Dubai Islamic Bank Pakistan Limited

What Dubai Islamic Bank Pakistan Limited does

Dubai Islamic Bank Pakistan Limited (DIBPL) is a Pakistan-incorporated Islamic bank and a wholly-owned subsidiary of Dubai Islamic Bank (UAE), operating as a private limited company under the parent group's brand and governance framework. The bank operates 243+ branches and branchless banking booths across 62 cities in Pakistan, spanning Sindh, Punjab, Islamabad Capital Territory, Khyber Pakhtunkhwa, Balochistan, and Azad Jammu and Kashmir, targeting retail customers, SMEs, corporate clients, freelancers, women, senior citizens, and underserved populations through Sharia-compliant products.

DIBPL's product portfolio spans deposit accounts (Current, Savings, Fixed Deposits, Premium Term Deposits, Asaan, Johara, Senior Citizen, Freelancer, Muaawin, Special Saving, Itmenaan, Aayan Exclusive), consumer financing (Home Finance up to PKR 75M, Auto Finance up to PKR 3M, Personal Finance up to PKR 4M, Business Finance up to PKR 20M, Fleet Financing, Consumer Durable Finance, Secured Personal Finance), corporate and SME banking (Corporate Finance, Treasury Solutions, Trade Products, Transaction Banking, Investment Banking), debit cards across VISA, UnionPay, and PayPak networks, and digital and remittance services (Mobile App, Internet Banking, WhatsApp Banking, SMS Banking, Phone Banking, Raast, Branchless Banking, Foree Paisa, Roshan Digital Account). All products are structured under Islamic finance contracts (Mudaraba for deposits, Musharaka cum Ijara for financing, Musawamah for personal finance, Qard for current accounts) with KIBOR-linked variable pricing revised semi-annually or annually, and are approved by an internal Sharia Board with Fatwa documentation.

DIBPL earns revenue primarily through profit-based financing income (KIBOR-plus-margin rental rates), deposit-based profit sharing (Mudaraba weightages), and fee and commission income from processing fees, service charges, card fees, remittance charges, foreign exchange services, and branchless banking services. Distribution is multi-channel: physical branches, branchless banking booths, mobile and internet banking, phone banking, WhatsApp, Raast instant payments, and partnerships with major automotive OEMs (Toyota, Suzuki, Honda, Hyundai, KIA, MG, Mercedes-Benz, Porsche, Proton, others) and remittance operators (Western Union, Express Money). The bank is a member of Pakistan's Deposit Protection Corporation scheme with protection up to PKR 500,000 per depositor.

Name

Dubai Islamic Bank Pakistan Limited

Legal name

Dubai Islamic Bank Pakistan Limited

Website

https://dibpak.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Dubai Islamic Bank Pakistan Limited is a Sharia-compliant Islamic bank and wholly-owned subsidiary of Dubai Islamic Bank (UAE), operating 243+ branches across 62 cities in Pakistan. It serves retail, SME, corporate, women, senior citizens, freelancers, and diaspora customers with deposit, financing, treasury, and digital banking products.

Ownership category

akta.pro rank

Product category

Islamic Retail Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

National Commercial Banks (6021), State Commercial Banks (6022)

akta.pro primary industry

Islamic Retail Banking (FSABAGAA)

akta.pro secondary industries

Islamic SME & Commercial Banking (FSABAGAB), Islamic Corporate Banking (FSABAGAC), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF), Islamic Trade Finance & Supply Chain (Shariah-compliant) (FSABAGAE), Islamic Private Banking & Wealth (FSABAGAD)

Keywords

• Islamic banking services
• Sharia-compliant financing
• Consumer lending
• Corporate banking
• Retail deposit accounts

Headquarters

HQ city

Karachi

HQ country

Pakistan

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain, Others

Revenue model

1. Financing Income: Profit-based financing through Musharaka cum Ijara model for home, auto, personal, and business finance. Variable rental rates based on KIBOR plus margin.
2. Deposit-based Profit Sharing: Mudaraba-based savings and investment deposits where profit is distributed based on weightages considering tenor, amount, and payment frequency
3. Fee and Commission Income: Processing fees, service charges, ATM/debit card fees, remittance charges, and other banking service fees
4. Foreign Exchange Services: Currency exchange and conversion services for foreign currency accounts in USD, GBP, EUR, AED
5. Branchless Banking Services: Domestic money transfer (Foree Paisa), cash deposits/withdrawals, bill payments through booth network

