Raqami Digital Islamic Bank, a prominent player in Pakistan’s banking sector, has named seasoned investment banker Umair Aijaz as its new Chief Executive Officer (CEO), succeeding former CEO Sardar Abubakr.
With a background as Senior Executive Vice President and Group Head CIBG at Pakistan Kuwait Investment Company Pvt. Ltd. (PKIC), Aijaz brings extensive experience to his new role. His notable contributions at PKIC include driving growth through various investment avenues such as mergers and acquisitions, private equity, venture capital, deal structuring, equity valuations, and Shariah-compliant transactions.
Aijaz’s proficiency in syndicate financing and corporate and project financing has played a significant role in expanding Islamic finance in Pakistan. As a founding team member of Raqami Digital Islamic Bank, his appointment is expected to shape the bank’s trajectory and position it as a potential game-changer in Pakistan’s banking landscape.
Aijaz has demonstrated a commitment to technological innovation, spearheading initiatives like investing in tech startups through PlanetN. His diverse professional background includes executive roles at BMA Capital Management and AKD Securities Ltd., along with positions at Allied Bank Limited and A.F. Ferguson & Co. (PwC Pakistan). Aijaz holds qualifications from ACCA, CFA Institute, and ICAEW.
The appointment reflects Raqami Digital Islamic Bank’s strategic focus on leadership that combines financial expertise with a vision for technological advancement, strengthening its position in the Islamic banking sector through innovation and customer-centric solutions.
