Pakistan's first fully digital Shariah-compliant bank Raqami granted commercial license.

Raqami Islamic Digital Bank Limited issued a regulatory action on May 22, 2026.

Primary

Raqami Islamic Digital Bank Limited

Date

May 22, 2026

Sub-sector

Neobank

Demonstrates regulatory openness to digital banking in emerging markets, but limited direct relevance to sub-$250M US/UK fintech founders unless building in Islamic finance or Pakistani market expansion.

Primary company

Raqami Islamic Digital Bank Limited

Counterparty

Not disclosed

Amount

Not disclosed

Event date

May 22, 2026

Sub-sector

Neobank

HQ

Not disclosed

Structure

Not disclosed

Source published

Not disclosed

Publisher

Finextra

Source: finextra.com