DIB Pakistan has signed a Memorandum of Understanding with Hakeem Easy Finance by Walee Financial Services to digitize the Shariah process across its personal finance portfolio, appointing WFS as the digital infrastructure partner to transition Shariah operations from a traditional model to a structured, technology-enabled framework. This move signals a clear commitment to Shariah digitalization in Pakistan’s Islamic banking sector.
The partnership introduces a digitally executed workflow designed to strengthen Shariah mechanics, enhance transparency and enable real-time monitoring with structured documentation. Muhammad Ali Gulfaraz, CEO of DIB Pakistan, said, “By embedding technology within a rigorously supervised framework, we are strengthening governance, enhancing transparency, and reinforcing authentic Shariah-based principles at scale,” highlighting the bank’s focus on robust control and compliant operations as part of its Shariah digitalization agenda.
Dubai Islamic Bank was an early mover in offering Shariah-compliant personal finance for urgent needs such as medical emergencies, education, marriage and other essential life events. To date the bank has served more than 50,000 customers and disbursed roughly PKR 10 billion through Shariah-compliant personal finance solutions, reflecting DIB Pakistan’s emphasis on financial inclusion and ethical lending practices.
Noshad Minhas, CEO of Walee Financial Services, said, “This collaboration demonstrates the maturity of Islamic Fintech-as-a-Service, enabling institutions to preserve robust governance while benefiting from digital precision and scalable compliance.” Customers are expected to see faster processing, streamlined documentation, greater transactional visibility and improved servicing through integrated digital systems as part of the Shariah digitalization effort.
The initiative sets a new operational precedent for Islamic personal finance in Pakistan, showing how regulated banks and fintech innovators can modernize core processes without compromising principled financial structuring. By prioritising Shariah digitalization, DIB Pakistan and WFS aim to deliver more efficient, transparent and well-governed personal finance services for customers across the country.
