In a landmark development for Islamic banking in Pakistan, Dubai Islamic Bank Pakistan (DIB Pakistan) has entered into a strategic partnership with Hakeem Easy Finance by Walee Financial Services (WFS) to digitize its Shariah process for the personal finance portfolio. This collaboration marks a significant step toward modernizing Shariah-compliant financial operations through structured, technology-driven solutions.
The agreement was formalized through a Memorandum of Understanding (MoU) signed by the leadership of both institutions. Under the partnership, Walee Financial Services (WFS) will serve as the digital infrastructure partner, enabling DIB Pakistan to transition its personal finance Shariah operations from a traditional manual framework to a streamlined, technology-enabled model.
Strategic Shift Toward Digital Shariah Operations
The partnership reflects DIB Pakistan’s forward-looking strategy to embed digital innovation within its Islamic finance framework. By digitizing Shariah workflow processes, the bank aims to enhance governance standards, ensure structured documentation, and introduce real-time monitoring across its personal finance portfolio.
Through this digital transformation initiative, DIB Pakistan will be able to deliver faster, more efficient services in a secure and well-controlled environment. The structured digital system is designed to strengthen Shariah workflow mechanics while improving transparency and operational precision.
This move positions DIB Pakistan at the forefront of digital Islamic banking innovation, reinforcing its leadership in the Shariah-compliant personal finance segment.
Leadership Perspective on Modernization
Muhammad Ali Gulfaraz, CEO of DIB Pakistan, emphasized that the partnership represents disciplined modernization in Islamic finance. According to him, embedding technology within a rigorously supervised Shariah framework enhances governance standards and strengthens transparency without compromising authentic Islamic financial principles.
The initiative demonstrates how regulated Islamic financial institutions can integrate advanced digital infrastructure while maintaining strict adherence to Shariah compliance. By scaling technology within a supervised structure, DIB Pakistan aims to improve institutional efficiency while preserving ethical financial foundations.
Expanding Access to Shariah-Compliant Personal Finance
Dubai Islamic Bank Pakistan has played a pioneering role in offering Shariah-compliant personal finance solutions to customers facing urgent financial needs. The bank provides immediate liquidity for essential life events, including medical emergencies, education expenses, marriage, and other pressing requirements.
To date, DIB Pakistan has successfully served more than 50,000 customers, disbursing approximately PKR 10 billion through its Shariah-compliant personal finance products. This milestone underscores the bank’s commitment to financial inclusion and responsible financing.
By ensuring customers can access funds without compromising their faith-based financial values, DIB Pakistan continues to strengthen trust within Pakistan’s Islamic banking sector.
Role of Islamic Fintech-as-a-Service (IFaaS)
Noshad Minhas, CEO of Walee Financial Services (WFS), highlighted that the collaboration demonstrates the growing maturity of Islamic Fintech-as-a-Service (IFaaS). The model allows financial institutions to maintain robust governance structures while benefiting from digital precision and scalable compliance systems.
Through this partnership, WFS will provide the digital backbone necessary to enhance process automation, improve audit trails, and ensure structured compliance across DIB Pakistan’s Shariah personal finance operations.
The initiative illustrates how fintech innovation can complement Islamic banking frameworks, creating a balance between regulatory oversight and technological advancement.
Customer Benefits and Industry Impact
According to DIB Pakistan, customers will experience faster processing times, streamlined documentation procedures, enhanced transactional visibility, and improved overall servicing. The integration of digital systems ensures that personal finance requests can be processed efficiently while maintaining full transparency.
For the broader Islamic banking industry, this initiative establishes a new benchmark in digital Shariah-compliant personal finance. It demonstrates that collaboration between established Islamic banks and fintech innovators can modernize operations without compromising principled financial structuring.
As Pakistan’s Islamic banking industry continues to expand, the integration of digital infrastructure into Shariah governance frameworks is expected to become increasingly essential. This partnership serves as a model for how financial institutions can evolve responsibly in a rapidly digitizing economy.
Strengthening Leadership in Islamic Banking
With this strategic alliance, DIB Pakistan further solidifies its position as a leader in Shariah-compliant personal finance. The digitization of Shariah workflows not only enhances operational efficiency but also strengthens institutional credibility and customer confidence.
The collaboration between DIB Pakistan and Hakeem Easy Finance by Walee Financial Services reflects a shared commitment to ethical finance, innovation, and scalable digital transformation. As Islamic banking enters a new era of technological advancement, such partnerships are likely to redefine how Shariah-compliant financial services are structured and delivered in Pakistan.
