Islamic banking industry assets increased by 2.8pc

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 growth of 6.4 percent (77 billion rupees) during the period under review whereas market share of Islamic banking industry’s assets in overall banking industry’s assets increased by 1.1 percent during the period under review.

The share of net financing and investments in total assets (net) of Islamic banking industry stood at 54.9 percent and 22.7 percent, respectively by end March, 2018.