12.10.2011 - Pakistan: Islamic banking growing
Islamic system of banking is rapidly growing in Pakistan with annualised growth rate of one percent. That is the highest growth rate of this industry in the world. “The market share of Islamic banking in Pakistan has gone up to 7 percent and, with the current annualised growth rate, it is expected to achieve 15 percent market share in the next five year”, Pervez Said, President and CEO of Burj Bank, said at a seminar on ‘Riba-Free Economy and Interest-Free Banking”, at Karachi Press Club..............................................Full Article: Source
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