Dubai Islamic Bank (DIB), the world’s first Islamic bank and the largest in the UAE, has entered into a strategic partnership with HCLTech, a leading global technology company, to accelerate the integration of Artificial Intelligence (AI) across its operations. The collaboration, unveiled at GITEX GLOBAL 2025, underscores DIB’s commitment to advancing Islamic finance through ethical and responsible innovation.
Empowering Digital Transformation with AI
Through this alliance, DIB will leverage HCLTech’s advanced AI capabilities, including its AI Advisory services and partnerships with global technology hyperscalers, to deploy AI solutions securely, transparently, and at scale. The initiative will embed intelligence across the bank’s ecosystem to enhance customer experiences, streamline decision-making, strengthen compliance frameworks, and improve operational efficiency.
Highlighting the bank’s vision, Obaid Al Shamsi, Chief Operating Officer at DIB, said:
“Our partnership with HCLTech marks a pivotal step toward realizing an AI-driven future anchored in responsibility and purpose. This collaboration will empower our people, elevate customer experiences, and reinforce our governance frameworks.”
He added that DIB’s goal is to lead the transformation of ethical finance, ensuring that AI is implemented in a way that aligns with Shariah principles and promotes transparency, inclusion, and accountability.
A Shared Vision for Responsible Innovation
Vineet Shukla, Country Head – Middle East at HCLTech, stated:
“By leveraging HCLTech’s full-stack AI portfolio and deep domain expertise, we aim to unlock innovation, enhance agility, and deliver differentiated customer experiences for DIB.”
The partnership is expected to redefine how AI integrates within Islamic banking, merging technology, trust, and purpose to build a more inclusive and sustainable financial ecosystem.
About Dubai Islamic Bank (DIB)
Founded in 1975, DIB is the world’s first full-service Islamic bank and the largest in the UAE by assets, exceeding USD 95 billion. The bank operates with over 10,000 employees and nearly 500 branches across the Middle East, Asia, and Africa, serving more than 5 million customers globally.
DIB has played a pioneering role in promoting Shariah-compliant finance, with a presence in markets including Pakistan, Indonesia, Kenya, and Türkiye. Its acquisition of Noor Bank and strategic investments such as a 25% stake in T.O.M. Group in Türkiye further strengthen its global footprint. The bank aims to make Islamic finance the global standard rather than an alternative, integrating sustainability and innovation into its growth strategy.
About HCLTech
HCLTech is a global technology company with over 226,600 employees across 60 countries. With annual revenues of $14.2 billion (as of September 2025), HCLTech delivers cutting-edge solutions in AI, digital, engineering, cloud, and software, serving industries including financial services, manufacturing, healthcare, telecom, retail, and public services.
Summary
Dubai Islamic Bank’s collaboration with HCLTech marks a milestone in integrating responsible AI within Islamic banking. By combining HCLTech’s technological expertise with DIB’s ethical finance principles, the partnership aims to create a transparent, inclusive, and future-ready banking ecosystem—one where innovation aligns seamlessly with integrity and Shariah compliance.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.