Shariah-compliant trade finance — instant, transparent, asset-backed. For merchants, distributors, and SMEs across Pakistan.
What is Shaamilkar Tajir?
Shaamilkar Tajir is a Shariah-compliant Murabaha financing platform built for Pakistan's traders and merchants. Traders (tajirs) request structured financing to buy inventory, merchants receive instant settlement, and every transaction is asset-backed and supervised by our Shariah board.
Key Benefits
Instant Settlement
Merchants receive payment in seconds — no receivables risk, more working capital.
Shariah-Aligned
Asset-backed Murabaha structures. No interest. No compound charges. No hidden fees.
Built for Pakistan
Designed for the way merchants, wholesalers, and SMEs actually move goods nationwide.
How it works
1Selection — Tajir submits invoice & requests a Murabaha.
2Submission — Merchant validates the invoice on the platform.
3Murabaha Offer — Shaamilkar buys the goods and offers Murabaha terms.
4Disbursement — Tajir accepts and takes possession of the goods.
5Repayment — Tajir sells the goods and repays Shaamilkar per the agreement.
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. Read the Terms & Conditions on our website before proceeding. An Urdu-language version will accompany the consumer app at launch.
Shaamilkar is a SECP-licensed NBFC building Shariah-aligned financial technology — designed to be simpler, fairer, and genuinely trusted.
Trusted infrastructure
SECP LicensedShariah-AlignedLahore · Pakistan
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.
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
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
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
Get in touch
Let's build the future of ethical finance.
Customers, partners, regulators, investors — we'd love to talk.
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.
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.
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.
“Shaamilkar Tajir” operates as a mobile app available on Google Store (the “App”, “Application”, “we”, “us”, or “our”) and collects, uses, and discloses your personal information when you use our services, make a transaction, or otherwise communicate with us (collectively, the “Services”). For purposes of this Privacy Policy (the “Privacy Policy”), “you” and “your” means you as the user of the App and/or the Services, whether you are a customer, App visitor, or another individual whose information we have collected pursuant to this Privacy Policy.
Please read this Privacy Policy carefully. By using and accessing any of the Services, you agree to the collection, use, and disclosure of your information as described in this Privacy Policy. If you do not agree to this Privacy Policy, please do not use or access any of the Services.
This Privacy Policy describes how we collect, use, disclose, store, and protect your personal information when you:
download, install or use our App;
create or maintain an account; or
otherwise interact with our Services.
Your privacy matters to us, so please do take the time to get to know our practices. If you have any questions, feel free to contact us by sending an email to info@shaamilkar.com.
Changes to This Privacy Policy
We may update this Privacy Policy from time to time, including to reflect changes to our practices or for other operational, technology, legal, or regulatory reasons. We will notify you of material changes by updating the “Last Updated” date or through in-app notifications where appropriate.
How We Collect and Use Your Personal Information
To provide the Services, we collect information about you from a variety of sources, as set out below. The information that we collect and use varies depending on how you interact with us.
In addition to the specific uses set out below, we may use information we collect about you to communicate with you, provide the Services, comply with any applicable legal obligations, enforce any applicable terms of service, and to protect or defend the Services, our rights, and the rights of our users or others.
What Personal Information We Collect
The types of personal information we obtain about you depend on how you interact with our App and use our Services. When we use the term “personal information”, we are referring to information that identifies, relates to, describes, or can be associated with you. The following sections describe the categories and specific types of personal information we collect.
Information We Collect Directly from You
Information that you directly submit to us through our Services may include, without limitation:
Basic contact details including, but not limited to, your name, age, address, phone number, email, CNIC, place of residence, living since, residence type, date of birth, monthly income, payment or banking information (where applicable), profile picture, work/employment information (including occupation, occupation status, job description, and organization address), financial information, and referees’ information.
Account information including your username, password, and security questions.
Customer KYC & Financial Profile.
Customer NADRA Verification Record.
Customer support information including the information you choose to include in communications with us, for example when sending a message through the Services.
Some features of the Services may require you to directly provide us with certain additional information about yourself. You may elect not to provide this information, but doing so may prevent you from using or accessing these features.
Information We Collect through Using the Application
While using our Application, in order to provide its features, we may collect the following information, including but not limited to:
device type, model, and operating system;
unique device identifiers (such as device ID);
IP address and network information;
app usage data (features accessed, interaction logs); and
log and diagnostic data (including crash reports).
