In a major development for Islamic banking, Dubai Islamic Bank Pakistan (DIB Pakistan) has signed a strategic partnership with Walee Financial Services (WFS), the company behind Hakeem Easy Finance, to digitize its Shariah process for its personal finance portfolio.
Under the Memorandum of Understanding (MoU), WFS will act as the digital infrastructure partner. The goal is to shift DIB Pakistan’s personal finance Shariah operations from a traditional system to a structured, technology-driven model.
Through this collaboration, DIB Pakistan aims to serve customers more quickly and efficiently within a secure digital environment, while strengthening its position in the Shariah-compliant personal finance sector.
The new system introduces a fully digital process to improve Shariah workflow management, increase transparency, and allow real-time monitoring with properly structured documentation.
Muhammad Ali Gulfaraz, CEO of DIB Pakistan, said the partnership represents disciplined modernization in Islamic finance. He noted that integrating technology within a strictly supervised framework will enhance governance, improve transparency, and reinforce authentic Shariah principles at scale.
DIB Pakistan is recognized as one of the first banks in the industry to offer Shariah-compliant personal finance solutions for urgent needs such as medical emergencies, education, marriage, and other essential life events.
So far, the bank has served more than 50,000 customers and disbursed around PKR 10 billion in Shariah-compliant personal finance. This reflects its commitment to ethical financing and financial inclusion.
Noshad Minhas, CEO of WFS, said the partnership highlights the growing maturity of Islamic Fintech-as-a-Service (IFaaS). He added that institutions can now maintain strong governance standards while benefiting from digital efficiency and scalable compliance systems.
According to DIB Pakistan, customers will experience faster processing, simplified documentation, better transaction visibility, and improved service through integrated digital systems. The initiative is expected to set a new benchmark for digital transformation in Islamic personal finance, showing how banks and fintech firms can work together without compromising Shariah principles.
