Karachi, February 1, 2016: Dubai Islamic Bank Pakistan Limited (DIBPL), and Porsche Pakistan have entered into a Strategic Alliance agreement enabling a landmark luxury automobile experience platform for their respective customer base nationwide.

DIBPL is a wholly-owned subsidiary of Dubai Islamic Bank UAE, world’s first Islamic Bank. Porsche Pakistan is the authorized importer of Porsche AG, the most profitable automotive manufacturer in the world; with more than 200,000 units delivered in 2015.

The signing ceremony was held at DIBPL Head Office Karachi in the presence of senior officials from both organizations including Mr. Abuzar Bokhari (CEO, Porsche Pakistan), Mr. Junaid Ahmed, (CEO, DIBPL) and Mr. Khawaja Asif (Head of Consumer Banking, DIBPL).

Speaking on the occasion, Mr Junaid Ahmed (CEO – DIBPL) said “This is one of the most important initiatives of this year, as DIBPL is privileged to be the first and exclusive Bank in the industry to enter this strategic business alliance with Porsche Pakistan. This business venture will surely benefit both DIBPL & Porsche Pakistan as this collaboration will improve DIBPLs market leading footprint and help to further grow its share in Pakistan’s Auto Finance and Priority Banking business”.

Mr. Abuzar Bokhari (CEO, Porsche Pakistan) said “We see a huge potential for luxury and sport cars in Pakistan and I am delighted to have DIBPL as our first and exclusive strategic alliance Islamic Bank. Together we are offering best value proposition to DIBPL and our customers, which will help them in their automobile purchase, financing and priority banking needs”.

Mr. Khawaja Asif from DIBPL further said, “We have always endeavored to provide innovative financial products and services to our customers through our growing network of over 243 locations (200 Branches and 43 Branchless Booths) across 62 cities in Pakistan. As DIBPL celebrates its 10th Anniversary, we continue to reaffirm DIBPL commitment of World Class Banking expertise with the largest Shari’a compliant product suite in Retail, Corporate, Consumer, Trade, Commercial, Treasury and Investment Banking services across Pakistan.”