islamic banking

CEO says Islamic KIBOR can be introduced after Islamic banking reaches 40%

SWIT volunteers to raise $2m interest-free loan to help sail country out of financial crisis

Guidance of Islamic scholars sought for launching more Sukuk

SBP official says 20% of commercial banks have adopted Islamic banking

At present, 20% of commercial banks have adopted Islamic banking

Agriculture University chancellor calls for measures to support farming community

Market share inches closer to 20% in terms of deposits, assets

FPCCI VP says Islamic banking has improved its position in Pakistan’s banking system

Share of Shariah-compliant banking industry growing in overall financial sector

Foundation of Islamic banking lies in compliance with Shariah rules and principles

Increase in assets, deposits highest since 2015 and 2012 respectively, says SBP

Aims to expand share, outreach of Shariah-compliant financial services

Amount raised will be used to pay off some dues of energy firms

Shariah-compliant banks unable to lend as financing limit hits ceiling

Stresses need for using Ijara in agri-financing

Tasks SBP with formulating seven-year plan within two months

State Bank of Pakistan releases report discussing growth of Islamic banking industry

Bench seeks view of Centre, provinces on jurisdiction regarding Islamic banking-system

SBP Governor says it will help address challenge of finding Shariah-compliant products

Aitbaar Islamic Banking has been instrumental in providing products and services for Shariah-compliant banking

Assets of Shariah-compliant banks in the country rise 21.9% to Rs2.48tr in year ended June 30, 2018

IDP president said the sukuk would support spending on infrastructure, education, health

Converting back to conventional banking operations will not be allowed

Report published by IDB and World Bank also identifies the challenges hindering growth

Says 14% share of Islamic banking needs to be enhanced

Qasem expressed optimism about US economic growth, given Trump's agenda of tax cuts & infrastructure investments

Central bank seeks to expand scope of external audits to increase transparency

Provincial finance minister believes Islamic banking service will take off in Pakistan in coming years

In 1992 ruling, the court said usury was repugnant to injunctions of Islam

Regulator considering amending laws, giving tax relief

The standard covers the appointment and optimal composition of sharia boards, fit and proper criteria of scholars

Bank Alkhair is an Islamic bank with a presence in Bahrain, Saudi Arabia, Dubai, Malaysia and Turkey

Sharia-compliant banks held 11.4 percent of total banking assets in June, barely changed from a year ago

Central bank exempts Islamic banks from interest-based benchmarks

SVP says this system has enormous potential, is growing at fast pace

SBP has taken a number of steps to improve authenticity of Islamic financial products

Most people look at Shariah-compliant ways to meet financing needs

Islamabad represented by only one bank at UK leadership conference

Bank Alfalah CEO Atif Bajwa attended the event

Only 52% of the respondents aware of any law pertaining to Islamic finance.

Centres of excellence have been set up, but academic rigour found lacking

A large number of business community members attended the seminar

Universities must also conduct joint research on poverty alleviation, income inequalities

Top court dismissed earlier petition as it is pending before the Federal Shariat Court

Need for them to shift from money management to adding broader socio-economic services

Register decrease of 0.8% quarter-on-quarter

Growth in country expected to be higher than global average

Islamic banks offer Shariah-compliant financing for property purchase, other services.

These services would be followed by an even wider array of services

KUBS chairperson announced that the school is launching different diploma and degree programmes in Islamic Banking