Pricing tiers

Go-to-market motion2 records

Distribution channels8 records

Marketing channels6 records

Core offering

Dubai Islamic Bank Pakistan Limited operates as an Islamic bank providing Shariah-compliant banking services across retail, consumer, corporate, SME, treasury, trade, and investment banking segments. Its core offerings include multi-currency current and savings accounts, fixed deposits, consumer financing (home, auto, personal, business, fleet, durable goods), corporate and SME finance, debit cards on VISA, UnionPay and PayPak networks, branchless banking, domestic and international remittances, and digital banking channels. All products are structured under Islamic finance principles using Mudaraba, Musharaka cum Ijara, Musawamah, and Qard contracts with full Sharia Board oversight.

Product overview

Dubai Islamic Bank Pakistan Limited operates as an Islamic bank offering a comprehensive suite of Shariah-compliant banking products and services across retail, corporate, and digital banking segments. The core product portfolio comprises multiple account types (Current, Savings, Fixed Deposits, Specialized Accounts like Johara for women and Senior Citizen accounts), consumer financing products (Home Finance up to Rs. 75 million, Auto Finance, Personal Finance, Business Finance, Fleet Financing, Consumer Durable Finance), and an extensive debit card portfolio including VISA Infinite, VISA Signature, VISA Aayan, UnionPay Asia Prestige/Gold/Silver, and PayPak Classic cards. The bank provides digital banking services through Mobile Banking App, Internet Banking, WhatsApp Banking, SMS Banking, Phone Banking, and Raast instant payments, alongside branchless banking and domestic/international remittance services. Corporate and SME banking offerings include Corporate Finance, Treasury Solutions, Trade Products, Transaction Banking, Investment Banking, and Wajaha Priority Banking. Additional specialized services include Agri Finance, Bancatakaful (Islamic insurance), and Roshan Digital Account for overseas Pakistanis. All products operate under Islamic finance principles using modes including Mudaraba, Musharaka cum Ijara, Musawamah, and Qard contracts.

