Raqami Islamic Digital Bank Appoints Umair Bilal as EVP Head of PMO and Partnerships
Umair Bilal joins Raqami Islamic Digital Bank as EVP to lead the Project Management Office and strategic partnerships, driving the bank’s digital transformation.
Raqami Islamic Digital Bank Secures AA Credit Rating as Commercial Operations Expand
Raqami Islamic Digital Bank Secures AA Credit Rating as Commercial Operations Expand
Raqami Islamic Digital Bank Forms Cash Management Alliance with Askari Bank
Raqami Islamic Digital Bank partners with Askari Bank to enhance deposit, withdrawal, ATM, and cheque clearing services, boosting operational efficiency and customer convenience.
Raqami Becomes Pakistan’s First Fully Islamic Digital Bank on Domestic Cloud Infrastructure
Raqami Islamic Digital Bank launches as Pakistan’s first fully Islamic digital retail bank hosted entirely on JazzWorld’s Tier III-certified Garaj domestic cloud platform.
SBP Declares Raqami Islamic Digital Bank a Scheduled Bank After Granting Digital Retail Licence
State Bank of Pakistan designates Raqami Islamic Digital Bank Limited as a Scheduled Bank after issuing a Digital Retail Bank licence, with $100 million investment and 1 million customer target.
Raqami Islamic Digital Bank to Invest $100M for SME-Focused Digital Banking in Pakistan
Raqami Islamic Digital Bank, backed by Kuwait Investment Authority, plans to invest $100 million over five years as it prepares to launch SME- and freelancer-focused digital banking services in February.
SECP Partners with Digital Banks for Same-Day Corporate Accounts to Boost Startups
The Securities and Exchange Commission of Pakistan (SECP) collaborates with Mobilink Microfinance Bank, Easypaisa Bank, and Raqami Islamic Digital Bank to enable same-day corporate account opening for newly registered companies, promoting financial inclusion and a startup-friendly digital ecosystem.
Allied Bank Joins Hands with Raqami Islamic Digital Bank for Cash Management Alliance
Allied Bank has entered into a Cash Management Alliance with Raqami Islamic Digital Bank, offering a range of services through ABL’s network. The collaboration supports digital-only, Shariah-compliant banking and highlights a joint vision for innovation, efficiency, and shared growth.
PBA and SECP Host Consultative Workshop to Strengthen Bank-Capital Market Collaboration
PBA and SECP held a consultative workshop in Karachi on unlocking capital market potential for banks, with Finance Minister Muhammad Aurangzeb as Chief Guest. Industry leaders and regulators discussed strengthening collaboration, diversifying financing avenues, and fostering sustainable economic growth.
Raqami Islamic Digital Bank and Haball Launch Shariah‑Compliant Embedded Finance for SMEs
Raqami Islamic Digital Bank, Pakistan’s first Islamic digital bank, has partnered with fintech firm Haball to introduce Shariah‑compliant embedded supply chain financing for SMEs, integrating liquidity solutions directly into business workflows.