Dubai Islamic Bank partners with ZLK Islamic

KARACHI: Dubai Islamic Bank Pakistan Limited (DIBPL) has partnered with ZLK Islamic Financial Services, Pakistan’s first Shariah-compliant brokerage firm, to offer a wider range of Islamic financial products to its customers.

The partnership was announced following a signing ceremony held at DIBPL’s head office in Karachi. CEO of DIBPL Junaid Ahmed and Chairperson of ZLK Islamic Financial Services Zahid Latif Khan signed the memorandum of understanding (MOU).

This collaboration aims to provide DIBPL’s customers, including Roshan Digital Account holders and local clients, with access to Shariah-compliant investment options such as shares, government Ijaras, Sukuk, ETFs, and Murabaha Share Financing (MSF).

“We are committed to pioneering Islamic banking solutions,” said Junaid. “This partnership highlights our dedication to expanding access to innovative financial products and promoting financial inclusion and prosperity.”

The agreement is expected to benefit both institutions. DIBPL expects to reach new markets and streamline operations, while ZLK Islamic Financial Services aims to enhance its brokerage services and expand its client base.

“Our collaboration with ZLK enhances our business and aligns with our vision of generating Halal Munafa and promoting financial inclusion,” said Naveed Malik, head of consumer banking at DIBPL.