embodies a digital-first strategy that redefines banking by seamlessly providing futuristic Islamic finance An exclusive interview with Shahzad Khokhar, Head…
Browsing: Islamic banking
A comprehensive analysis of principles, practices, and popularity among diverse audiences Islamic finance and banking represent an alternative financial system…
Establishing a workable Islamic pricing benchmark is indeed crucial In 2022, the Federal Shariah Court of Pakistan directed the government…
The possibility of socioeconomic effect through prudent development of the Islamic banking system It is an undeniable fact that Islamic…
Key factors shaping the future of Islamic Banking in Pakistan Islamic banking has emerged as a significant player in the…
Since the re-launching of Islamic banking in Pakistan nearly a quarter of a century ago, the apex regulator — the…
According to the statistics released by the State Bank of Pakistan (SBP) during October-December 2023, Islamic Banking Institutions included 22…
Sector Wise Financing (Share in %) Sector Dec-22 Sep-23 Dec-23 Overall Banking Industry Chemical and Pharmaceuticals 5.1 5.0 5.4 3.3…
Shariah-compliant financing likely to move faster than conventional funding According to S&P Global Ratings the global Islamic finance industry is…
Digital tools, and platforms making the industry more efficient and improve customer servicing at reduced efforts Interview with Mr Rehan…
It is true that Islamic banking in Pakistan has attained a significant share of the overall banking industry. Though the…
Shariah-driven modes of a partnership between Mudaraba and Musharaka must be considered The operations of the Islamic banking industry is…
Under Islamic principles banks can fairly handle economic downturns, financial crises Sukuk plan is a best Islamic financial instrument Interview…
Sukuk helps to reduce reliance on bank loans or conventional bond Interview with Dr Syed Ghazanfar Ahmed — Postdoctoral Fellow…
For the development and growth of Islamic finance, the government of Pakistan is one of the frontline countries playing an…
The Islamic banking and finance industry is developing at a rapid pace in Pakistan. According to the Islamic Banking Bulletin…
Faysal Bank is all set for a historic transformation into Islamic banking “(Prophet) Muhammad PBUH was right about debt.” Roger…
When we talk about Islamic banking and finance, we must first understand the reality and need for Islamic Banking and…
Musharakah is an accepted form of financing and growing rapidly Interview with Mr. Faisal Saifullah — Executive Vice President and…
Faysal Bank Ltd will become a full-fledged Islamic bank by the end of 2022 after ring-fencing its residual conventional loan…
Microfinancing has its origin based on universal dictum of economic and social justice, to be brought in all societies so…
The Islamic finance industry has seen exceptional growth in the last 30 years. Many optimistic predictions have been made regarding…
Islamic banking’s market share likely to move up in Pakistan Global outlook Islamic financing emerged 50 years ago, in countries…
Interview with Syeda Saima Zaidi, — an analyst Syeda Saima Zaidi is a renowned academician. PAKISTAN & GULF ECONOMIST had…
Analysis of Islamic banking in Pakistan report released by the State Bank of Pakistan (SBP) identified that the Islamic Banking…
SBP wins another award for promoting Islamic finance Islamic Finance News (IFN), an arm of REDmoney Group, Malaysia, has announced…
The Islamic finance industry continued the growth momentum in Pakistan in 2021 proving its viability supported by strong public demand…
International experts identified that the international trade has historically grown much faster than worldwide Gross Domestic Product (GDP), nearly doubling…
Need of the Institution of Waqf The institution of Waqf may bring a robust socio-economic development in the society as…
Commercial banks around the globe have designed and utilized Islamic financial instruments according to the rules of Shariah. Section 5(b)…
State Bank of Pakistan (SBP) has unveiled the third five-year Strategic Plan for the development of Islamic Banking in the…
The core of Islamic finance is non-interest-bearing Islamic banks. Theories related to Islamic banks originated in Pakistan, which is a…
For centuries, there was no need for Islamic finance as there was no financial system existed to “Islamize.” Up until…
Statistics show that in Pakistan the composition of Islamic banking industry (IBI) stayed similar with 22 Islamic banking institutions comprising…
Islamic Banking In Pakistan (As of December 30, 2020) Type Bank Name Azad Kashmir Baluchistan Federal Capital Gilgit- Baltistan KPK*…
In Pakistan, Islamic banking has registered substantial growth over the last few years. Along with increase in number of branches,…
Islamic banking, like any other banking system, is an evolving system worldwide. Since the inception of conventional banking system; work…
At the end of September 2020, State Bank of Pakistan (SBP) identified that the infrastructure of Islamic banking industry remained…
Faysal Bank Limited is a leading Financial Institution in Pakistan with a legacy of service and innovation which spans over…
There are different barriers to financial inclusion, one of these is the voluntary exclusion due to religious reasons and the…
The economic experts of Pakistan stated that Pakistani economy presently faces challenges similar to other developing countries in the world.…
In Pakistan there exists two distinct, but opposite opinions about the growth of Islamic banking in the country. The proponents…
Islamic banking and finance are emerging as viable alternatives to conventional interest-based banking and financing. Islamic financing is not only…
Why we have need to use the word Islamic as prefix before Economics, Business, Banking, Finance, Marketing, Management etc.? The…
State Bank of Pakistan (SBP) has been actively engaged in development and promotion of Islamic banking in the country through…
Present government led by Prime Minister Imran Khan is committed to Islamize the financial system of Pakistan and promoting Islamic…
The Islamic banking and finance system offers more ethical and efficient alternative to the interest-based conventional financial system. Islamic banking…
Researchers reported that Islamic banking is now approximately 30-years old. In 1963, Islamic banking was started in Egypt; most of…
Islamic banking and finance will be a major contributing industry of Philippines in near future as it is a double-digit…
The comparison battle between Islamic banking products and conventional banking products are continuing from decades. And from last few years,…
Islam is the most spreading religion that believes in equal distribution of income, therefore, there is a concept of Zakat…
Pakistani newspapers and magazines are full of praises for the Government of Pakistan (GoP) and State Bank of Pakistan (SBP)…
The financial tsunami that erupted in 2008 has swept the global financial community, and the major financial giants also fell…
Increase in discount rate a good step for banking sector progress Meezan Bank remains top Islamic bank in Pakistan with…
According to the State Bank of Pakistan (SBP) statistics the Investments (net) of Islamic banking industry rose by 19.9 percent…
CPEC and its importance China-Pakistan Economic Corridor, or CPEC, is an initiative that has potential to take Pakistan’s economy to…
To keep dominance in Islamic banking Meezan Bank bringing in more novel products with handy to younger generation Interview with…