{"id":71376,"date":"2026-01-25T16:39:30","date_gmt":"2026-01-25T11:39:30","guid":{"rendered":"https:\/\/chinaurdu.com\/eng\/?p=71376"},"modified":"2026-01-25T16:39:30","modified_gmt":"2026-01-25T11:39:30","slug":"kuwait-backed-islamic-digital-bank-to-start-operations-in-pakistan","status":"publish","type":"post","link":"https:\/\/chinaurdu.com\/eng\/?p=71376","title":{"rendered":"Kuwait-backed Islamic digital bank to start operations in Pakistan"},"content":{"rendered":"<p>Pakistan\u2019s financial sector has received a fresh boost as confidence among global partners continues to strengthen, supported by facilitation from the Special Investment Facilitation Council (SIFC).<\/p>\n<p>In a major development, Raqami Islamic Digital Bank has been launched with financial backing from Kuwait and is set to begin operations in Pakistan next month. The bank will start with an initial investment of 100 million US dollars.<\/p>\n<p>Raqami Islamic Digital Bank has been established with the support of the Kuwait Investment Authority (KIA), and its launch is being described as a significant milestone for Pakistan\u2019s financial sector, particularly in the area of digital and Islamic banking.<\/p>\n<p>Adviser to the Prime Minister on Finance, Khurram Shehzad, said the investment reflects growing international confidence in Pakistan\u2019s improving economy and ongoing structural reforms. He said the initiative clearly demonstrates trust in Pakistan\u2019s economic direction and reform agenda.<\/p>\n<p>He added that financial and investment cooperation between Pakistan and Kuwait is strengthening, particularly in the fields of finance and the digital economy. According to him, the investment will play an important role in promoting digital transformation and strengthening the country\u2019s financial system.<\/p>\n<p>Raqami Bank will operate as a fully digital Islamic bank, aiming to use modern technology to make banking more efficient and to bring a larger segment of the population into the formal financial system.<\/p>\n<p>Officials said that effective facilitation by SIFC is helping pave the way for a modern, sustainable and investor-friendly financial framework in Pakistan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan\u2019s financial sector has received a fresh boost as confidence among global partners continues to strengthen, supported by facilitation from the Special Investment Facilitation Council (SIFC). In a major development, Raqami Islamic Digital Bank has been launched with financial backing from Kuwait and is set to begin operations in Pakistan next month. The bank will [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":71377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[131,30],"tags":[],"ppma_author":[213],"class_list":{"0":"post-71376","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-latest"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kuwait-backed Islamic digital bank to start operations in Pakistan<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinaurdu.com\/eng\/?p=71376\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kuwait-backed Islamic digital bank to start operations in Pakistan\" \/>\n<meta property=\"og:description\" content=\"Pakistan\u2019s financial sector has received a fresh boost as confidence among global partners continues to strengthen, supported by facilitation from the Special Investment Facilitation Council (SIFC). In a major development, Raqami Islamic Digital Bank has been launched with financial backing from Kuwait and is set to begin operations in Pakistan next month. 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