In a significant development for Islamic digital banking, DIB Pakistan has entered into a strategic partnership with Hakeem Easy Finance by Walee Financial Services to digitize the Shariah process for its personal finance portfolio. The collaboration marks a structured shift from a traditional operational framework to a technology-enabled model designed to enhance governance, transparency, and efficiency.
The Memorandum of Understanding was signed by the leadership of both institutions, formally appointing Walee Financial Services as the digital infrastructure partner for DIB Pakistan’s personal finance Shariah operations. Under the agreement, WFS will support the transition of Shariah processes into a structured digital environment, embedding workflow controls and documentation standards within an integrated system.
Through this initiative, DIB Pakistan aims to serve customers more efficiently and swiftly while maintaining a rigorously supervised Shariah-compliant framework. The move introduces digitally executed processes to strengthen Shariah workflow mechanics, improve transparency across transactions, and enable real-time monitoring supported by structured documentation. By digitizing key operational layers, the bank intends to enhance oversight and reduce process friction without altering the underlying Shariah structure.
Muhammad Ali Gulfaraz, CEO of DIB Pakistan, described the partnership as a disciplined modernization step in Islamic finance. He stated that embedding technology within a supervised framework would strengthen governance, enhance transparency, and reinforce authentic Shariah-based principles at scale. His remarks reflect a broader industry direction where compliance integrity and digital enablement are being aligned rather than treated as competing priorities.
DIB Pakistan is recognized as the first bank in the industry to offer Shariah-compliant personal finance to customers at times when immediate liquidity is required for pressing needs such as medical emergencies, education expenses, marriage, and other essential life events. By focusing on accessible, faith-aligned financing, the bank has positioned its personal finance portfolio as a core inclusion channel.
To date, the bank has served over 50,000 customers, disbursing approximately PKR 10 billion through Shariah-compliant personal finance solutions. These figures underline sustained demand for structured Islamic liquidity solutions and demonstrate the scale at which DIB operates within the segment. The institution has framed its personal finance offering as part of a wider commitment to financial inclusion through ethical and responsible financing.
Noshad Minhas, CEO of Walee Financial Services, said the collaboration demonstrates the maturity of Islamic Fintech-as-a-Service, enabling institutions to preserve robust governance while benefiting from digital precision and scalable compliance. The IFaaS model aims to provide regulated banks with technology layers that integrate compliance controls directly into operational workflows.
According to DIB Pakistan, customers will experience faster processing, streamlined documentation, improved transactional visibility, and enhanced servicing through integrated digital systems. For the broader industry, the initiative sets a digital benchmark in Islamic personal finance, illustrating how regulated institutions and fintech innovators can collaborate to modernize operational infrastructure while safeguarding principled financial structuring.
The partnership underscores a growing intersection between Islamic banking and fintech infrastructure, where process digitization is being applied not merely for convenience but to reinforce compliance depth, documentation rigor, and scalable governance across expanding customer bases.
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