DIB and HCLTech forge strategic AI innovation partnership

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 accelerate the adoption of Artificial Intelligence (AI) across its ecosystem. Announced at GITEX GLOBAL 2025, the partnership reinforces DIB's commitment to shaping the future of Islamic finance through responsible innovation.

Through this collaboration, DIB will leverage HCLTech's Advanced AI capabilities, including AI Advisory, and global alliances with hyperscalers and technology partners to deploy AI responsibly, effectively and at scale. By embedding intelligence across its operations, the bank aims to deliver personalized customer experiences, enhance decision-making, streamline processes and strengthen risk and compliance frameworks.

The partnership underscores DIB's unwavering commitment to innovation guided by integrity, ensuring that AI adoption within Islamic finance remains responsible, transparent and in full alignment with Shariah principles.

"At DIB, innovation has always been anchored in responsibility and purpose. Our partnership with HCLTech marks a pivotal step forward in realizing our vision of an AI-driven future that enhances value for our customers, empowers our people and strengthens our governance frameworks," said Obaid Al Shamsi, Chief Operating Officer, DIB.

"We remain committed to leading the evolution of ethical finance by embracing advanced technologies that combine intelligence with integrity. This collaboration reflects our belief that AI, when responsibly applied, has the power to transform banking into a more transparent, inclusive and future-ready ecosystem," Al Shamsi added.

Vineet Shukla, Country Head Middle East, HCLTech, said: "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."

As this partnership takes shape, it is set to redefine ways in which AI is integrated within Islamic banking - where technology, trust, and purpose converge to create smarter, more inclusive, and more sustainable financial ecosystems.

Shares of HCL Technologies Limited was last trading in BSE at Rs. 1487.85 as compared to the previous close of Rs. 1495.75. The total number of shares traded during the day was 28315 in over 4067 trades.

The stock hit an intraday high of Rs. 1503.45 and intraday low of 1481.15. The net turnover during the day was Rs. 42276054.00.

Source : Equity Bulls

Keywords

HCLTechnologies INE860A01027 DIB UAE StrategicPartnership AI GITEXGLOBAL2025