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Pakistan: Islamic finance market likely to grow

Posted on 05 April 2013

Pakistan’s Islamic finance market may continue to mature and expand in the years ahead given growing investment by the Islamic banking industry in federal government securities through ijara sukuk (Islamic bonds), said bankers.
Recent statistics issued by the State Bank of Pakistan (SBP) suggest Islamic banking institutions (IBIs) invested Rs266 billion in government securities during the third quarter of 2012 against Rs154 billion over the same period in the last fiscal year, showing a year-on-year growth of 73.2 percent………………………………………..Full Article: Source

 
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