{"id":59334,"date":"2026-02-10T21:07:41","date_gmt":"2026-02-10T21:07:41","guid":{"rendered":"https:\/\/pakistanintheworld.pk\/live\/?p=59334"},"modified":"2026-02-10T21:07:41","modified_gmt":"2026-02-10T21:07:41","slug":"launch-of-raqami-islamic-digital-bank-as-milestone-for-pak-kuwait-economic-ties","status":"publish","type":"post","link":"https:\/\/pakistanintheworld.pk\/live\/launch-of-raqami-islamic-digital-bank-as-milestone-for-pak-kuwait-economic-ties\/","title":{"rendered":"Launch of Raqami Islamic Digital Bank as milestone for Pak\u2013Kuwait Economic Ties"},"content":{"rendered":"

\"\"ISLAMABAD : 10 Feb 2026 – Prime Minister Muhammad Shehbaz Sharif on Tuesday termed the granting of a commercial licence to Raqami Islamic Digital Bank a major milestone in Pakistan\u2019s evolving financial sector and a significant step toward deepening Pakistan\u2013Kuwait bilateral economic cooperation.<\/p>\n

Addressing the concluding session of the license awarding ceremony, the prime minister said that strong political relations must be complemented by robust economic engagement, stressing that sustainable partnerships cannot flourish without trade, investment, and financial collaboration.<\/p>\n

\u201cPakistan and Kuwait are brotherly countries bound by decades of strong cultural, political, and people-to-people relations,\u201d Prime Minister Shehbaz Sharif said, adding, \u201cIt is now time to further strengthen our economic and investment ties so that this relationship grows from strength to strength.\u201d<\/p>\n

The prime minister congratulated Raqami Islamic Digital Bank on becoming Pakistan\u2019s third licensed digital retail bank, expressing confidence that the institution would contribute to financial inclusion, innovation, and Shariah-compliant banking in the country. He said digital Islamic banking would play a key role in modernising Pakistan\u2019s financial ecosystem while remaining aligned with Islamic principles.<\/p>\n

Speaking on the occasion, the Kuwaiti ambassador congratulated the Raqami team and described the licensing of the digital bank as a practical manifestation of the deep-rooted brotherly relations between Pakistan and Kuwait. He said Kuwait\u2019s leadership had consistently supported Pakistan and was keen to further expand cooperation in trade, investment, and financial services.<\/p>\n

Chairman of the Board of Directors of Raqami Islamic Digital Bank, Abdullah Al-Mutari, thanked the Government of Pakistan and the State Bank for their support and presented a commemorative memento to Prime Minister Muhammad Shehbaz Sharif to mark the occasion.<\/p>\n

Raqami Islamic Digital Bank CEO Umair Ijaz said the bank would offer fully Shariah-compliant digital banking services designed to enhance accessibility, efficiency, and customer experience, while supporting Pakistan\u2019s broader financial inclusion agenda.<\/p>\n

The ceremony was attended by Ambassador of Kuwait, Nassar Abdul Rahman Jasser, Acting Governor State Bank of Pakistan, senior government officials, and executives from the banking and financial sector.<\/p>\n

Pakistan in the World – Dec 2025<\/a><\/p><\/blockquote>\n