| Islamic banking Industry completed 94 percent of its approved expansion plan by having a network of 886 branches by end of 2011, State Bank of Pakistan (SBP) reported. The quarterly “Islamic Banking Bulletin” said that Islamic Banks assets and liabilities both constitute 7.8 percent of the overall banking industry by 2011-end.
The asset base of the industry reached to Rs. 641 billion indicating 13 percent quarterly growth by close of Dec 2011...............................................Full Article: Source
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