Subject to your consent and device settings, we may access:
Camera / Media: for identity verification (KYC) and document uploads.
Storage: for uploading required documents.
Location Data: where necessary for fraud prevention, compliance, or service delivery.
You may control these permissions through your device settings; however, disabling them may affect functionality.
Information We Obtain from Third Parties
We may obtain information about you from third parties, including vendors and service providers who may collect information on our behalf, such as:
companies who support our App and Services;
financial institutions and credit bureaus;
identity verification and compliance service providers; and
our payment processors, who collect payment information (e.g. bank account, credit or debit card information, billing address) to process your payment in order to fulfill your orders and provide you with products or services you have requested.
When you visit our App, open or click on emails we send you, or interact with our Services or advertisements, we — or third parties we work with — may automatically collect certain information using online tracking technologies such as pixels, web beacons, software developer kits, and third-party libraries.
Any information we obtain from third parties will be treated in accordance with this Privacy Policy. We are not responsible or liable for the accuracy of the information provided to us by third parties and are not responsible for any third party’s policies or practices.
How We Use Your Personal Information
Verify your identity and comply with legal obligations. We process your information to verify your identity and comply with applicable legal and regulatory requirements. This includes know-your-customer (KYC) verification, anti-money laundering / counter financing of terrorism (AML/CFT), and other financial or compliance obligations imposed by law or regulatory authorities.
Process transactions and facilitate financial services. We use your information to process transactions and facilitate any financial services made available through the App, including enabling payments, transfers, account operations, and interactions with third-party financial institutions or service providers.
Providing Services and debt recovery. We use your personal information to provide you with the Services and to perform our contract with you to create, maintain, and otherwise manage your account. We may also use your personal information to contact you — by us or by our authorized personnel / organization — in the event of a default.
Marketing and advertising. We use your personal information for marketing and promotional purposes, such as sending marketing, advertising, and promotional communications by email, text message, or postal mail, and to show you advertisements for products or services. This may involve tailoring our Services and advertisements to better match your interests.
Security and fraud prevention. We use your personal information to detect, investigate, or take action regarding possible fraudulent, illegal, or malicious activity. If you register an account, you are responsible for keeping your credentials safe. If you believe your account has been compromised, please contact us immediately at info@shaamilkar.com.
Communicating with you. We use your personal information to provide you with customer support and improve our Services, in our legitimate interests to be responsive to you and maintain our business relationship with you.
Improve and optimize our App and Services. We may use collected information to analyze usage trends, improve functionality, debug, monitor performance, develop new features, and optimize the overall reliability and efficiency of our App and Services.
How We Disclose Personal Information
In certain circumstances, we may disclose your personal information to third parties for legitimate purposes subject to this Privacy Policy. Such circumstances may include:
with vendors or other third parties who perform services on our behalf (e.g., IT management, payment processing, credit check, data analytics, customer support, cloud storage);
with business and marketing partners, to provide services and advertise to you (they will use your information in accordance with their own privacy notices);
with our affiliates or otherwise within our corporate group, in our legitimate interests to run a successful business; and
to our professional advisors, law enforcement agencies, insurers, government, regulatory, and other organizations where we believe it is necessary to comply with applicable laws or to exercise, establish, or defend our legal rights, or protect the vital interests of any person.
We disclose the following categories of personal information about users for the purposes set out above:
Category
Categories of Recipients
Identifiers such as basic contact details and certain order and account information
Commercial information such as order information and customer support information
Your credit information
Internet or other similar network activity, such as Usage Data
Vendors and third parties who perform services on our behalf (such as internet service providers, payment processors, fulfillment partners, customer support partners, and data analytics providers)
Financial institutions and/or credit bureaus
Business and marketing partners
Affiliates
We do not use or disclose sensitive personal information for the purpose of inferring characteristics about you.
What Are Your Data Protection Rights?
We make sure that you are fully aware of all your data protection rights. Every user is entitled to the following:
The right to access — You have the right to request copies of your personal data. We may charge a small fee for this service.
The right to rectification — You have the right to request that we correct any information you believe is inaccurate, and to complete information you believe is incomplete.
The right to erasure — You have the right to request that we restrict the processing of your personal data, under certain circumstances and conditions.
The right to object to processing — You have the right to object to the processing of your personal data, under certain circumstances and conditions.
