Dubai Islamic Bank Partners with JazzCash to Enhance Digital Financial Solutions and Remittances

Karachi, [Tuesday, July 08, 2025] – Dubai Islamic Bank Pakistan Limited (DIBPL), has joined hands with
JazzCash, Pakistan’s leading fintech organization, to facilitate and grow inland home remittance transactions to
Pakistan through innovative, easy and seamless digital financial solutions. A Memorandum of Understanding (MoU) was signed at Dubai Islamic Bank’s Head Office in the presence of senior management from both organizations.
This strategic collaboration enables international remittances to be routed directly into JazzCash accounts via
DIBPL’s global network, providing customers with faster, more convenient, and secure access to funds. The
partnership will also explore innovative digital financial solutions tailored to the needs of freelance community in
Pakistan.
Commenting on the occasion, Muhammad Ali Gulfaraz, CEO of DIBPL, said, “This partnership with JazzCash is
motivated by our commitment to deliver inclusive and innovative financial solutions. By combining our
international and domestic scale with JazzCash’s extensive last mile digital reach to millions of recipients, we aim to make remittances and digital transactions more accessible, secure, and aligned with the needs of a diverse customer base.”
Adding to this, Murtaza Ali, President of JazzCash, said, “With over a quarter of Pakistan’s 2.3 million freelancers
already relying on JazzCash for their payments, this partnership with DIBPL allows us to deepen our impact and
build tailored solutions for a rapidly growing segment of the digital economy. Together, we are enabling more
seamless cross-border transactions, particularly for freelancers who need fast, secure, and Shariah-compliant access to global payments.”
As Pakistan’s freelance sector continues to gain momentum globally, initiatives like this play a vital role in bridging financial gaps and empowering independent professionals with the right tools to manage and grow their earnings. By combining DIBPL’s international reach with JazzCash’s digital infrastructure, the collaboration sets the foundation for broader financial access, economic empowerment, and long-term growth in Pakistan’s digital services landscape.
This partnership reinforces both organizations’ commitment to promoting financial inclusion, enhancing user
convenience, and advancing Pakistan’s digital economy—all within a Shariah-compliant and regulatory-compliant
framework.