Company Information

Get to know Qist Bazaar

Founded by Arif Lakhani and Karim Jindani, Qist Bazaar is a Buy Now, Pay Later (BNPL) e-commerce platform based in Pakistan. The company's mission is to promote financial inclusion by providing a wide range of products, from electronics to household appliances, on easy monthly installments (Qist). It specifically targets the unbanked and underbanked segments of the population, operating on a Shariah-compliant model to ensure its financial practices align with Islamic principles. By offering an accessible alternative to traditional credit, Qist Bazaar enables consumers to purchase essential items without requiring a bank account or credit card.

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Qist Bazaar

Pakistan

Founded in

2021 (5 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.