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    Waqas Habib Abbasi
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    The document discusses the re-introduction and growth of Islamic banking in Pakistan over three periods: 1. Islamic banking was re-launched in 2001 with the government's decision to shift toward an interest-free economy and build a broad-based financial system. 2. This led to increased growth, with industry assets and liabilities rising 24% as deposits, financing, investments and branches increased. 3. The latest data shows assets increased to Rs. 424 billion with a 31% annual growth in assets and 38.2% and 17.7% growth in deposits and financing/investments respectively, with the industry share improving to 6.4%.

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    IF slides

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    The document discusses the re-introduction and growth of Islamic banking in Pakistan over three periods: 1. Islamic banking was re-launched in 2001 with the government's decision to shift toward an interest-free economy and build a broad-based financial system. 2. This led to increased growth, with industry assets and liabilities rising 24% as deposits, financing, investments and branches increased. 3. The latest data shows assets increased to Rs. 424 billion with a 31% annual growth in assets and 38.2% and 17.7% growth in deposits and financing/investments respectively, with the industry share improving to 6.4%.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    4 views8 pages

    IF Slides

    Uploaded by

    Waqas Habib Abbasi
    The document discusses the re-introduction and growth of Islamic banking in Pakistan over three periods: 1. Islamic banking was re-launched in 2001 with the government's decision to shift toward an interest-free economy and build a broad-based financial system. 2. This led to increased growth, with industry assets and liabilities rising 24% as deposits, financing, investments and branches increased. 3. The latest data shows assets increased to Rs. 424 billion with a 31% annual growth in assets and 38.2% and 17.7% growth in deposits and financing/investments respectively, with the industry share improving to 6.4%.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 8

    | 

    2 Re-introduction of Islamic Banking in Pakistan


    launched back in 2001

    2Decision of the government to shift to interest free


    economy

    2Building a broad based financial system in the


    country
    ½  
     
    ‡ llow new full fledged Islamic banks in the
    private sector

    ‡ llow the conventional banks to set up Islamic


    banking subsidiaries

    ‡ llow the existing conventional banks to open


    Stand-alone Islamic banking branches.
    ^

    ‡ Increased growth in Islamic banking sector

    ‡ net increase of the assets and liabilities is 24%

    ‡ Industry progress and market share also increased

    ‡ deposits, financing and investment, no of


    branches increased
    º   
    ‡ ºurabaha
    ‡ Ijarah
    ‡ Ijarah-wal-iqtina
    ‡ Istisna,
    ‡ ºudarbah
    ‡ ºusharkah

         º ½ 

    ‡ ssets increased to Rs. 424 billion from Rs. 411 billion


    ‡ The Year on Year (YoY) growth in the assets was 31%.
    ‡ Deposits and financing and investments grew by 38.2%
    and 17.7% respectively
    ‡ share of Islamic banking industry improved to 6.4%
    from 6.1%
    | 
    

    ‡ Îational Survey on Islamic Finance


    ‡ Improving ccess to Financial Services ± Islamic
    Finance Component
    ‡ provides important baseline data
    ‡ For demand & growth
    ‡ information on current issues and opportunities for
    expansion and development
    

    ‡ brief introduction of Islamic finance

    ‡ conveys Shariah basis of Islamic finance

    ‡ discusses the prohibition of Riba

    ‡ Islamic modes of finance are elaborated

    ‡ Shariah law its primary and secondary sources


    
    
    
     

    ‡
        
    ‡
         
     
    ‡ ½   !
    ‡  "# 

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