MCB Islamic Bank and AICL-WTO have formalized a strategic partnership by signing an agreement, marking an important step forward in MCB Islamic’s Digital First strategy and customer-focused
innovation.
The agreement was formally signed by Mr. Zargham Khan Durrani, President & CEO of MCB Islamic Bank, and Mr. Muhammad Ali Zeb, MD & CEO of AICL-WTO, reaffirming the strong commitment of both organizations towards innovation-led collaboration.
Speaking on the occasion, Mr. Zargham Khan Durrani, President & CEO of MCB Islamic Bank, stated:
“This initiative reflects our Digital First approach and how we innovate, by listening to customers and reimagining digital deposit accounts as instruments of care, not just safekeeping. By offering free Takaful protection at account opening without any balance requirement, we are strengthening trust, accelerating digital adoption, and advancing meaningful financial inclusion.”
Through this initiative, free Takaful, protection will be exclusively embedded into MCB Islamic Asaan Digital Accounts, MCB Islamic Asaan Digital Remittance Accounts & MCB Islamic Freelancer Digital Accounts upon digital account opening and continued activity on digital channels, with no balance requirement, reinforcing trust and accelerating digital adoption.
Mr. Muhammad Ali Zeb, MD & CEO of AICL-WTO, remarked:
“We highly appreciate the Bank’s visionary approach of embedding free Takaful into digital deposit accounts as a truly customer-first initiative. As a committed partner, we stand fully aligned with MCB Islamic to ensure this protection is delivered seamlessly, responsibly, and at scale, making this program a lasting success.”
Highlighting the product philosophy behind the initiative, Mr. Muhammad Hassan Tariq, Head of Products, BI & Transformation at MCB Islamic Bank, added:
“This product is designed for every Pakistani citizen, regardless of background, income level, or location because security and peace of mind should never be exclusive. We began with customer concerns such as protection, reassurance, and zero cost rather than traditional product boundaries.
With free Mobile, Laptop, Health, Accident, and Cash Takaful embedded into our digital deposit accounts, we are confident this innovation will drive strong and sustained growth.”
This alliance represents another step forward in strengthening trust, expanding digital outreach and redefining banking beyond transactions towards care, protection and long-term customer value.
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