{"id":28573,"date":"2026-01-29T09:23:47","date_gmt":"2026-01-29T09:23:47","guid":{"rendered":"https:\/\/gsrra.com\/?p=28573"},"modified":"2026-01-29T09:23:51","modified_gmt":"2026-01-29T09:23:51","slug":"kuwait-backed-digital-bank-to-enter-pakistan-with-100-million-investment","status":"publish","type":"post","link":"https:\/\/gsrra.com\/?p=28573","title":{"rendered":"Kuwait-backed digital bank to enter Pakistan with $100 million investment"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"324\" height=\"156\" src=\"https:\/\/gsrra.com\/wp-content\/uploads\/2026\/01\/image-93.png\" alt=\"\" class=\"wp-image-28575\" srcset=\"https:\/\/gsrra.com\/wp-content\/uploads\/2026\/01\/image-93.png 324w, https:\/\/gsrra.com\/wp-content\/uploads\/2026\/01\/image-93-300x144.png 300w\" sizes=\"(max-width: 324px) 100vw, 324px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.arabnews.com\/sites\/default\/files\/styles\/n_670_395\/public\/2026\/01\/24\/4678534-289119829.jpg?itok=Yv-8Xyxd\" alt=\"The image shows Kuwait Investment Authority\u2013backed Raqami Islamic Digital Bank (RIDB). (Raqami)\" title=\"The image shows Kuwait Investment Authority\u2013backed Raqami Islamic Digital Bank (RIDB). (Raqami)\"\/><\/figure>\n\n\n\n<p>The image shows the Kuwait Investment Authority\u2013backed Raqami Islamic Digital Bank (RIDB). (Raqami)<a href=\"https:\/\/www.arabnews.com\/#facebook\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Raqami Islamic Digital Bank plans to launch operations in February, a finance adviser says<\/li>\n\n\n\n<li>Move underscores growing Gulf interest in Pakistan\u2019s banking and digital finance sector<\/li>\n<\/ul>\n\n\n\n<p>Kuwait Investment Authority-backed Raqami Islamic Digital Bank (RIDB) plans to begin operations in Pakistan next month with a $100 million investment, Pakistan\u2019s finance adviser said on Friday, marking another Gulf-backed entry into the country\u2019s banking sector.<\/p>\n\n\n\n<p>The bank will be Pakistan\u2019s first fully digital Shariah-compliant bank, according to its website. It offers online financing, savings and payment services to individuals and small and medium-sized enterprises, with a focus on financial inclusion for underserved segments.<\/p>\n\n\n\n<p>The development comes as Pakistan seeks to attract foreign investment, particularly from Gulf nations, to bolster its economy and stabilize its finances following years of macroeconomic stress. In 2024, the State Bank of Pakistan issued a no-objection certificate to RIDB.<\/p>\n\n\n\n<p>\u201cKuwait Investment Authority-backed Raqami Bank is set to launch in Pakistan with a $100 million investment,\u201d Finance Adviser Khurram Schehzad said in a post on X.<\/p>\n\n\n\n<p>\u201cThis is a strong vote of confidence in Pakistan\u2019s improving economic outlook and reform momentum,\u201d he added. \u201cRaqami Islamic Digital Bank is gearing up to begin operations next month.\u201d<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Kuwait Investment Authority\u2013backed Raqami Bank set to launch in Pakistan with a $100 million investment<\/p>\n\n\n\n<p>&#8211; This is a strong vote of confidence in Pakistan\u2019s improving economic outlook and reform momentum.<\/p>\n\n\n\n<p>&#8211; Raqami Islamic Digital Bank is gearing up to begin operations next\u2026&nbsp;<a href=\"https:\/\/t.co\/UQqoEhfn06\">pic.twitter.com\/UQqoEhfn06<\/a><\/p>\n\n\n\n<p>\u2014 Khurram Schehzad (@kschehzad)&nbsp;<a href=\"https:\/\/twitter.com\/kschehzad\/status\/2014691474433032513?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">January 23, 2026<\/a><\/p>\n<\/blockquote>\n\n\n\n<p>Schehzad said Raqami was backed by the State of Kuwait\u2019s sovereign wealth fund and that its entry into Pakistan reflected strengthening investment ties between Pakistan and Kuwait, particularly in the financial and digital economy sectors.<\/p>\n\n\n\n<p>Earlier this month, Bank Islami launched Pakistan\u2019s first Shariah-compliant QR payment gateway, enabling real-time online payments that allow customers to pay instantly from their bank accounts and merchants to receive payments securely through digital channels.<\/p>\n\n\n\n<p>Pakistan\u2019s banking sector is among the more resilient parts of the economy, dominated by a handful of large lenders with strong capital buffers and profits driven largely by holdings of government securities.<\/p>\n\n\n\n<p>While high interest rates have lifted bank earnings, private-sector credit growth remains subdued.<\/p>\n\n\n\n<p>Reference Link:- <a href=\"https:\/\/www.arabnews.com\/node\/2630438\/pakistan\" target=\"_blank\" rel=\"noopener\">https:\/\/www.arabnews.com\/node\/2630438\/pakistan<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The image shows the Kuwait Investment Authority\u2013backed Raqami Islamic Digital Bank (RIDB). (Raqami) Kuwait Investment Authority-backed Raqami Islamic Digital Bank (RIDB) plans to begin operations in Pakistan next month with a $100 million investment, Pakistan\u2019s finance adviser said on Friday, marking another Gulf-backed entry into the country\u2019s banking sector. The bank will be Pakistan\u2019s first [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"aside","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[],"class_list":["post-28573","post","type-post","status-publish","format-aside","hentry","category-sample-category","post_format-post-format-aside"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/28573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28573"}],"version-history":[{"count":1,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/28573\/revisions"}],"predecessor-version":[{"id":28576,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/28573\/revisions\/28576"}],"wp:attachment":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}