MEDIUMVulnerability
Global

Raqami Islamic Digital Bank granted commercial license by State Bank of Pakistan

·Source: Finextra

Updated:

Executive Summary

Raqami Islamic Digital Bank Limited (RIDBL) has been granted a Digital Retail Banking License by the State Bank of Pakistan for commencement of Commercial Operations, marking a significant milestone as Raqami becomes the first fully digital Shariah-compliant retail bank in Pakistan.

Analysis

Raqami Islamic Digital Bank Limited (RIDBL) has been granted a Digital Retail Banking License by the State Bank of Pakistan for commencement of Commercial Operations, marking a significant milestone as Raqami becomes the first fully digital Shariah-compliant retail bank in Pakistan.
Source Attribution

Originally published by Finextra on May 22, 2026.

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