Al Baraka Bank (Pakistan) Limited (ABPL) has achieved an important milestone in its digital transformation journey with the launch of its Digital Hub (Design Lab) and Digital Auto Finance. This initiative reflects the Bank’s continued commitment to innovation, customer convenience, digital excellence, and the delivery of Shariah-compliant financial solutions.
The inauguration ceremony was attended by Syed Sohail Javaad, Executive Director (Digital Financial Services Group), State Bank of Pakistan, along with Mr. Muhammad Atif Hanif, Chief Executive Officer of Al Baraka Bank (Pakistan) Limited. Senior management of the Bank and distinguished guests from the State Bank of Pakistan, business community, academia, technology, and the financial industry were also present at the event.
Prominent attendees included Mr. Faisal Mazhar, Head of Innovation Division, State Bank of Pakistan; Mr. Najeeb Agrawalla, CEO of 1Link; Mr. Omer Ahmed Khan, CEO of Avanza Solutions; Mr. Umar Ahsan Khan, CEO of Dawlance; Mr. Naveed Sharif, CEO of Unikrew Solutions; Mr. Muhammad Mairaj Yousuf, General Manager at Systems Limited; Ms. Lubna Ahmed, Director Industry Relations at Habib University; and Mr. Muhammad Qaiser, Financial Controller at Master Changan Motors.
The Digital Hub has been established as a centralized platform for collaboration in digital innovation, design, and transformation. It is aimed at enhancing customer experience, enabling faster service delivery, and providing seamless access to the Bank’s growing range of digital Islamic banking products.
Alongside this, Al Baraka Bank (Pakistan) Limited has introduced Digital Auto Finance, allowing customers to apply for auto financing through a simple and fully digital process via the Al Baraka Mobile Banking App and the Bank’s official website. This facility significantly reduces processing time while offering a paperless and convenient experience in full compliance with Islamic financing principles.
Al Baraka Bank (Pakistan) Limited continues to invest in advanced technology and innovation while staying firmly rooted in its core values of customer centricity, integrity, Shariah compliance, and trust. The launch of the Digital Hub and Digital Auto Finance highlights the Bank’s vision to elevate customer services through innovation and the adoption of modern digital solutions within the Islamic banking framework.