Prime Minister Terms Launch of Digital Islamic Bank a Landmark in Pakistan–Kuwait Economic Cooperation
Islamabad, The Gulf Observer: Prime Minister Muhammad Shahbaz Sharif on Tuesday hailed the launch of Digital Islamic Bank, describing the issuance of its commercial license as a major milestone in the evolution of Pakistan’s financial sector and a significant step toward strengthening bilateral economic cooperation between Pakistan and the Kuwait.
Addressing the closing session of the licensing ceremony, the prime minister emphasized that strong political relations must be matched by meaningful economic engagement. He underscored that sustainable, long-term partnerships require substantive cooperation in trade, investment, and the financial sector.
“Pakistan and Kuwait are brotherly nations bound by decades of strong cultural, political, and people-to-people relations,” the prime minister said. “The time has now come to elevate these ties to broader horizons of economic and investment collaboration, ensuring their continued growth and sustainability.”
Congratulating the management of Digital Islamic Bank on securing its license as Pakistan’s third digital retail bank, the prime minister expressed confidence that the institution would play a pivotal role in advancing financial inclusion, fostering innovation, and delivering fully Sharia-compliant digital banking services. He noted that digital Islamic banking is central to modernizing Pakistan’s financial system while remaining firmly anchored in Islamic values and principles.
Speaking on the occasion, Nasser Abdulrahman Jasser, Ambassador of the State of Kuwait to Pakistan, congratulated the Digital Islamic Bank team, terming the granting of the license a practical manifestation of the deep-rooted fraternal relations between the two countries. He said Kuwait’s leadership has consistently stood by Pakistan at critical junctures and reaffirmed Kuwait’s commitment to expanding bilateral cooperation, particularly in trade, investment, and financial services.
Chairman of the Board of Directors of Digital Islamic Bank, Abdullah Al-Mutairi, expressed gratitude to the Government of Pakistan and the State Bank of Pakistan for their continued support, commending the regulatory framework that facilitated the establishment of the bank. He also presented a commemorative souvenir to the prime minister.
Meanwhile, Omar Ejaz, Chief Executive Officer of Digital Islamic Bank, said the bank will offer innovative, fully Sharia-compliant digital banking solutions aimed at enhancing accessibility, improving operational efficiency, and elevating customer experience, while supporting Pakistan’s national objective of expanding financial inclusion.
The ceremony was attended by the ambassador of the State of Kuwait to Pakistan, the Acting Governor of the State Bank of Pakistan, senior government officials, and leading executives from the banking and financial sectors.