The right to data portability — You have the right to request that we transfer your personal data to another organization, or directly to you, under certain circumstances and conditions.
If you make a request, we have one month to respond to you. If you would like to exercise any of these rights, please contact us at info@shaamilkar.com.
Security and Retention of Your Information
All data that you provide to us remains secure with us. We have implemented various security measures to protect your personal information, including but not limited to technical, operational, managerial, and physical security. We comply with all legal requirements and have implemented the required authorizations and authentication methods to provide you seamless and secure Services.
Please be aware that no security measures are perfect or impenetrable, and we cannot guarantee “perfect security.” In addition, any information you send to us may not be secure while in transit. We recommend that you do not use unsecure channels to communicate sensitive or confidential information to us.
How long we retain your personal information depends on different factors, such as whether we need the information to maintain your account, to provide the Services, comply with legal obligations, resolve disputes, or enforce other applicable contracts and policies.
Complaints
If you have complaints about how we process your personal information, please contact us using the contact details provided below. We will respond to your complaints accordingly.
Jurisdiction
This Privacy Policy shall be governed by and interpreted in accordance with the laws of the Islamic Republic of Pakistan.
Contact
Should you have any questions about our privacy practices or this Privacy Policy, or if you would like to exercise any of the rights available to you, please call or email us at info@shaamilkar.com.
Legal
Terms of Service.
The terms governing your use of the Shaamilkar website and the Shaamilkar Tajir mobile application, operated by Shaamilkar Financial Services (Private) Limited.
Last updated: 10 June 2026Governing law: PakistanContact:info@shaamilkar.com
Shaamilkar Financial Services (Private) Limited (“SFSPL”, “we”, “us”, or “our”) operates the Shaamilkar website at shaamilkar.com (the “Website”) and the “Shaamilkar Tajir” mobile application available on Google Store (the “App”) (the terms ‘Website’ and ‘App’ collectively referred to as the ‘Platform’). SFSPL offers the Platform, including all information, tools, and Services available from it, conditioned upon your acceptance of all terms, conditions, policies, and notices stated here.
By visiting our Platform, you engage in our “Service” and agree to be bound by the following terms and conditions (the “Terms of Service” / “Terms”), including those additional terms, conditions, and policies referenced herein. These Terms apply to all users of the Platform, including without limitation customers and merchants.
Please read these Terms of Service carefully before accessing or using our Platform. If you do not agree to all the terms and conditions of these Terms, then you may not access the Platform or use any Service. Any new features or tools added to the Platform shall also be subject to these Terms. You can review the most current version at any time on the Platform.
In these Terms, the following terms shall have the meanings set out below:
“Applicable Laws” means all statutes, regulations, orders, ordinances, and rules of any governmental or regulatory authority applicable to activities under these Terms, including but not limited to the Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003 and the Non-Banking Finance Companies and Notified Entities Regulations, 2008 by the SECP, the Anti-Money Laundering Act 2010, the Prevention of Electronic Crimes Act 2016, and all amendments thereto.
“Account” means the account created by the User on the Platform for the purpose of accessing the Services and Finance.
“Finance” or “Financing” means financial products provided by SFSPL in accordance with its NBFC license and Applicable Laws.
“Operative Account” means the account maintained by the User with SFSPL for the purpose of accessing Financing Services and recording all transactions thereunder.
“Services” means the financing and related services offered by SFSPL through the Platform.
“User” means any individual who creates and maintains an active account on the Platform. The terms “User”, “you”, and “your” refer to the user of the Platform and/or the Services.
“SFSPL” means Shaamilkar Financial Services (Private) Limited, a non-banking finance company licensed by the Securities and Exchange Commission of Pakistan (SECP).
“Website” means the official website of SFSPL located at Shaamilkar.com, through which SFSPL offers information, tools, and Services to Users.
2 — Platform Terms
By agreeing with these Terms of Service, you represent that you are at least the age of majority in your province of residence, or that you have given us your consent to allow any of your minor dependents to use the Platform.
You may not use our Service for any illegal or unauthorized purpose, nor may you, in the use of the Service, violate any laws in your jurisdiction (including but not limited to copyright laws). A breach or violation of any of the Terms will result in an immediate termination of your Service.
