Dubai Islamic Bank Pakistan Limited (DIBPL)

DIBPL first Islamic Bank to sign up for PayPak cards

Dubai Islamic Bank #Pakistan Limited (DIBPL) and 1-Link signed historic agreement for the issuance of PayPak cards in Pakistan. In line with State Bank of Pakistan (SBP) Vision 2020 to enhance and promote Financial Inclusion, 1LINK introduced Pakistan’s First Domestic Payment Scheme 'PayPak' which is aimed to provide efficient, cost-effective, and robust payments solutions. DIBPL remains committed to SBP vision to enhance and promote financial inclusion of unbanked population nationwide. PayPak’s strategic objective includes offering Domestic Payment Scheme to provide low cost payment services to every citizen of Pakistan.

DIBP record profit of Rs 316m

Dubai Islamic Bank Pakistan Limited (DIBPL) has annlounced a record pre-tax profit of Rs 316 million for the year ending December 31, 2011.
The year 2011 pointed numerous achievements for DIBPL and the bank opened 39 new branches in a short period of time, having now 75 banks in 30 cities.
DIBPL is determined to keep the momentum going for 2012 as well, having the purpose to take the branch network to surpass 100 branches together with opening 25 branchless banking booths. This would allow an overall footprint of 125 outlets for the bank nationwide.

Dubai Islamic Bank to open 25 new branches

Dubai Islamic Bank Pakistan Limited (DIBPL) has planned to open 25 new branches in various cities of Pakistan by next year.
Junaid Ahmed, President and CEO DIBPL, stated that since starting operation in Pakistan in 2006, the bank has 72 branches. He added that under its consumer banking division, the bank is offering state-of-the-art Sharia compliant products that effectively compete with those being provided in the market by conventional banks.

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