Islamic banks are set to expand as they compete increasingly with conventional lenders in attracting mainstream customers, according to a report by consultancy Ernst & Young released on Monday.
Pakistan ranked 17 out of the 57 Organisation of Islamic Cooperation (OIC) Islamic finance markets in terms of assets, according to statistics from the OIC. Its total asset base is $6.8 billion or 7.7% of the total banking assets in March 2012, according to the State Bank of Pakistan………………………………………..Full Article: Source