3 — General Conditions
We reserve the right to refuse our Service to anyone for any reason at any time. You agree not to reproduce, sell, resell, or exploit any portion of the Service, use of the Service, or access to the Service, or any contact on the Platform through which the Service is provided, without express written permission by us.
The headings used in this agreement are included for convenience only and will not limit or otherwise affect these Terms.
4 — Registration and User Accounts
You are the sole authorized user of any account (“Account”) you create using the Platform. Your successful registration constitutes your acceptance of these Terms. Registration is free of charge. Mere registration creates no entitlement for provision of the Service. The data you provide for registration must be complete and accurate, and you are responsible for keeping it updated through the Platform. We have no responsibility over the use of the Account and expressly disclaim any liability therefrom. Should you suspect that any unauthorized party might be using your Account, you must notify us immediately at info@shaamilkar.com.
By providing personal details at the time of registration and during your use of the Platform, you affirmatively consent to our use of your personal details for contacting you directly to perform the Service, including occasionally sending notifications, text messages with promotional offers, service updates, and quality surveys. Notwithstanding anything contained herein, we reserve the right, at our sole discretion, to restrict, suspend, or terminate your Account if we believe you are or may be in breach of these Terms or law, or are misusing the Service.
Except with our approval, you may only register one account on the Platform. We may cancel or terminate your Account if we have reason to suspect you have concurrently registered or are controlling two or more Accounts, and we may reject your application for registration for any other reason.
Upon registration, we shall assign an account and issue a User ID and password (the latter chosen by you) to each User (“User ID”). Each User ID is unique to each Account. You are solely responsible for maintaining the confidentiality and security of your User ID and for all activities under your Account. You must not share, assign, or permit the use of your User ID by another person, and you must notify us immediately of any unauthorized use or breach of security.
5 — User Undertakings, IP Licence and Sanctions
By opening an Account and using the Services, you represent, warrant, and undertake on a continuing basis that:
you are not a person barred from receiving services under any Applicable Laws;
your use of the Platform and Services complies with all Applicable Laws and regulations in your jurisdiction;
you will not use the Services or Platform to defraud any person or entity, impersonate any person, or engage in spamming, phishing, harassment, or any other unlawful activity;
you will not attempt to copy, reproduce, exploit, or expropriate SFSPL’s proprietary directories, databases, or listings, or deploy computer viruses, destructive code, or schemes to undermine the integrity of SFSPL’s systems or networks;
you are not subject to any economic sanctions, fraud sanctions, or other restrictive measures imposed by any governmental, international, or regulatory authority; and
you are not a Politically Exposed Person (PEP) or an associate/family member of a PEP, unless you have disclosed this to SFSPL prior to registration and SFSPL has approved your Account with enhanced due diligence.
By submitting any information, data, or content to SFSPL through the Platform, and to the extent permitted by Applicable Laws, you grant SFSPL an irrevocable, perpetual, worldwide, royalty-free, and sub-licensable license to use, display, reproduce, adapt, modify, translate, distribute, and create derivative works from such information for any purpose connected with the operation of the Platform, the provision of Services, credit assessment, risk management, regulatory compliance, and SFSPL’s business operations — provided that any personal data shall be anonymized or processed strictly in accordance with SFSPL’s Privacy Policy and Applicable Laws. You confirm that you have all rights, power, and authority necessary to grant the above license.
You agree to provide all necessary information, materials, and approvals, and to render all reasonable assistance necessary for SFSPL’s provision of the Services, including in connection with any compliance review, complaint handling, or regulatory inquiry. Failure to do so may result in suspension or termination of Services without liability to SFSPL.
6 — Separate Agreements and Documents
Through the Platform, and for the use of respective Services, you may be required to enter into separate agreements or sign other similar documents with third parties. You agree to be bound by these Terms of Service. SFSPL does not guarantee and claims no liability for the content of the separate agreements with third parties through the Platform.
7 — Accuracy, Completeness and Timeliness of Information
We are not responsible if information made available on this Platform is not accurate, complete, or current. The material on this Platform is provided for general information only and should not be relied upon or used as the sole basis for making decisions without consulting primary, more accurate, more complete, or more timely sources of information. Any reliance on the material on this Platform is at your own risk.
This Platform may contain certain historical information, which is necessarily not current and is provided for your reference only. We reserve the right to modify the contents of this Platform at any time, but we have no obligation to update any information. You agree that it is your responsibility to monitor changes to our Platform.
