Al Baraka Bank (Pakistan) Limited (ABPL), marked a significant milestone in its Digital Transformation Journey with the inauguration of its Digital Hub (Design Lab) and Digital Auto Finance, reinforcing the Bank’s commitment to innovation, customer convenience, digital transformation and Shariah-compliant financial solutions.
The inauguration ceremony was attended by Syed Sohail Javaad- Executive Director, (Digital Financial Services Group), State Bank of Pakistan, Mr. Muhammad Atif Hanif – CEO, Al Baraka Bank (Pakistan) Limited, Senior Management of the Bank and esteemed guests from SBP, Business, Academia, Technology and Financial Industry including Mr. Faisal Mazhar – Head of Innovation Division, State Bank of Pakistan, Mr. Najeeb Agrawalla – CEO, 1Link, Mr. Omer Ahmed Khan, CEO – Avanza Solutions and Mr. Umar Ahsan Khan – CEO, Dawlance, Mr. Naveed Sharif, CEO Unikrew Solutions, Mr. Muhammad Mairaj Yousuf, GM Systems Limited, Ms. Lubna Ahmed, Director Industry Relations Habib University, and Mr. Muhammad Qaiser, Financial Controller Master Changan Motors.
The Digital Hub is designed to serve as a centralized ecosystem for collaboration across digital innovation, design and transformation, enabling the bank to deliver enhanced customer experiences, faster service delivery, and seamless access to the Bank’s growing portfolio of digital Islamic banking products.
The newly launched Digital Auto Finance facility enables customers to apply for auto financing through a streamlined digital process from Al Baraka Mobile Banking App and Website, ensuring efficiency, and compliance with Islamic financing principles. The facility is designed to significantly reduce processing time while delivering a convenient, paper-less experience for customers seeking Shariah-compliant auto financing solutions.
Al Baraka Bank (Pakistan) Limited continues to invest in technology and innovation while remaining firmly rooted in its core values of customer centricity, integrity, Shariah compliance, and trust. The launch of the Digital Hub and Digital Auto Finance underscores the Bank’s aspiration to elevate the customer services to new heights through innovation and technology adaptation in the Islamic Banking.