Raqami Launches Pakistan’s First Digital Islamic Bank

Raqami Islamic Digital Bank in partnership with Codebase Technologies, has launched Pakistan’s first fully digital Islamic retail bank. This pioneering initiative marks a major advancement in the country’s fintech and Islamic banking sectors, offering Sharia-compliant financial services entirely through digital platforms. The collaboration aims to enhance financial inclusion by providing convenient, ethical, and technology-driven banking solutions tailored to modern consumer needs. Raqami, in partnership with Codebase Technologies, has launched Pakistan’s first fully digital, Shariah-compliant retail bank.

This milestone supports the State Bank of Pakistan’s 2028 vision for 75% financial inclusion. Leveraging the Digibanc™ platform, Raqami offers a mobile-first, ethical banking experience with features like digital onboarding, embedded Takaful, and real-time payments via Raast. With a young, tech-savvy population and high mobile penetration, Pakistan is poised for digital banking growth. Codebase Technologies plays a key role in enabling this transformation across emerging markets.