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Islamic Finance Briefing - Categorized | Finance, Performance more

Pakistan: Islamic investment, financing shares edge up

Posted on 26 April 2011

The share of net investment and financing by the Islamic banks to the industrial sector has increased from 4.5 per cent to 6.2pc during the last quarter of calendar year 2010.
The investment and financing activity recorded a modest surge during October-December 2010 with 49.8 per cent growth on year-on-year basis while it posted 95.6 per cent and 18 per cent growth over the previous quarter respectively. A significant growth in financing could be attributed to seasonal uptake in credit; the cotton harvesting commences during October-December quarter that gave sharp rise to credit/financing demands by textile sector……………………………………….Full Article: Source

 
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