Differentiator

Problem solved

Functional benefit

Products and services

• Current Account Non-remunerative checking account designed for frequent transactions, offered in PKR, USD, GBP, EUR, and UAE Dirham currencies. Based on Qard contract for Riba-free transactions. Minimum initial deposit Rs. 1,000 with unlimited transactions and no minimum balance restriction.
• Saving Account Investment account allowing depositors to earn Halal returns on savings with flexibility to withdraw funds when required. Based on unrestricted Mudaraba contract with daily product weightages and monthly profit distribution.
• Asaan Account Checking account designed for low-income unbanked/under-banked masses including skilled/unskilled workforce, farmers, laborers, women, self-employed, and pensioners with minimal documentation requirements.
• Johara Account Specialized checking/saving account for women entrepreneurs, salaried individuals, housewives, and female students. Offered in PKR, USD, GBP, EUR, and AED with benefits including free locker waiver and discounted financing rates.
• Itmenaan Account Transactional account for individuals, SMEs, and commercial entities offering free banking services and complementary Takaful coverage up to PKR 1 million.
• Senior Citizen Account Savings account for senior citizens, widows, and pensioners aged 60+ with high returns, complimentary Takaful coverage, and free banking services.
• Fixed Deposits Long and short-term fixed deposit investment vehicle offering attractive Halal returns in PKR and USD with tenors from 1 month to 7 years and profit payment frequencies of monthly, quarterly, semi-annually, or at maturity. Minimum Rs. 100,000 or USD 2,000.
• Premium Term Deposit Certificate High-yielding fixed deposit product with minimum booking amount of PKR 2,500,000 for 1-year tenure with monthly payout and profit at maturity options.
• Freelancer Account PKR and Foreign Currency current account designed for digital/online service providers to receive international freelance payments directly, offered in PKR, USD, GBP, EUR, and AED.
• Muaawin Account Banking account designed for Persons with Disabilities (PWDs) enabling financial inclusion with specialized services.
• Aayan Exclusive Banking Exclusive premium banking offering for affluent individuals with enhanced deposit returns, Aayan VISA Debit Card, higher cash withdrawal limits, and dedicated financial advisory services.
• Home Finance Shariah-compliant home purchase, renovation, construction, and balance transfer financing using Shirkat-ul-melk cum Ijara model with maximum financing up to Rs. 75 million and up to 70% of property value.
• Auto Finance Sharia-compliant auto financing using Musharaka cum Ijara model for new and used vehicles up to 9 years old with financing up to PKR 3 million. Processing fee Rs. 8,352.
• Personal Finance 100% Shariah-compliant personal financing based on Musawamah concept for education, marriage, medical expenses, credit card settlements, and balance transfers from PKR 50,000 to PKR 4 million with 6-48 month tenure.
• Business Finance Shariah-compliant term finance for business needs using Shirkat-ul-Melk cum Ijara model with maximum financing up to Rs. 20 million and minimum property value Rs. 2,000,000.
• Fleet Financing Commercial and private vehicle fleet financing with flexible KIBOR-based rates, minimum financing of PKR 10 million, and tenors from 1-5 years with up to 90% financing available.
• Consumer Durable Finance Shariah-compliant financing for home appliances, furniture, bikes, solar panels, cell phones, and generators from PKR 30,000 to PKR 2 million with tenors from 6-36 months and zero down payment.
• Corporate Finance Islamic-compliant corporate financing solutions for large businesses and institutions.
• Treasury Solutions Treasury and liquidity management services for corporate and institutional clients.
• Trade Products Trade finance and banking products including letters of credit, guarantees, and documentary collections.
• Transaction Banking Cash management and transaction banking services for corporate clients.
• Investment Banking Islamic-compliant investment banking services for wealth growth and management.
• Wajaha Priority Banking Priority banking services with exclusive privileges, alliances, and premium product offerings for high-value customers.
• Agri Finance Islamic-compliant agricultural financing solutions for farmers and agri-businesses.
• Bancatakaful Islamic insurance products and Takaful services for customers seeking Shariah-compliant protection.
• Dubai Islamic Foree Paisa Instant domestic money transfer service allowing CNIC holders to send and receive money through any DIBPL branch or branchless banking booth 24/7.
• International Home Remittance Pay Out Service for beneficiaries to collect international remittances through designated branchless banking booths from Western Union and Express Money.
• Roshan Digital Account Banking solution for overseas Pakistanis enabling digital account opening and management from abroad.
• Mobile Banking App DIB Mobile App for Android and iOS enabling digital account management, transactions, and banking services on mobile devices, including digital onboarding in minutes.
• Internet Banking Online banking platform for account access, fund transfers, bill payments, and comprehensive banking services via web browser.
• WhatsApp Banking Banking services delivered through WhatsApp platform for customer convenience and real-time communication.
• DIB Cards (VISA, UnionPay, PayPak Debit Cards) Full range of Shariah-compliant debit cards including VISA Infinite, VISA Signature, VISA Aayan, UnionPay Asia Prestige, UnionPay Gold, UnionPay Silver, and PayPak Classic for diverse customer segments.

Quantifiable outcome

• Maximum Home Finance up to Rs. 75 million with up to 70% property value financing
• +3 more outcomes

Named customers8 records

Segments7 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature4 records

Partnerships

14 partnerships are on record, tiered core and minor.

