PalmPay is an interest-free

smartphone financing services

Hold the BNPL Service License issued by the Securities and Exchange Commission of Pakistan (SECP). We utilize the Shariah-compliant Musawamah model.

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what is PalmPay

PalmPay is honored to hold the BNPL Service License issued by the Securities and Exchange Commission of Pakistan (SECP). We utilize the Shariah-compliant Musawamah model to provide regulated, transparency.

Musawamah Trading Model

Asset Procurement

Fixed Price Transfer

Flexible Installments

we are partnered with

This exclusive Islamic financing plan is tailored for Pakistan's most trusted mobile brands.

Exclusive for Transsion Smartphones

Why . Choose . PalmPay . Why . Choose . PalmPay

why choose PalmPay?

PalmPay is a 100% Shariah-compliant digital platform offering Pakistani users smartphone financing with ultra-
low down payments and late fees donated to charity.

Instant Digital Experience

Guided full-process operations. Based on our digital credit model, smartphone installment approval is completed in as little as 5 minutes.

Low Entry Barrier

Inclusive financing solutions specifically designed for Pakistani users, allowing you to take home a new phone with a very low down payment.

Comparison Feature

FeaturePalmPay (Musawamah)Traditional Installment Loan

PriceFixed Total Trade PriceVariable Interest Rates

Contract TypeTrading/Sale ContractDebt/Loan Contract

Late FeesDonated to Charity (No Profit)Bank's Compound Interest Income

Compliance100% Shariah CompliantInterest Rate-Based Framework

Shariah Advisory Board

Board Members

01 / 02

He is a Shariah Scholar and Certified Shariah Adviser & Auditor (CSAA) with expertise in Islamic finance, Shariah governance, and Shariah compliance advisory. He has been involved in Shariah advisory engagements for national and international clients, including financial institutions, Mutual funds, Fintechs and corporate structures, ensuring alignment with Shariah Guidelines. He also serving as several Shariah boards and review committees, supporting product structuring, documentation review, and regulatory compliance across Islamic Finance and investment platforms.

Manager R&D Alhamd

Mufti Asjad Shoaib

Shariah Governance & Supervision "PalmPay is committed to financial inclusion in Pakistan. We have appointed an independent Shariah Advisory Board responsible for the full-process audit from product design to charitable donations."

Download Official Shariah Certificate (Fatwa)

To maintain transparency, we make all compliance documents signed by the Board available to the public. You can review detailed Shariah opinions regarding the Musawamah model and the handling of late fees.

Get Official Fatwa