ISLAMABAD: Raqami Islamic Digital Bank, backed by the Kuwait Investment Authority (KIA), is set to launch operations in Pakistan next month with an initial investment of USD 100 million, marking a significant boost for the country’s financial sector.
Advisor to the Finance Minister, Khurram Schehzad, shared the details with the media, describing the development as a strong vote of confidence in Pakistan’s improving economic outlook and ongoing reform momentum.
“This investment reflects growing international trust in Pakistan’s economic direction and the government’s reform agenda,” Schehzad said.
Raqami Bank is supported by the Kuwait Investment Authority, the sovereign wealth fund of the State of Kuwait, one of the world’s largest and most respected institutional investors. The bank will operate as a fully digital Islamic bank, aiming to expand financial inclusion and modernize Pakistan’s banking landscape through technology-driven services.
According to Schehzad, the launch of Raqami Islamic Digital Bank signals rising investor confidence and highlights the strengthening investment partnership between Pakistan and Kuwait, particularly in the financial and digital economy sectors.
He added that such investments are expected to play a key role in deepening bilateral ties and supporting Pakistan’s efforts to attract foreign capital, promote digital transformation, and enhance the overall stability of the financial system.
Copyright Business Recorder, 2026
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