Raqami Islamic Digital Bank Raqami Term Deposits

Tenure-based Mudaraba deposits from Pakistan's first Shariah-compliant digital retail bank, spanning 7 days to 1 year and paying 10.00-11.50% for June 2026 - the shortest-tenor and highest-rate published Islamic term-deposit curve in Pakistan, managed entirely in-app. The 7-day Flexi-Week Saver has no published Islamic-bank equivalent, making double-digit declared rates available for money parked between transactions, and maturing deposits can auto-reinvest with or without profit. The curve has steepened sharply since the flat 7.30-7.80% launch sheet of December 2025 - roughly a 300bps ramp in six months that reads as deposit-acquisition pricing by a bank whose commercial licence (May 20, 2026) is weeks old. Oversight comes from the same five-scholar Usmani-chaired board and published certificates as the rest of the bank; the Mudarib share and weightages behind the headline rates are not published.

Raqami's term curve is the most interesting deposit pricing in Pakistani Islamic banking: double-digit declared rates from 7 days out to a year, published monthly, from a bank with a genuinely senior Shariah board. The prudent read is that these are launch economics - the December-to-June ramp is too steep to be steady-state - and the missing pool mechanics mean you cannot verify how the yield is produced. Use it for short-tenor cash while it lasts; diversify longer money across incumbents with printed ratios.