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

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

Primary

Raqami Islamic Digital Bank Limited

Structure

regulatory

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 Paki

Primary company

Raqami Islamic Digital Bank Limited

Counterparty

—

Amount

—

Event date

May 22, 2026

Sub-sector

Neobank

HQ

—

Structure

regulatory

Source published

—

Publisher

Finextra

Source: finextra.com