Islamabad, May 2, 2025: Dubai Islamic Bank Pakistan Limited has officially announced the appointment of Mr. Muhammad Ali Gulfaraz as its new Chief Executive Officer, starting from May 2, 2025.
With an impressive background spanning over 25 years, Gulfaraz brings deep expertise from both global and local banking sectors.
His strong command in corporate banking, investment strategy, risk handling, and digital innovation has been shaped across regions including the UK, Europe, and Pakistan.
He has occupied top-level positions in renowned international and national banks, most notably as the CEO and Managing Director of Bank of Khyber, where he spearheaded significant reforms in digital systems, governance frameworks, and operational structures.
Gulfaraz’s global footprint includes ten years at Mizuho Corporate Bank in London, where he led as Managing Director and Head of Corporate & Investment Banking, overseeing business in the UK, Ireland, and Nordic nations.
Prior to that, he spent more than a decade at Bank of America in London, rising to the rank of Principal within the Global Corporate & Investment Banking division.
Beyond these achievements, Gulfaraz also played executive roles at the Faují Foundation, with notable work in consumer lending, retail services, credit evaluation, and portfolio supervision.
His academic journey includes earning a bachelor’s degree in economics and a master’s degree in Agricultural and Managerial Economics (focused on Finance) from the University of California, Davis.
Additionally, he is an alumnus of Cadet College Hasan Abdal and has undertaken specialized executive education programs in London, Tokyo, and San Francisco.
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This leadership change marks a pivotal moment for Dubai Islamic Bank Pakistan, setting the stage for expanded digital transformation, improved governance, and strategic growth in Pakistan’s evolving banking landscape.
With Gulfaraz at the helm, the bank is poised to strengthen its market position and drive innovation in Islamic banking services.
