The State Bank of Pakistan (SBP) has reported significant growth in the Islamic banking sector, which now commands a 38% share in financing and 23% in assets. This growth is driven by a 40% year-on-year increase in financing, highlighting a rising demand for Shariah-compliant financial products. Total assets of Islamic Banking Institutions (IBIs) reached Rs14.467 trillion by the end of 2025, with deposits also rising significantly, indicating a robust expansion within this segment of the financial system.
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SBP Forex Reserves Increase to $16.3 Billion in Islamabad
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Pakistan's Islamic banking sector has surged, now holding a 38% share in financing and 23% in assets, reflecting a growing preference for Shariah-compliant financial products. Meanwhile, overall economic challenges persist, with rising poverty and skepticism about the economy's strength.
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