KARACHI: MCB Islamic Bank and AICL-WTO have formalized a strategic partnership by signing an agreement, marking an important step forward in MCB Islamic’s Digital First strategy and customer-focused innovation.
The agreement was formally signed by Zargham Khan Durrani, President & CEO of MCB Islamic Bank, and Muhammad Ali Zeb, MD & CEO of AICL-WTO, reaffirming the strong commitment of both organizations towards innovation-led collaboration.
Speaking on the occasion, Zargham Khan Durrani, President & CEO of MCB Islamic Bank, stated: “This initiative reflects our Digital First approach and how we innovate, by listening to customers and reimagining digital deposit accounts as instruments of care, not just safekeeping. By offering free Takaful protection at account opening without any balance requirement, we are strengthening trust, accelerating digital adoption, and advancing meaningful financial inclusion.”
Muhammad Ali Zeb, MD & CEO of AICL-WTO, remarked: “We highly appreciate the Bank’s visionary approach of embedding free Takaful into digital deposit accounts as a truly customer-first initiative. As a committed partner, we stand fully aligned with MCB Islamic to ensure this protection is delivered seamlessly, responsibly, and at scale, making this program a lasting success.”
Copyright Business Recorder, 2026
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