DIB and HCLTech Form Strategic Alliance for AI-Driven Innovation

Dubai Islamic Bank (DIB), the world’s first Islamic bank and the largest in the UAE, has announced a strategic partnership with HCLTech, a leading global technology company, to drive the adoption of Artificial Intelligence (AI) across its ecosystem. 

The collaboration was unveiled at GITEX GLOBAL 2025, marking a major step in DIB’s journey toward digital transformation and innovation in Islamic finance.

Key Development

Under this partnership, DIB will leverage HCLTech’s advanced AI portfolio and global alliances to embed AI responsibly across its operations. The integration aims to deliver personalised customer experiences, streamline internal processes, enhance decision-making, and strengthen risk and compliance frameworks, while ensuring adherence to Shariah principles.

As per the exchange filings, Obaid Al Shamsi, Chief Operating Officer of DIB, said, “Our partnership with HCLTech marks a pivotal step forward in realising our vision of an AI-driven future that enhances value for our customers, empowers our people and strengthens our governance frameworks.”

Strategic Impact

As per the exchange filings, Vineet Shukla, Country Head–Middle East at HCLTech, added, “By leveraging HCLTech’s full-stack AI portfolio and deep domain expertise, we look forward to collaborating with DIB to unlock innovation, enhance operational agility and deliver differentiated experiences for customers.”

The initiative is expected to redefine how AI integrates within Islamic banking, combining technology, trust, and purpose to create a smarter and more sustainable financial ecosystem.

Read More: HCLTech and Zscaler Collaborate on AI-Driven Network and Security Upgrade

HCL Technologies Share Price Performance

As of October 23, 2025, 10:40 AM, HCL Technologies share price is trading at ₹1,535.30 per share, reflecting a surge of 3.32% from the previous closing price.

Conclusion

The partnership between DIB and HCLTech underscores a shared commitment to ethical AI innovation, reinforcing DIB’s leadership in responsible finance and HCLTech’s role as a global technology enabler.

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