8 — Modifications to the Service
We reserve the right at any time to modify or discontinue the Service (or any part or content thereof) without notice. We shall not be liable to you or to any third party for any such modification, suspension, or discontinuance of the Service.
9 — Optional Tools
We may provide you with access to third-party tools over which we neither monitor nor control, nor have any input. You acknowledge and agree that we provide access to such tools “as is” and “as available” without any warranties, representations, or conditions of any kind and without any endorsement. We shall have no liability whatsoever arising from or relating to your use of optional third-party tools.
Any use by you of the optional tools offered through the Platform is entirely at your own risk and discretion, and you should ensure that you are familiar with and approve of the terms on which they are provided by the relevant third-party provider(s). We may also, in the future, offer new Services and/or features through the Platform, which shall also be subject to these Terms.
10 — User Comments, Feedback and Other Submissions
If, at our request, you send certain specific submissions (for example contest entries), or without a request from us you send creative ideas, suggestions, proposals, plans, or other materials (collectively, ‘comments’), you agree that we may, at any time and without restriction, edit, copy, publish, distribute, translate, and otherwise use in any medium any comments that you forward to us. We are under no obligation (a) to maintain any comments in confidence; (b) to pay compensation for any comments; or (c) to respond to any comments.
11 — Personal Information
Your submission of personal information through the Platform is governed by our .
12 — Errors, Inaccuracies and Omissions
Occasionally there may be information on our Platform or in the Service that contains typographical errors, inaccuracies, or omissions that may relate to product descriptions, pricing, promotions, offers, charges, transit times, and availability. We reserve the right to correct any errors, inaccuracies, or omissions, and to change or update information if any information in the Service or on any related Platform is inaccurate at any time without prior notice.
We undertake no obligation to update, amend, or clarify information in the Service or on any related Platform, including without limitation pricing information, except as required by law. No specified update or refresh date applied in the Service should be taken to indicate that all information has been modified or updated.
13 — Prohibited Uses
In addition to other prohibitions set forth in the Terms of Service, you are prohibited from using the Platform or its content: (a) for any unlawful purpose; (b) to violate any international, federal, provincial, or state regulations, rules, laws, or local ordinances; (c) to infringe upon or violate our intellectual property rights or those of others; (d) to harass, abuse, insult, harm, defame, slander, disparage, intimidate, or discriminate based on gender, sexual orientation, religion, ethnicity, race, age, national origin, or disability; (e) to submit false or misleading information; (f) for any obscene or immoral purpose; or (g) to interfere with or circumvent the security features of the Service. We reserve the right to terminate your use of the Service or any related Platform for violating any of the prohibited uses.
14 — Disclaimer of Warranties; Limitation of Liability
We do not guarantee, represent, or warrant that your use of our Service will be uninterrupted, timely, secure, or error-free. We do not warrant that the results that may be obtained from the use of the Service will be accurate or reliable. You agree that from time to time we may remove the Service for indefinite periods of time or cancel the Service at any time, without giving notice to you.
You expressly agree that your use of, or inability to use, the Service is at your sole risk. The Service is (except as expressly stated by us) provided ‘as is’ and ‘as available’ for your use, without any representation, warranties, or conditions of any kind, either express or implied, including all implied warranties or conditions of merchantability, merchantable quality, fitness for a particular purpose, durability, title, and non-infringement.
In no case shall SFSPL, our directors, officers, employees, affiliates, agents, contractors, interns, suppliers, service providers, or licensors be liable for any injury, loss, claim, or any direct, indirect, incidental, punitive, special, or consequential damages of any kind — including without limitation lost profits, lost revenue, lost savings, loss of data, or replacement costs — whether based in contract, tort (including negligence), strict liability, or otherwise, arising from your use of any of the Service or any products procured using the Service, even if advised of their possibility. Our liability shall be limited to the maximum extent permitted by law.
15 — Trademarks and Copyrights
The Shaamilkar logo, Shaamilkar.com, and Shaamilkar, and other marks indicated on our Platform are trademarks or registered trademarks in the relevant jurisdiction(s). Our graphics, logos, page headers, button icons, scripts, and Service names are trademarks or trade dress and may not be used in connection with any service that does not belong to us, or in any manner likely to cause confusion, or that disparages or discredits us. All other trademarks that appear on this Platform are the property of their respective owners.
