Karachi: Dubai Islamic Bank Pakistan Limited (DIBPL), in partnership with ZLK Islamic Financial Services, has launched an initiative to broaden access to Shariah-compliant financial products. The memorandum of understanding, signed at DIBPL's headquarters in Karachi, aims to provide Roshan Digital Account holders and local clients with a range of Riba-free financial services, including brokerage services.

According to Dubai Islamic Bank, the agreement was signed by Junaid Ahmed, CEO of DIBPL, and Zahid Latif Khan, Chairman of ZLK Islamic Financial Services. This collaboration seeks to leverage the expertise of Pakistan’s first Shariah-compliant brokerage firm to offer ethical investment opportunities such as shares, GoP Ijaras Sukuk, ETFs, and Murabaha Share Financing (MSF). The initiative underscores both institutions' commitment to enhancing financial inclusion through innovative and ethical banking solutions.

The partnership is designed to meet the needs of customers seeking Halal returns on their investments, promoting both financial well-being and adherence to Shariah principles. Through this strategic collaboration, DIBPL and ZLK Islamic Financial Services aim to contribute significantly to the development of Pakistan's Islamic financing sector, setting a benchmark for Shariah-compliant financial practices.