Dubai Islamic Bank (DIB), the world’s first Islamic bank, has announced a strategic partnership with HCLTech to accelerate the adoption of artificial intelligence (AI) across its ecosystem.
The partnership reinforces DIB’s commitment to shaping the future of Islamic finance through responsible innovation, HCLTech said in a release.
Through this collaboration, DIB will leverage HCLTech’s AI capabilities, including AI advisory, and global alliances with hyperscalers and technology partners to deploy AI responsibly, effectively and at scale.
By embedding intelligence across its operations, the bank aims to deliver personalised customer experiences, enhance decision-making, streamline processes and strengthen risk and compliance frameworks.
The 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.
“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,” Obaid Al Shamsi, chief operating officer at DIB, said.
“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 responsibly applied, has the power to transform banking into a more transparent, inclusive and future-ready ecosystem,” Shamsi added.
Vineet Shukla, country head Middle East, 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.”
As the partnership takes shape, it is set to redefine ways in which AI is integrated within Islamic banking, where technology, trust and purpose converge to create smarter, more inclusive and more sustainable financial ecosystems, the company said.
Established in 1975, DIB is the largest Islamic bank in the UAE by assets and a public joint stock company listed on the Dubai Financial Market.
Spearheading the evolution of the global Islamic finance industry, DIB is also the world’s first full-service Islamic bank and among the largest Islamic banks in the world.
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