• Toyota PakistancoreChannel Partner/ Reseller/ DistributorAuto finance alliance partner enabling customers to purchase Toyota vehicles through Sharia-compliant financing (Musharaka cum Ijara model).
• Suzuki Motor Corporation PakistancoreChannel Partner/ Reseller/ DistributorAuto finance alliance partner for Suzuki vehicle financing. Customers can finance new and used Suzuki cars through DIBPL.
• Honda Atlas Cars PakistancoreChannel Partner/ Reseller/ DistributorHonda auto finance partner. DIBPL offers Sharia-compliant financing for Honda vehicles up to Rs. 3 million.
• Hyundai PakistancoreChannel Partner/ Reseller/ DistributorHyundai auto finance alliance partner. Financing available for Hyundai vehicles through Islamic banking model.
• KIA PakistancoreChannel Partner/ Reseller/ DistributorKIA auto finance partnership for Sharia-compliant vehicle financing.
• MG (Morris Garages) PakistancoreChannel Partner/ Reseller/ DistributorMG auto finance alliance partner offering Islamic financing for MG vehicles.
• Sazgar Motors PakistancoreChannel Partner/ Reseller/ DistributorSazgar Motors auto finance partner for financing Chinese vehicles and commercial vehicles.
• FAW PakistancoreChannel Partner/ Reseller/ DistributorFAW auto finance alliance for Chinese vehicles.
• Porsche PakistancoreChannel Partner/ Reseller/ DistributorPremium auto finance partner for Porsche luxury vehicles through Islamic financing.
• Mercedes-Benz PakistancoreChannel Partner/ Reseller/ DistributorPremium auto finance partner for Mercedes-Benz luxury vehicles.
• Western UnioncoreChannel Partner/ Reseller/ DistributorInternational home remittance payout partner. Beneficiaries can collect Western Union transfers at DIBPL branches and branchless banking booths.
• Express MoneycoreChannel Partner/ Reseller/ DistributorMoney transfer operator partner for international remittance payouts.
• Prince Pearl PakistanminorChannel Partner/ Reseller/ DistributorAuto finance alliance for Prince Pearl vehicles.
• Proton PakistanminorChannel Partner/ Reseller/ DistributorAuto finance alliance for Proton vehicles.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Meezan Bank: Pakistan's largest dedicated Islamic bank, offering a comparable Sharia-compliant retail, corporate, and consumer finance suite across an extensive branch network. Most direct competitor for DIBPL's Islamic banking franchise and Sharia-first positioning.
• BankIslami Pakistan: Pakistan-based full-fledged Islamic bank with similar retail, corporate, and consumer finance offerings. Competes head-to-head with DIBPL for Islamic banking customers and Sharia-compliant deposits.
• Al Baraka Bank (Pakistan): Subsidiary of Al Baraka Banking Group (Bahrain), operates as a Sharia-compliant bank in Pakistan with retail, corporate, and treasury offerings. Closely comparable foreign-affiliated Islamic bank peer.

Emerging players

• MCB Bank: One of Pakistan's largest conventional banks with a growing Islamic banking window. Competes for the same corporate and SME customers and is rapidly expanding Sharia-compliant offerings across Pakistan.
• Bank Alfalah: Large private-sector Pakistani bank with a fast-growing Islamic banking franchise. Overlaps with DIBPL on consumer finance, digital banking, and remittance corridors.
• United Bank Limited: Major Pakistani bank with established Islamic banking operations and extensive digital infrastructure. Comparable in auto finance partnerships and corporate banking reach.
• Habib Bank Limited: Pakistan's largest bank by assets with a sizeable Islamic banking division. Overlaps DIBPL on retail deposits, remittance, and increasingly on Sharia-compliant consumer finance.
• Faysal Bank: Pakistan-based Islamic-focused bank with a strong Sharia-compliant consumer finance franchise. Directly competes in personal, auto, and home financing segments that drive DIBPL's consumer book.

Regional players

• Al Rajhi Bank: Saudi Arabia's largest Islamic bank and a global Islamic banking benchmark. Comparable Sharia-compliant product architecture and retail franchise; serves as a regional reference point rather than a direct competitor in Pakistan.

Broad incumbents

• Dubai Islamic Bank (UAE): Parent company of DIBPL and the world's largest Islamic bank by assets. Operates a much broader GCC-centric retail, corporate, and investment banking franchise while DIBPL is its Pakistan subsidiary.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/DibPakistan
• Facebookfacebook.com/DIBPakistan

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dubai Islamic Bank Pakistan Limited