All intellectual property rights, whether registered or unregistered, in the Platform, its content, and all design — including but not limited to text, graphics, software, photos, video, music, sound, and their selection and arrangement, and all software compilations and underlying source code — shall remain our property. The entire contents of the Platform are protected by copyright as a collective work under Pakistani copyright laws and international conventions. All rights are reserved.
You may use the Platform’s software (“Software”) solely to enable your use of our Service as permitted by these Terms. You may not incorporate any portion of the Software into your own programs, transfer it for use with another service, or sell, rent, lease, lend, loan, distribute, or sub-license the Software, or otherwise assign any rights to it. You may not use the Software for any illegal purpose. You may not, and will not encourage, assist, or authorize any other person to copy, modify, reverse-engineer, decompile, disassemble, or otherwise tamper with our Software, or create any derivative works from it.
16 — Indemnification
You agree to indemnify, defend, and hold harmless SFSPL and/or our parent, subsidiaries, affiliates, partners, officers, directors, agents, contractors, licensors, service providers, subcontractors, suppliers, interns, and employees from any claim or demand, including reasonable attorneys’ fees, made by any third party due to or arising out of your breach of these Terms of Service or the documents they incorporate by reference, or your violation of any law or the rights of a third party.
17 — Severability
In the event that any provision of these Terms of Service is determined to be unlawful, void, or unenforceable, such provision shall nonetheless be enforceable to the fullest extent permitted by applicable law, and the unenforceable portion shall be deemed severed from these Terms. Such determination shall not affect the validity and enforceability of any other remaining provisions.
18 — Termination
In addition to any other legal or equitable remedies, we may, without prior notice to you, immediately terminate these Terms or revoke any or all your rights granted under these Terms. Upon any termination, you shall immediately cease all access to and use of the Platform, and we shall immediately revoke all password(s) and account identification issued to you. Any termination shall not affect the respective rights and obligations (including payment obligations) of the parties arising before the date of termination.
SFSPL may also, without prior notice, terminate or suspend your Account and access to all or part of the Services where: (a) required by the order of a competent authority or in compliance with Applicable Laws (including those pertaining to AML/CFT/KYC/CDD); (b) SFSPL reasonably suspects unauthorized or fraudulent use of your Account or that any of its security features have been compromised; or (c) SFSPL has reason to believe that you are in violation of Applicable Laws.
Termination shall not affect any accrued rights or obligations of either party. You further agree that we shall not be liable to you or any other person because of any such suspension or termination. If you are dissatisfied with the Platform or with any terms, conditions, rules, policies, guidelines, or practices, your sole and exclusive remedy is to discontinue using the Platform.
19 — Entire Agreement
The failure of us to exercise or enforce any right or provision of these Terms of Service shall not constitute a waiver of such right or provision. These Terms of Service and any policies or operating rules posted by us on this Platform constitute the entire agreement and understanding between you and us and govern your use of the Service, superseding any prior or contemporaneous agreements, communications, and proposals, whether oral or written. Any ambiguities in the interpretation of these Terms shall not be construed against the drafting party.
20 — KYC, AML and CFT Compliance
SFSPL is required by Applicable Laws to verify the identity of its Users and to comply with anti-money laundering (“AML”) and counter-terrorism financing (“CFT”) regulations. By registering on the Platform, you consent to SFSPL conducting identity verification, Know Your Customer (“KYC”), and Customer Due Diligence (“CDD”) checks, which may include verification of your CNIC, biometric data, source of funds, and other personal information as required by Applicable Laws.
SFSPL reserves the right to: (a) refuse account opening or suspend/terminate an account pending satisfactory completion of KYC/CDD requirements; (b) carry out AML/CFT and fraud checks before disbursing any Finance or processing any withdrawal of funds, including in relation to returning funds after Account closure; (c) block, freeze, or reverse transactions where fraud, money laundering, terrorism financing, or other criminal activity is suspected; and (d) report any suspicious transactions or activities to the Financial Monitoring Unit (FMU) or other relevant law enforcement authorities as required under the Anti-Money Laundering Act, 2010 and the Prevention of Electronic Crimes Act, 2016.
SFSPL shall not be liable to you for any loss or damage resulting from any action taken in good faith pursuant to its AML/CFT/KYC obligations. SFSPL reserves the right to cooperate fully with governmental authorities and may disclose your identity, contact information, and Account information if required by a government or law enforcement authority or as a result of a subpoena or other legal process.
