In fact, Islamic banking and finance has grown with a declining rate since 2013 when it grew by only 12.3%, compared with the 2012’s growth of 20.2%.

ISLAMIC FINANCE While developing economies are aligning with regional partners to achieve sustainability, developed economies ...

Around 150 million people live in Pakistan. “A reasonable expectation is that by 2010 about 20 per cent of conventional banking might come into the ambit of Islamic banking,” Said explained.

Over the past 70 years, Islamic banking in Pakistan has lagged considerably behind its conventional counterpart. Islamic banks currently hold only a 22% of total deposits and 29% of the total ...

This is an audio transcript of the Behind the Money podcast episode: ‘Why Islamic banking is taking off’ Saffeya Ahmed It’s a March morning in Islamabad, and my colleague Humza Jilani is out ...

In the last few years, following the recession of 2008, Islamic banking and Islamic financial instruments showed an exponential rise in the global markets and Pakistan became all set to go even ...

This is also the experience of the trail-blazing Grameen Bank of Bangladesh. "NBP will expand the number of its Islamic Banking branches from the existing 50 to 100 by December 2015.

Finance Minister Ishaq Dar has said that federal government is serious in promoting Islamic Banking in Pakistan and several steps are being taken with the cooperation of all the stakeholders in this ...

Pakistan has recorded a 30 per cent growth in Islamic banking assets during the 2020 fiscal year. According to a report released by the State Bank of Pakistan on Wednesday, the overall deposits of ...

Raqami Islamic Digital Bank has received a restricted banking licence from the State Bank of Pakistan, allowing it to initiate pilot operations as a digital retail bank. This approval is said to ...

The bank has 29 branches in different cities of Pakistan It currently has 29 branches that offer all types of Islamic banking products and services, which in turn had earned the bank a high ...