Dukhan Bank partners with Dibsy to drive open banking in Qatar

Dukhan Bank partners with Dibsy open banking Qatar - GCC Business News
Image credits: Dukhan Bank | Cropped by GBN
By Desk Reporter, GCC Business News

Dukhan Bank has entered into a strategic partnership with Dibsy, aiming to support the advancement of Open Banking in the State of Qatar, reinforcing the Bank’s leadership in digital transformation and future-ready Islamic banking models.

Announced on the sidelines of Web Summit Qatar, the partnership reflects a shared commitment to fostering financial innovation and contributing to the development of a more open, efficient, and integrated financial sector aligned with national priorities and the country’s long-term digital transformation agenda.

Through its advanced banking infrastructure and robust digital capabilities, Dukhan Bank will support the development of innovative Open Banking use cases that enhance connectivity and interoperability across the financial ecosystem, while maintaining the highest standards of security, governance, data protection, and full Shari’a compliance.

The Dukhan Bank’s collaboration with Dibsy aligns with the strategic direction of Qatar Central Bank and comes at a key milestone for Dibsy, which recently became the first company in Qatar to join the Express Regulatory Sandbox for Open Banking under the supervision of Qatar Central Bank, reflecting its readiness to develop, test, and scale advanced Open Banking solutions within a secure, compliant, and fully regulated environment.

Dukhan Bank

Dukhan Bank is a leading Qatari Islamic bank, incorporated in 2008 and operating under the supervision of Qatar Central Bank since 2009. The Bank offers Shari’a-compliant financing, investment, and advisory services through its head office in Doha and nine branches across Qatar.

Formerly Barwa Bank, it rebranded as Dukhan Bank in October 2020 following regulatory approvals. In January 2023, the Bank became a Qatari Public Shareholding Company and was listed on the Qatar Stock Exchange the following month. It is included in the MSCI Emerging Markets Index, FTSE Mid-Cap Index, and key QSE indices, underscoring its strong market standing and investor confidence.

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