Social Islami Bank Limited (SIBL) and iFarmer have signed a Memorandum of Understanding (MoU) recently at the head office of the bank.
In presence of Zafar Alam, managing director and CEO of SIBL, Sadat Ahmad Khan, SVP and Head, SME and Agricultural Finance Division, SIBL, and Fahad Ifaz, CEO of iFarmer, signed the MoU in favour of their respective organizations, according to a press release.
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Senior officials from both the organisations were also present in the programme.
The MoU has been signed with a view to disbursing agricultural investment through SIBL, ensuring use of modern farming technology and creating alternative supply chain for ensuring just prices of the produce.
