Pakistan fintech firm Haball has raised $52 million in funding to expand its Shariah-compliant supply chain financing and payments services. The funding will also support the company's expansion into the Middle East, starting with Saudi Arabia. Haball provides shariah-compliant financing to small and medium-sized enterprises (SMEs) and multinationals, as well as digital invoicing, payment collection, and tax compliance services. Islamic banking and finance has been growing rapidly in Pakistan, with the central bank aiming for 30% of overall banking assets and deposits to be Islamic by this year.