Pakistan launches first-ever agri-infrastructure sukuk to boost food security and climate resilience
Pakistan has issued its first agri-infrastructure sukuk—valued at Rs 2 billion in a landmark step toward Shariah-compliant, climate-resilient financing for the country’s agriculture sector.
Launched by InfraZamin Pakistan, Sunridge Foods (Pvt) Limited, and BankIslami Pakistan, the sukuk was formally unveiled at the Pakistan Stock Exchange (PSX).
“This Sukuk not only boosts our capacity but also strengthens Pakistan’s food systems through sustainable and inclusive growth,” said Amir Shahzad, chairman and executive director of Sunridge Foods. The proceeds will fund Sunridge’s modernization efforts, including renewable energy projects and the construction of silos and warehouses to expand food storage and reduce emissions.
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Muhammad Ali Bandial