Dubai Islamic Bank Pakistan Limited (DIBPL) Appoints Mr. Muhammad Ali Gulfaraz as Chief Executive Officer

Karachi, [Monday, May 05, 2025] – Dubai Islamic Bank Pakistan Limited (DIBPL) Appoints
Mr. Muhammad Ali Gulfaraz as Chief Executive Officer, a wholly-owned
subsidiary of Dubai Islamic Bank UAE (DIB), is pleased to announce the appointment of Mr. Muhammad Ali Gulfaraz as its new Chief Executive Officer (CEO).
Mr. Gulfaraz is an international banking executive with over 25 years of international and domestic experience in Corporate & Investment Banking, Strategy, Risk Management and Digital Transformation across UK, Europe and Pakistan.
Before joining DIBPL, Mr. Gulfaraz served as CEO & Managing Director of Bank of Khyber, where he led major digital, governance, and operational transformation initiatives. His global banking journey includes over a decade at Mizuho Corporate Bank (London, UK), where he served as Managing Director and Head of Corporate & Investment Banking for the UK, Ireland, and Nordic Countries. He also spent more than 12 years with Bank of America (London, UK), rising to the position of Principal in the Global Corporate & Investment Banking Group. Additionally, he served as Executive Director at Fauji Foundation, where he oversaw strategic investments and board engagements across a wide portfolio of companies.
Speaking on his new role, Mr. Gulfaraz said: “It is an honour to join Dubai Islamic Bank Pakistan Limited,
which is part of a strong and dynamic group that seeks to become the most progressive Islamic Financial
Institution in the world. I look forward to building on the Bank’s strong foundations to achieve sustainable growth through a culture of innovation and customer centricity.”
Mr. Gulfaraz is an alumnus of Cadet College Hasan Abdal. He holds a B.A. in Economics and an M.Sc. in
Agricultural & Managerial Economics (Finance) from the University of California, Davis. He has also
completed several professional training programs in London, Tokyo and San Francisco.
This appointment underscores DIBPL’s commitment to strengthening its leadership, driving innovation, and advancing its strategic growth ambitions within Pakistan’s Islamic finance sector.