In a groundbreaking move to boost financial inclusion and empower female business leaders across Pakistan, the Securities and Exchange Commission of Pakistan (SECP) has formally approved a revolutionary digital financing product. Named “Khud Mukhtar Khatoon”, this innovative financial solution is explicitly designed to eliminate the historical barriers women face when attempting to secure traditional business capital.
Introduced by Walee Financial Services, this fully digital facility allows Pakistani women to secure micro-loans ranging from Rs. 100,000 up to Rs. 1.5 million (Rs. 15 Lac) directly through their smartphones.
The “Khud Mukhtar Khatoon” Program Explained
The “Khud Mukhtar Khatoon” product is a huge shift from the traditional tedious and paper centric banking models. It is a 100% digital initiative, meaning that the applicants do not go through bank counters or long queues of people in physical banks or through complex paperwork pipelines.
It has been structured financially in a manner that is sensitive to religious values and it is totally Shariah-compliant. It is not a cash loan with a standard high interest rate, but rather it is an Islamic asset financing system. The selected applicants will be able to apply the money to buy real business equipment, e.g., manufacturing machines, commercial equipment, high-end laptops or specialized tools needed to expand their business. Upon approval, borrowers pay back the entire amount of financing in a series of equal monthly payments over a flexible 1-year repayment period.
Step-by-Step Guide to Apply via the Hakeem Mobile App
To keep the application channel secure and accessible, Walee Financial Services has integrated the entire project into its flagship “Hakeem” mobile application. Eligible female entrepreneurs can apply by following these five straightforward steps:
Step 1: Install the Hakeem App
Download the official Hakeem Mobile App from the Google Play Store or Apple App Store and complete your initial biometric profile setup using your smartphone camera.
Step 2: Select the Women Financing Track
Navigate to the main dashboard interface and select the “Khud Mukhtar Khatoon” or Islamic Asset Financing portal.
Step 3: Define Asset Requirements & Funding Size
Input the exact financial amount your business requires (between Rs. 100,000 and Rs. 15 Lac) and specify the precise machinery or equipment you intend to purchase.
Step 4: Digital Document Upload
Scan and upload clear digital images of your valid Computerized National Identity Card (CNIC) alongside basic verifiable proofs of your business setup (e.g., pictures of your workplace or utility bills).
Step 5: Real-Time E-Verification & Disbursement
The backend system evaluates your application using automated e-verification metrics. Upon swift regulatory verification and digital signature confirmation, the asset acquisition order is approved and disbursed directly to the asset vendor.
SECP’s Rising Drive for Financial Inclusion
Enhancing the economic independence of women remains a vital strategic priority for the federal regulator. According to recently published data by the SECP, lending Non-Banking Financial Companies (NBFCs) in Pakistan experienced exponential growth, dispersing a massive Rs. 111 billion in micro-financing between July and December 2025 alone. This historical capital injection directly benefited nearly 7.5 million micro and small businesses within a single six-month window.
The launch of the “Khud Mukhtar Khatoon” framework on the Hakeem app marks the next phase of this financial evolution, successfully bringing underserved female entrepreneurs into the mainstream formal economy.
