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Pakistan: Share of Islamic banks may reach 12 pct in three years

Posted on 22 November 2010

From Tribune.com.pk: The momentum of growth in the Islamic banking industry, despite a slowdown in overall economic activity over the past two years, has sparked optimism that Islamic banks may achieve a 12 per cent share of the sector in the next two to three years, according to the State Bank of Pakistan (SBP).
Islamic banking in the country has shown tremendous growth since its re-launch in 2003 – the share of Islamic banks in the industry increased to more than six per cent at the end of June this year, the SBP said in its annual performance report for 2009-10……………………………………….Full Article: Source

 
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