Yaseen Anwar, Governor, State Bank of Pakistan (SBP) has expressed the hope that Pakistan’s Islamic banking industry is all set to double its market share in the next five years. He said that Islamic banking industry in Pakistan is growing at a fast pace and maintaining an average growth rate of 30 percent over the past six years.
He said the Islamic banking industry’s asset base has reached Rs. 641 billion which constitutes almost 8 percent of the overall banking industry while deposits represent 8.5 percent of the banking system’s deposits………………………………………..Full Article: Source