CDNS attains Rs11bn in islamic investment

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MG News | October 27, 2025 at 03:34 PM GMT+05:00

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October 27, 2025 (MLN): The Central Directorate of National Savings (CDNS) has attained the annual target of Rs11bn in investment in Islamic finance from July 1st to October 20th in Current Fiscal Year, 2025-26.

The CDNS has already set annual target of Rs25bn for Current FY, 2025-26 for promoting Islamic finance in the country, a senior official of CDNS told APP.

He said the CDNS has achieved the annual collection target of Rs24bn in investment in Islamic finance during the Previous, FY, 2024 -25.

The CDNS has revived the annual collection target of investment in Islamic finance for the Current FY, 2025-26, which will lead to growth in the country’s Islamic economy.

“The National Savings had issued the Islamic bonds for the promotion of the Islamic finance system, which will help the development of the Islamic economy in the country,” he said.

CDNS had achieved the target of Rs75bn during the last fiscal year (2023-24) from the Islamic bonds, and that was why it aimed to introduce new dimensions in the Islamic finance sector.

A large part of the economy of many major countries currently includes Islamic finance while  work is being done on institutional reforms in the CDNS.

Given the current market trend in the country, an ambitious target had been set to improve the savings culture.

CDNS has accomplished a target of Rs400bn in savings inflows of the annual target for the current fiscal year, from July 1 to September 15th, 2025.

A savings inflow target of Rs1.3trillion is set for the current Fiscal Year, 2025-26.

 

 

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