Islamic Banking Industry assets increase to Rs 477 billion

Karachi –– The assets of Islamic banking industry in Pakistan increased to Rs 477 billion, which translates into 6.7% market share posting an increase of 30.2% on YoY basis.

Stating this Islamic Banking Bulletin December 2010 issued on April 23, 2011 by State Bank of Pakistan, says deposits of Islamic banking industry have increased to Rs 390 billion, equivalent to 7.2% market share and posting an increase of 38% on YoY Basis. Its branch network rose to 750, posting an increase of 100 branches on YoY basis.

Bulletin contains write up, analysis of Islamic banking industry in the country from different aspects and review of a book on Islamic finance, introduction of Islamic Banking Institution in Bank in focus.

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