DEPLOYMENT · APAC
Raqami Islamic Digital Bank granted commercial license by State Bank of Pakistan
Raqami Islamic Digital Bank Limited received a Digital Retail Banking License from Pakistan's central bank, becoming the first fully digital Shariah-compliant retail bank in the country. Launch signals regulatory embrace of digital-native, AI-enabled Islamic finance.
WHY IT MATTERS
Emerging markets moving fast on digital-native banking and Islamic fintech. APAC regulators prioritizing AI-friendly frameworks; Western banks should expect accelerated digital competition in these regions.
Source: Finextra · 2026-05-22