Dubai Islamic Bank Pakistan Limited (DIBPL), one of the country’s most prominent Islamic banks, has joined hands with Fauree Tech (Pvt.) Ltd. to launch Pakistan’s first multi-product, fully Shariah-compliant Digital Supply Chain Finance (DSCF) platform. The collaboration marks a historic leap forward in the country’s fintech and Islamic finance ecosystem, combining innovation, transparency, and faith-based financial principles.
The signing ceremony took place in Karachi, attended by senior executives from both institutions. Representing Dubai Islamic Bank were CEO Mr. Muhammad Ali Gulfaraz, Head of Corporate & Investment Banking Mr. Mujahid Zuberi, and Chief Digital Officer Mr. Zaka Ur Rehman. From Fauree Tech, CEO Mr. Azhar Tasadduq, Director & Chief Business Officer Mr. Suhaib Dar, and Head of Projects Mr. Ezaaz Waseem led the proceedings.
Through this strategic alliance, DIB and Fauree will roll out a range of Islamic supply chain finance products such as Tijarah Finance and the Export Finance Scheme (EFS) for indirect exporters. The platform will empower corporates, suppliers, and distributors to access seamless, transparent, and fast financing solutions that comply with Shariah principles and align with the State Bank of Pakistan’s regulatory framework.
Mr. Muhammad Ali Gulfaraz, CEO of Dubai Islamic Bank Pakistan, highlighted that supply chain financing is a strategic priority for the bank. He said the partnership reflects DIB’s commitment to driving digital transformation and broadening access to Islamic financial services, especially for small and medium enterprises (SMEs). He added that enabling more Shariah-compliant financing for SMEs is essential for supporting Pakistan’s economic growth.
Mr. Azhar Tasadduq, CEO of Fauree Tech, described the collaboration as a significant milestone in Pakistan’s financial digitalization journey. He emphasized that Fauree’s platform ensures transparency, compliance, and scalability, allowing banks to expand their Islamic financing portfolios while enabling SMEs and exporters to access liquidity with ease.
The partnership represents a forward-looking step toward strengthening Pakistan’s real economy by empowering SMEs, exporters, and suppliers through advanced, Shariah-compliant financial technology solutions that bring together innovation and Islamic principles.
