Digital Banks’ Assets in Pakistan Surge to Nearly Rs. 7 Billion

Pakistan’s digital banks offering Islamic financial services have attracted a large number of customers, reflecting strong early growth as their asset base surged to nearly Rs. 7 billion.

According to the State Bank of Pakistan (SBP), the total assets of digital banks increased to Rs. 6.90 billion by the end of December 2025, marking a 109.2 percent rise from Rs. 3.30 billion recorded in September 2025.

Deposits also recorded a sharp increase, reaching Rs. 1.48 billion in December 2025, compared with Rs. 0.06 billion in September 2025.

The strong growth highlights rising customer confidence in digital Islamic banking solutions and underscores their role in promoting financial inclusion while strengthening Pakistan’s digital financial ecosystem.

Under the strategic guidance of the State Bank of Pakistan, two pioneering institutions—Raqami Islamic Digital Bank Limited and Mashreq Bank Pakistan Limited—launched pilot operations in 2025. Mashreq Bank Pakistan Limited was granted a digital bank license with Islamic window operations during the preceding quarter.

Pakistan’s banking industry has been witnessing a rapid shift toward digitalization, with a growing focus on Shariah-compliant financial services.

Meanwhile, easypaisa Digital Retail Bank also began operations in 2025 and reported a profit of Rs. 17.04 billion during the year.

Two additional digital banks—Hugo Bank and Buraq Bank—are expected to start commercial operations later this year.

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