Pakistan's first Shariah-compliant digital bank Raqami receives commercial licence

Raqami issued a regulatory action on July 18, 2026.

Primary

Raqami

Date

July 18, 2026

Sub-sector

Neobank

Demonstrates regulatory pathway for Islamic fintech in emerging markets, but limited relevance to sub-$250M founders outside Pakistan's ecosystem. Useful competitive intelligence for any players in Islamic finance or South Asian expansion.

Primary company

Raqami

Counterparty

Not disclosed

Amount

Not disclosed

Event date

July 18, 2026

Sub-sector

Neobank

HQ

Not disclosed

Structure

Not disclosed

Source published

Not disclosed

Publisher

FintechTimes

Source: thefintechtimes.com