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

Raqami issued regulatory on July 18, 2026.

Primary

Raqami

Structure

regulatory

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 f

Primary company

Raqami

Counterparty

Not disclosed

Amount

Not disclosed

Event date

July 18, 2026

Sub-sector

Neobank

HQ

Not disclosed

Structure

regulatory

Source published

Not disclosed

Publisher

FintechTimes

Source: thefintechtimes.com