21 — Payments, Finance Charges and Default
Users must ensure that all information regarding payments and monetary transactions in the Account is always accurate and up to date. SFSPL may at any time ask the User to confirm or verify the accuracy of payment information or transaction details, and to provide supporting documents or evidence.
Each payment shall be assigned a unique transaction ID on the Platform, visible in the transaction history. In the event of any irregularities in the transaction history, the User shall report the same to SFSPL immediately by contacting customer service.
Users agree to pay all fees, profit charges, and expenses associated with Finance or Services as per SFSPL’s schedule of charges, communicated through the Platform. SFSPL calculates charges based on risk profile, credit score, financing tenure, and requested amount. All charges payable shall be deducted from the User’s Account balance, and the User authorizes SFSPL to affect such deductions. Disbursement of financing shall not include upfront charges unless separately disclosed. Payments must be made without deduction or withholding unless required by Applicable Laws.
Users shall also be liable for all applicable taxes, duties, and levies on Finance or Services as required under Applicable Laws. SFSPL may block funds for non-compliance with tax obligations. SFSPL may block or reverse any transaction, even after funds have been credited, where: (a) fraud or criminal activity is suspected; (b) required by a court or regulatory order; or (c) the transaction exceeds payment limits set by SFSPL.
In the event of a payment default or breach of these Terms, SFSPL shall have the right to: (a) suspend or terminate the User’s Account; (b) cancel the Financing facility and demand immediate repayment of all outstanding amounts; (c) restrict or downgrade access to any or all Services; and (d) take any other corrective action or legal remedy available under Applicable Laws.
22 — Operative Account, Statements and Assignment
Each User shall maintain an Operative Account for the purpose of availing Financing Services. SFSPL shall maintain account statements reflecting all transactions, accessible through the Platform.
Users are obligated to review their account statements regularly and to report any discrepancies or unauthorized transactions to SFSPL within thirty (30) days of the relevant statement date. SFSPL may correct any clerical or computational errors in account statements at any time. Subject to any errors reported within the above period, Operative Account statements shall constitute conclusive evidence of the transactions recorded therein.
Users will receive periodic transaction notifications through the Platform or via SMS/email. SFSPL always maintains full rights over your Account. SFSPL reserves the right to assign, transfer, or novate any part of these Terms and the associated Services, in whole or in part, without the User’s prior written consent, to any successor entity, assignee, acquirer, or third-party service provider. You may not assign your rights or obligations under these Terms without SFSPL’s prior written consent.
23 — Governing Law
These Terms of Service and any separate agreements whereby we provide you Service shall be governed by and construed in accordance with the laws of Pakistan. The Parties hereby submit to the exclusive jurisdiction of the Courts of Pakistan.
In the event of any dispute arising out of or in connection with these Terms, the Parties shall endeavor to resolve the matter amicably. If the dispute cannot be resolved amicably within thirty (30) days of written notice, it shall be submitted to binding arbitration in accordance with the Arbitration Act, 1940 (as amended from time to time). The seat of arbitration shall be determined by SFSPL, and the language of arbitration proceedings shall be English. The arbitral award shall be final and binding on both Parties.
You agree that you will not bring or participate in any class action, collective action, or representative proceeding against SFSPL.
24 — Events Beyond Our Control
Under no circumstances shall we be held liable for any delay, failure, or disruption of the content or Service delivered through the Platform resulting directly or indirectly from acts of nature, forces, or causes beyond our reasonable control, including without limitation internet failures; computer, telecommunications, or other equipment failures; electrical power failures; strikes; labor disputes; riots; insurrections; civil disturbances; shortages of labor or materials; fires; flood; storms; explosions; acts of God; war; governmental actions; epidemics or pandemics; orders of domestic or foreign courts or tribunals; or non-performance of third parties.
25 — Changes to Terms of Service
We reserve the right, at our sole discretion, to update, change, or replace any part of these Terms of Service by posting updates and changes to our Platform. Updates will be communicated to you through SMS, email, or Platform notifications, and become effective upon notification. Your continued use of or access to our Platform or the Service following the posting of any changes constitutes acceptance of those changes. If you do not agree to the revised Terms, you must discontinue use of the Platform and Services.
26 — Contact Information
Questions about the Terms of Service should be sent to us at info@shaamilkar.com.