KARACHI
\nDubai Islamic Bank Pakistan Limited (DIBPL), a subsidiary of Dubai Islamic Bank UAE, the world\u2019s first Islamic Bank, has partnered with ZLK Islamic Financial Services, Pakistan\u2019s first Shariah-compliant brokerage firm.
\nThe MoU signing ceremony was held at DIBPL\u2019s registered Head Office in Karachi. The MOU was signed by Junaid Ahmed, CEO of DIBPL, and Zahid Latif Khan, Chairman of ZLK Islamic Financial Services, in the presence of Ashfaq Ahmad Khan, COO of ZLK Financial Services, and Naveed Malik, Head of Consumer Banking at DIBPL and other departmental heads of DIBP.
\nThis strategic collaboration aims to enhance access to Shariah-compliant financial products for DIBPL\u2019s extensive customer base, including Roshan Digital Account holders and local clients. Customers will gain brokerage services of investing in a variety of Riba-free financial products such as shares, GoP Ijaras, Sukuk, ETFs, and Murabaha Share Financing (MSF).
\nThis initiative demonstrates DIBPL and ZLK Islamic Financial Services\u2019 commitment to promoting and expanding ethical and Shariah-compliant financial solutions in Pakistan.
\nMr. Junaid Ahmed, CEO, DIBPL, commented: \u201cAt DIBPL, we are committed to pioneering Islamic banking solutions. This collaboration with ZLK Islamic Financial Services highlights our dedication to expanding access to innovative financial products, promoting financial inclusion and prosperity.\u201d
\nMr. Naveed Malik, Head of Consumer Banking, DIBPL, added: \u201cOur collaboration with ZLK enhances our business by opening new markets and streamlining operations. This partnership aligns with our vision of generating Halal Munafa and promoting financial inclusion, providing Shariah-compliant banking services to underserved populations for positive social and economic impacts.\u201d
\nMr. Zahid Latif Khan, Chairman, ZLK Islamic Financial Services, emphasized the strategic importance of the partnership, stating: \u201cWe are excited to partner with DIBPL to enhance our brokerage services and provide clients with seamless access to Shariah-compliant investment opportunities. Together, we will deliver value-added solutions that meet the highest standards of Islamic finance.\u201d
\nThrough this partnership, DIBPL and ZLK Islamic Financial Services aim to foster a conducive ecosystem for Shariah-compliant products and services, contributing to the sustainable growth and development of Pakistan\u2019s Islamic finance sector.<\/p>\n","protected":false},"excerpt":{"rendered":"
KARACHI Dubai Islamic Bank Pakistan Limited (DIBPL), a subsidiary of Dubai Islamic Bank UAE, the world\u2019s first Islamic Bank, has partnered with ZLK Islamic Financial Services, Pakistan\u2019s first Shariah-compliant brokerage firm. The MoU signing ceremony was held at DIBPL\u2019s registered Head Office in Karachi. The MOU was signed by Junaid Ahmed, CEO of DIBPL, and […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-420008","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n