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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Performance more

Islamic banks earn record profit in Pakistan

Posted on 03 October 2011

The profit of Pakistani Islamic banking industry jumped to over Rs5 billion ($56.818 million) in April-June 2011 quarter, a nine-year record, owing to shift in investment pattern towards government papers, the central bank said on Sunday.
The profit of the industry grew by 194 per cent to $56.818 million from $19.318 million during the corresponding quarter last year, said the State Bank of Pakistan?s (SBP) Islamic Banking Bulletin……………………………………….Full Article: Source

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