Moody’s Investors Service has released a research announcement saying that Islamic financing will expand faster than conventional loans across South and Southeast Asia. “Islamic banks in South and Southeast Asia have sufficient capital and liquidity to meet [the] increased demand for ...

ISLAMABAD - Islamic Banking Industry makes unprecedented historic achievement in Pakistan. The Islamic banking industry saw an increase of a staggering 100 percent in the three quarters of 2019. According to the State Bank of Pakistan (SBP), the profit before tax in the Islamic banking sector has ...

ISLAMABAD: The share of Islamic Banking Institutions (IBIs) in banking sector’s asset increased to 14.4 percent during the first half of the current calendar year, State Bank of Pakistan (SBP) reported. According the latest report of SBP, the IBIs contribution in total assets flows during ...

ISLAMABAD - Islamic Banking Industry in Pakistan makes historical achievement in 2019 as the profit of the industry hits unprecedented levels. Islamic Banking Industry (IBI) has hit the profit-before-tax over 100 percent in the first half of 2019 as against similar period last year. According ...

ISLAMABAD - Islamic finance globally is worth USD 2 trillion. The first Islamic Bank in Pakistan was launched in 2002 and currently there are five full-fledged Islamic Banks with 16 conventional banks with Islamic Branches and Windows. Pakistan, which has traditionally maintained very modest FDR ...

ISLAMABAD: Assets of Islamic banking industry have increased by 2.8 percent during the quarter January to March, 2018 and were recorded at 2,334 billion rupees, compared to 2,272 billion rupees in the previous quarter. According to data released by State Bank of Pakistan, the financing recorded ...

ISLAMABAD:Punjab Governor Malik Muhammad Rafique Rajwana has said that promotion of Islamic banking is the need of the hour. He stated this while addressing at the inaugural ceremony of Global forum on Islamic Finances in Lahore on Tuesday. He said that Islamic economic system guarantees equitable ...

KARACHI (APP): In a development to promote Islamic Banking and Finance in the country, a leading financial institution - Bank Alfalah, has entered into an agreement with Al Huda Centre of Islamic Banking and Economics (CIBE), an international leader in human capital development for the Islamic ...

Minister for Law and Justice Zahid Hamid said in Senate that promotion of Islamic Banking System is top priority of the government.He was responding to a motion moved by Sitara Ayaz and others regarding the need for enforcing Islamic Banking System in the country.He said that 11.7 percent of the ...

ISLAMABAD: (APP) National Savings Scheme (NSS) is evaluating the plan to offer Islamic banking in the coming days. According to the details, this plan will help depositors put their cash into Islamic Shariah-compliant Ijara sukuk while the work is currently underway on its specifics like the ...