Dubai Islamic Bank Pakistan appoints Gulfaraz as new CEO

May 02, 2025 (MLN): Dubai Islamic Bank Pakistan Limited has revealed the appointment of Mr. Muhammad Ali Gulfaraz as its new Chief Executive Officer, effective May 2, 2025.

Gulfaraz brings over 25 years of experience in both international and domestic markets, with expertise spanning Corporate and Investment Banking, Strategy, Risk Management, and Digital Transformation across the UK, Europe, and Pakistan.

His career includes holding senior leadership positions at prominent financial institutions globally and locally.

He previously served as the CEO and Managing Director of the Bank of Khyber, where he led significant reforms in digitalization, governance, and operations.

On the international front, Mr. Gulfaraz spent more than a decade at Mizuho Corporate Bank in London, where he was Managing Director and Head of Corporate & Investment Banking for the UK, Ireland, and the Nordic countries.

Before this, he worked at Bank of America in London for over twelve years, ultimately becoming Principal in Global Corporate & Investment Banking, with early roles focusing on credit risk and portfolio management.

Beyond his banking career, Mr. Gulfaraz was Executive Director at Fauji Foundation, where he oversaw group strategy and investments, and served on the boards of various portfolio companies.

He holds a Bachelor's degree in Economics and a Master's in Agricultural and Managerial Economics, with a focus on Finance, from the University of California, Davis.

An alumnus of Cadet College Hasan Abdal, he has also completed advanced professional training in London, Tokyo, and San Francisco.

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