The share of Islamic banking in Pakistan’s banking sector has reached 24 per cent, while the value of Islamic banking assets is expected to rise by Rs4.5 trillion during the current year.
According to details, Islamic banking assets are likely to reach between Rs18 trillion and Rs19 trillion by December 2026. Government borrowing through non-Islamic instruments remains a hurdle to the expansion of Islamic banking. The government reduced reliance on treasury bills and conventional borrowing, while increasing borrowing through Sukuk.
Participants were briefed on the performance, regulation and future growth prospects of Islamic banking.
Islamic banking deposits are expected to rise by Rs1 trillion by December 2026, reaching Rs14.5 trillion.
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