ISLAMABAD: The State Bank of Pakistan has reported 37 per cent growth in the country’s Islamic banking sector during FY14-15.
According to the SBP report, as of end June 2015, the industry’s asset base reached Rs 1,495 billion and constituted market share of 11.3 per cent in overall banking industry. Similarly, deposits of Islamic banking industry increased to Rs 1,281 billion having a share of 12.8 per cent in overall banking industry deposits. The SBP said that the outreach of IBIs also expanded and, as of June 2015, the branch network of IBIs consisted of 1,702 branches spread across 95 districts of the country.
It added that SBP remained actively engaged in facilitating development of Islamic banking in the country through various promotional and regulatory initiatives.
