From Newzglobe.com: The State Bank of Pakistan (SBP) believes that Islamic banks are poised to consolidate their market position in the banking industry, if key hurdles faced by these institutions are addressed in a timely manner.
The Islamic banks have shown resilience amidst the global financial crisis and gloom that has been surrounding the local banking industry. The State Bank is optimistic that the share of these banks could increase up to approximately 12 percent of the market in the next two-to-three years……………………………………….Full Article: Source