The Center for Excellence in Islamic Finance (CEIF) at IBA Karachi recently marked a significant milestone, celebrating a decade of advancing Islamic finance in Pakistan with a commemorative event titled “A Decade of Empowering Islamic Finance.” The event highlighted the progress of Islamic finance education, research, and practice in the country while recognizing the contributions of key industry partners, including Dubai Islamic Bank (DIB) Pakistan.
Dr. Irum Saba, Director of IBA-CEIF, acknowledged the unwavering support of industry stakeholders in shaping the Islamic finance ecosystem. She specifically highlighted Dubai Islamic Bank as a leading contributor and global pioneer in promoting ethical banking practices in Pakistan. The bank’s consistent engagement underscores its role in driving a values-based financial system rooted in Shariah principles.
Dubai Islamic Bank Pakistan is entering its twentieth year of operations in the country, building a reputation as a trusted and innovative financial institution. Guided by the vision “Progress never stops,” DIB continues to offer Shariah-compliant and globally competitive financial solutions that prioritize integrity, customer-centricity, and financial inclusion. Its approach emphasizes not only profitability but also meaningful social impact, reinforcing its position as a catalyst for positive industry transformation.
Muhammad Ali Gulfaraz, Chief Executive Officer of Dubai Islamic Bank Pakistan, remarked on the significance of ethical finance in shaping Pakistan’s economy. He stated, “The evolution of Islamic finance in Pakistan reflects the power of values-led innovation. At DIB, we are proud to contribute to this journey by shaping a financial ecosystem where progress, ethics, and impact move together. Our aspiration is to redefine success, not just in numbers, but in the positive change we create for people and the economy.”
Beyond its industry influence, DIB Pakistan is committed to making ethical banking accessible to all segments of society. The bank has expanded its branch network while simultaneously investing in digital infrastructure, enabling customers to access innovative banking solutions anytime, anywhere. This dual focus on physical and digital presence allows DIB to cater to diverse customer needs while maintaining strong governance and operational excellence.
The IBA-CEIF 10-year celebration served as a platform for dialogue on the future of Islamic finance, emphasizing collaboration, innovation, and inclusivity. DIB’s participation highlighted the importance of integrating ethical principles with modern banking technologies to foster sustainable growth in the sector. The bank’s digital initiatives, combined with its comprehensive Shariah-compliant offerings, exemplify how ethical banking can coexist with technological innovation in the modern financial landscape.
As Islamic finance continues to gain momentum in Pakistan, Dubai Islamic Bank stands out as a model institution demonstrating how ethical, values-driven banking can drive both economic and social impact. Its commitment to integrity, innovation, and inclusion positions the bank as a leading force shaping the future of Islamic finance in the country.
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