DIBPL, Salaam Family Takaful sign MoU for Islamic financial growth

March 12, 2025 (MLN): Dubai Islamic Bank Pakistan Limited (DIBPL) has entered into a strategic partnership with Salaam Family Takaful Limited, the first-ever digital family takaful provider, by signing a Memorandum of Understanding (MoU) at the DIBPL Head Office in Karachi.

This collaboration aims to transform Shariah-compliant financial solutions by integrating innovative savings and investment opportunities with life Takaful coverage, set to launch soon.

The signing ceremony was attended by senior executives from both organizations, underscoring their shared commitment to promoting financial inclusion and stability through tailored Islamic financial products.

This strategic alliance marks a significant milestone in the financial sector, introducing new avenues for Shariah-compliant financial growth in Pakistan.

Through this partnership, DIBPL customers will gain access to Salaam Family Takaful’s comprehensive savings and investment plans designed to secure their financial future while providing life protection.

The upcoming offerings will address diverse financial goals and protection needs, ensuring peace of mind for families across Pakistan, according to the press release issued today.

By integrating digital innovation with Islamic financial principles, the collaboration aims to enhance accessibility and affordability for a wider customer base.

Speaking on the occasion, Junaid Ahmed, Chief Executive Officer of DIBPL, stated: This partnership represents a significant milestone in our journey to provide value-driven, Shariah-compliant financial solutions.

He further mentioned that by collaborating with Salaam Family Takaful, we are expanding our range of offerings to better serve the needs of our diverse clientele, helping them achieve financial stability while adhering to Islamic principles.

This aligns perfectly with our vision of encouraging financial well-being through innovative and Shariah-compliant banking solutions, he added.

Commenting on the partnership, Rizwan Hussain, MD and Chief Executive Officer of Salaam Family Takaful, remarked: This partnership with Dubai Islamic Bank Pakistan is a significant step in expanding access to Shariah-compliant financial and protection solutions.

By combining Salaam Family Takaful’s expertise in innovative digital takaful products with DIBPL’s extensive reach and commitment to excellence, we aim to provide customers with holistic financial security.

Together, we are setting a new benchmark for Islamic financial solutions that cater to the evolving needs of individuals and families across Pakistan.

This strategic collaboration between Dubai Islamic Bank Pakistan and Salaam Family Takaful is expected to revolutionize the Islamic finance sector by offering digital-first, Shariah-compliant financial solutions tailored to the needs of modern consumers.

The initiative underscores the growing demand for ethical financial products in Pakistan and is poised to create a long-lasting impact on the financial well-being of individuals and families nationwide.

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