Islamic banks take another 5% share of Pakistani conventional banks ...palestine

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Islamic banking industry’s assets and deposits have more than doubled during the last five years and it now has 17% share in assets and 18.3% in deposits of the overall banking industry. This means Islamic banks have now taken 5% share of conventional banks as their share in deposits increased from 13.3% in 2015 to 18.3% in 2020. “This growth in assets and deposits of the Islamic banking industry is encouraging, particularly due the fact that the industry was also faced with the Covid-19 pandemic challenges during 2020,” the State Bank of Pakistan said. “The industry (Islamic Banks) also has taken 60% share in the housing finance,” said Ahmed Ali Siddiqui, the IBA Center for Ex

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Last updated : 24 March 2021 clock 05:16 PM

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Islamic banks take another 5% share of Pakistani conventional banks ...palestine

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