DIB Pakistan has entered a strategic partnership with Hakeem Easy Finance by Walee Financial Services (WFS) to digitize its Shariah process for the bank’s personal finance portfolio, advancing Shariah digitalization across retail lending operations in Pakistan.
The memorandum of understanding appoints WFS as the digital infrastructure partner to transition DIB Pakistan’s Shariah operations from a traditional framework to a structured, technology-enabled model. The initiative aims to introduce digitally executed workflows that strengthen Shariah mechanics, improve documentation and enable real-time monitoring.
According to DIB Pakistan, the digital shift will allow customers to be served more efficiently and swiftly within a well-controlled environment. Customers can expect faster processing, streamlined documentation, greater transactional visibility and improved servicing through integrated systems built specifically for Shariah digitalization.
Muhammad Ali Gulfaraz, CEO of DIB Pakistan, said "This partnership reflects disciplined modernization in Islamic finance. By embedding technology within a rigorously supervised framework, we are strengthening governance, enhancing transparency, and reinforcing authentic shariah-based principles at scale."
Dubai Islamic Bank has positioned itself as an early mover in offering Shariah-compliant personal finance to customers facing immediate liquidity needs such as medical emergencies, education and marriages. To date, DIB Pakistan has served more than 50,000 customers and disbursed approximately PKR 10 billion through Shariah-compliant personal finance solutions.
Noshad Minhas, CEO of WFS, added that the collaboration demonstrates the maturity of Islamic Fintech-as-a-Service, allowing regulated institutions to preserve governance while gaining digital precision and scalable compliance. For Pakistan’s banking sector, the partnership sets a digital precedent by showing how fintech and traditional banks can modernize operations without compromising principled financial structuring.
The move is expected to reinforce DIB Pakistan’s leadership in Shariah-compliant personal finance and to expand access to principled financing across the country through improved speed, transparency and control enabled by Shariah digitalization.
