New Delhi, Oct 22 (UNI) Dubai Islamic Bank (DIB), the world’s first Islamic Bank and the largest in UAE, has announced a strategic partnership with HCLTech, a leading global technology company, a DIB statement said today.
The partnership, which was announced at GITEX GLOBAL 2025, reinforces DIB’s commitment to shape the future of Islamic Finance through responsible innovation.
Obaid AL Shamsi, Chief Operating Officer of DIB, said, ‘At DIB, innovation has always been anchored in responsibility and purpose. Our partnership with HCLTech marks a pivotal step forward in realising our vision of an AI-driven future that enhances value for our customers, empowers our people, and strengthens our governance frameworks.’
‘We remain committed to leading the evolution of ethical finance by embracing advanced technologies that combine intelligence with integrity. This collaboration reflects our belief that AI, when applied, has the power to transform banking into a more transparent, inclusive, and future-ready ecosystem,’ Shamsi added.
Now, DIB will leverage HCLTech’s advanced AI capabilities, including AI advisory and global alliances with hyperscalers and technology partners to deploy AI responsibly, effectively and at scale.
The bank aims to deliver personalised customer experiences, enhance decision-making, streamline processes, and strengthen risk and compliance frameworks.
Vineet Shukla, Country Head Middle East of HCLTech, said, ‘By leveraging HCLTech’s full-stack AI portfolio and deep domain expertise, we look forward to collaborating with DIB to unlock innovation, enhance operational agility, and deliver differentiated experiences for customers.’
This partnership underscores DIB’s unwavering commitment to innovation guided by integrity, ensuring that AI adoption within Islamic Finance remains responsible, transparent, and in full alignment with Shariah principles, the statement added.
DIB was established in 1975 by Saeed Bin Ahmed Lootah.
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