

One platform. Three parties.
Instant Shariah-compliant trade finance.

Tajir digitises the merchant-to-buyer financing flow — replacing manual credit, settlement delays, and paperwork with a single embedded financial layer.

Buyer

The Tajir

Traders, retailers, and SMEs who need inventory now — and structured Shariah-compliant terms to pay over time.

Layer

Shaamilkar

The licensed embedded financing & settlement layer — instantly disbursing to merchants and orchestrating compliant repayment from tajirs.

Seller

The Merchant

Wholesalers, manufacturers, and distributors who want instant payment, reduced credit risk, and access to new buyers.

1

Selection

Tajir submits his Merchant's invoice and demands a Murabaha.

2

Submission

The Selected Merchant validates the invoice.

3

Murabaha Offer

Shaamilkar buys the goods and offers the Murabaha to the Tajir upon agreed terms.

4

Disbursement

Tajir accepts the Murabaha and takes possession of Shaamilkar's goods from the Merchant.

5

Repayment

Tajir sells the goods and repays Shaamilkar as per the agreement.

Tajir transaction ledger — live preview

Streaming
Active step
Selection
Tajir submits invoice, requests Murabaha
Amount
PKR 320K
Embedded financing
Settlement
< 3s
Instant to merchant
Structure
Murabaha
Asset-backed, Shariah-aligned
Why Tajir

Infrastructure that finally fits how Pakistan trades.

We rebuilt trade finance for the way merchants, distributors, and SMEs actually move goods — fast, transparent, and Shariah-aligned end-to-end.

Instant merchant settlement

Sub-3-second payouts directly into merchant accounts — eliminating receivables risk and freeing up working capital.

Embedded financing infrastructure

Merchants offer financing at the point of sale; tajirs unlock structured credit — without ever leaving the platform.

Shariah-aligned by design

Every transaction is asset-backed and reviewed under a structured Murabaha framework — supervised by AlHamd Shariah Advisory.

Modern risk infrastructure

Real-time credit scoring, transaction monitoring, and fraud screening — purpose-built for the Pakistani SME profile.

Digital workflows, not paperwork

Replace WhatsApp invoices, post-dated cheques, and ledger books with a single auditable digital workflow.

Built for Pakistan's scale

Architected on cloud-native infrastructure that scales from a single bazaar merchant to thousands of nationwide distributors.

0s
Avg. merchant settlement time
0%
Platform uptime SLA
0%
Shariah-compliant transactions
0/7
Real-time transaction monitoring
The Tajir Platform

An operating system for embedded trade finance.

Every tool a merchant or tajir needs — onboarding, financing, settlement, reporting — in one modern fintech surface.

Instant disbursement engine

Real-time merchant payouts with full audit trail, fraud screening, and Shariah-compliance verification — settled in seconds.

RoutingDirect → Merchant
StatusSettled · 1.9s
ComplianceVerified

Merchant onboarding, in minutes

Self-serve digital KYB, document verification, and instant scoring — get merchants live on the platform without paper trails.

KYBVerified
Documents8 / 8 collected
Time to live12 min

Transaction management

A unified ledger for every order, disbursement, and repayment — searchable, exportable, audit-ready.

Smart repayment tracking

Automated schedules, reminders, and reconciliation — keeping every tajir on track and every ledger balanced.

Approval workflows

Configurable financing approvals with role-based access — built for institutional governance.

Real-time risk engine

Behavioural scoring, transaction monitoring, and fraud signals — calibrated for the Pakistani SME profile and continuously retrained.

Developer-grade APIs

Composable APIs and webhooks to embed Tajir financing inside any merchant POS, ERP, or B2B marketplace.

POST/v1/disbursements
Avg latency86ms
SLA99.95%
Product Disclosure

Pricing, terms, and what you should know.

Tajir is a Shariah-compliant Murabaha financing product. We disclose pricing, fees, and terms in plain language before any transaction is executed — and before any account is opened.

Pricing

Profit rate & APR

Tajir transactions are structured as Murabaha — a cost-plus sale. The financier (Shaamilkar) purchases the goods at cost and resells them to the tajir at a pre-agreed mark-up paid in installments. There is no compound interest and no late-payment penalty rolled into principal.

The applicable profit rate, processing fees, and total cost of financing — including indicative Annual Percentage Rate (APR) — are disclosed on the product Terms & Conditions and inside the customer agreement before any transaction is executed.

Indicative APR ranges will be published on this page at app launch and updated periodically.
What's included

Terms & documentation

Every customer receives, in plain language, before signing: the goods being financed, the cost price, the agreed mark-up, the total amount payable, the repayment schedule, all applicable fees, the consequence of late or missed payments, and the dispute and grievance process.

Customer-facing Terms & Conditions, Privacy Policy, and Shariah opinion are made available before account opening and remain accessible inside the customer dashboard.

Full T&Cs will be published here and linked from each transaction at app launch.
Risk warning. Financing involves risk. Customers must understand all terms, fees, and obligations before availing the product. Failure to repay on time may result in additional charges, restricted access to future financing, and reporting to relevant credit bureaus. If anything is unclear, please contact our team before proceeding.
Partner with Tajir

Build the future of trade finance with us.

Merchants, tajirs, institutional partners, and investors — we'd love to talk about how Tajir fits into the way you grow.

Schedule a demo Become a merchant partner