Tag: Shariah-compliant banking

Faysal Bank Limited and EFU Life Assurance Ltd have launched two innovative Takaful products, the EFU Takaful Zenith Plan and EFU Takaful WIN FitCover Plan — to promote financial growth, protection, and wellbeing for customers seeking Shariah-compliant solutions.

Neem and Meezan Bank have entered a comprehensive partnership to co-develop a Shariah-compliant embedded finance infrastructure, advancing payment integration, SoftPOS, and digital financial services for businesses across Pakistan.

Visa has partnered with Raqami Islamic Digital Bank, Pakistan’s first Islamic digital retail bank, to launch a secure, Shariah-compliant card portfolio aimed at expanding financial access for underserved communities through a mobile-first, digital banking platform.

KT Bank Pakistan has officially rebranded to Buraq Bank Pakistan Limited, following approval from SECP. The bank aims to launch soon with a focus on Islamic banking, technology-driven solutions, and trust-based services.

Raqami Islamic Digital Bank, built on Codebase Technologies’ Digibanc platform, pilots Pakistan’s first fully digital Shariah-compliant retail bank, advancing financial inclusion and digital transformation aligned with the State Bank of Pakistan’s 2028 vision.

Codebase Technologies enables the pilot launch of Raqami Islamic Digital Bank, Pakistan’s first fully Shariah-compliant digital retail bank, leveraging its Digibanc platform to drive financial inclusion and digital innovation.