What is Raast:
Raast is Pakistan’s first instant payment system that enables end-to-end digital payments among individuals, businesses and government entities instantaneously.
Raast with BankIslami:
BankIslami in compliance with SBP has integrated Pakistan’s fastest payment system for their valued customers by simply using their mobile numbers as their Raast ID.
Raast Features:
Raast Payment Channels:
How to create Raast Beneficiary?
Step 1: Login to mBankislami Mobile App
Step 2: Go to Menu and select Raast Management
Step 3: Tap Create Raast Beneficiary
Step 4: Add Raast Beneficiary via Address Book or Mobile Number
Step 5: Confirm the details you have entered
Step 6: Raast Beneficiary sucessfully created
How to Pay via Raast Beneficiary?
Step 1: Login to mBankislami Mobile App
Step 2: Go to Menu and select Raast Management
Step 3: Tap on Beneficiary Funds Transfer
Step 4: Select your account and select Beneficiary then enter amount to transfer
Step 5: Enter OTP given at your registered number/Email address
Step 6: Raast Beneficiary payment successfully made.
How to Pay via Raast Non-Beneficiary?
Step 1: Login to mBankislami
Step 2: Go to Menu and select Raast Management
Step 3: Tap on Non Beneficiary Funds Transfer and Enter Raast ID/ IBAN number or select Raast ID from address book and Enter Amount
Step 4: Enter OTP and confirm
Transactions Limits
Per Transactions Limit 200,000
Per Day Limit 1,000,000
Whatever your inclination, BankIslami offers advantageous ways of aiding you the manner in which you need.