Dubai Islamic Bank Pakistan Limited (DIBPL), one of Pakistan’s leading Islamic banks, has partnered with Fauree Tech (Pvt.) Ltd., the country’s pioneering digital supply chain finance platform, to launch the nation’s first multi-product, fully Shariah-compliant Digital Supply Chain Finance (DSCF) platform.
The signing ceremony was held in Karachi, attended by senior leaders from both organizations. Dubai Islamic Bank was represented by Mr. Muhammad Ali Gulfaraz, Chief Executive Officer; Mr. Mujahid Zuberi, Head of Corporate & Investment Banking; and Mr. Zaka Ur Rehman, Chief Digital Officer. Fauree Tech’s team included Mr. Azhar Tasadduq, Chief Executive Officer; Mr. Suhaib Dar, Director & Chief Business Officer; and Mr. Ezaaz Waseem, Head of Projects.
Through this collaboration, DIB and Fauree will introduce a comprehensive range of Islamic supply chain finance products, including Tijarah Finance and the Export Finance Scheme (EFS) for indirect exporters. The platform is designed to enable corporates, suppliers, and distributors to access fast, transparent, and fully digital financing solutions that comply with Shariah principles and the State Bank of Pakistan’s regulations.
Speaking at the event, Mr. Muhammad Ali Gulfaraz said, “Supply chain financing is an important focus area for us. This partnership with Fauree reflects our commitment to driving digital transformation and expanding access to Shariah-compliant supply chain finance for corporates and SMEs. Supporting SME financing is essential for Pakistan’s economic growth. Through such collaboration, we aim to deliver innovative financial solutions that unlock value for our customers and shareholders.”
Mr. Azhar Tasadduq added, “This agreement with Dubai Islamic Bank marks a major milestone in Pakistan’s journey toward digital, Shariah-compliant financing. Fauree’s platform ensures transparency, compliance, and scalability, offering banks the tools to expand their financing portfolios while enabling SMEs and exporters to seamlessly access liquidity.”
This strategic partnership is set to strengthen Pakistan’s real economy by supporting SMEs, exporters, and suppliers through innovative Islamic financing solutions designed to foster growth and sustainability.