Event Description

The Islamic banking industry in Pakistan has progressed considerably since its introduction to the South Asian nation, with its share reaching almost 12% of the overall banking industry in terms of its asset size. The branch network of Islamic banking is continuously expanding throughout the country at a rapid pace, and the strong demand for Shariah compliant banking products is reflective of the State Bank of Pakistan(SBP)’s goal of having a 20% market share by 2020.