Tag Archives: Islamic

  Islamic banking has been growing fast to capture 20pc share in the overall banking industry by 2020: Experts Asia is expected to be the key driver in advancing the growth of the Islamic finance industry. Pakistan is among potential leaders of Islamic finance with huge Muslim population of over 180 million. Although, Islamic banking in Pakistan is growing but there is still a lack of Islamic banking professional. There …

  Centre for Excellence in Islamic Finance (CEIF) has been established at IBA (Institute of Business Administration), Karachi with the objective of providing a platform for discovery, enhancement and dissemination of knowledge in the field of Islamic Finance. It aims to be a world class Centre which, through education and research. It carries on IBA’s legacy of thought leadership in the Islamic Finance industry. Globally, Islamic Banking assets have witnessed …

  Islamic banking is one of the emerging fields in global financial market nowadays. It is growing at very fast pace all around the world. The tide is little slow in Pakistan as Islamic investment banks and Islamic venture capital funds are yet fully launched here. Muslims generally abstain from purchasing insurance policies on religious grounds and have reservations on banking, which also involves payment of interest. They believe that …

  The liquidity coverage ratios (LCRs) of Islamic banks in key Asian countries including Pakistan and GCC countries highlight sound liquidity profiles and broad compliance with Basel-III regulatory requirements. However, banks with a greater proportion of retail deposits that are considered more ‘sticky’, typically display stronger LCRs,” said Simon Chen, a Moody’s Vice President and Senior Analyst. In Asia, the retail funding of Islamic banks is constrained by their small …

  Pakistan’s housing crisis is well known. The country requires about ten million homes. Migration from rural areas to urban areas has resulted in an urban growth, which has been about three times faster. According to sources, Pakistan’s urban population stands at 75 million or 39 percent of total population, and population experts believe that it will rise to 114 million by 2025. The lack of funding is the biggest …

  Presently Pakistan is one of the active and effective players in worldwide Islamic finance industry and State Bank of Pakistan (SBP) has remained at forefront in developing and promoting Islamic finance in the country. Learning from past experience, SBP adopted an evolutionary approach for establishing Islamic banking in Pakistan in 2001. Since then and the industry commencing from scratch in 2001, has increased above 11 percent share in assets …

  The agriculture sector lacks financial resources, due to which small-scale farmers are facing a lot of problems, consequently affecting the agriculture and livestock sector. But in Muslim countries including Pakistan, the primary reason behind the lack of financial inclusion in the agricultural sector is unavailability of such financial products that are in correlation with the religious and social belief of the Muslims and if we want to promote agriculture …

  Many International Financial Institutions are keen to invest in the field of Islamic banking and finance in Pakistan In the face of growing demand for the Islamic banking products, different International Financial Institutions are showing interest to invest in the field of Islamic Banking and Finance in Pakistan. In the last three decades, a number of new Islamic financial products have been developed primarily by applying Islamic nominate contracts …

  Islamic banking and finance has become a flourishing business with assets estimated at value of over US$180.0 billion. It is spreading from UK, USA and Switzerland to the Middle East and Asia. Both Muslims and non-Muslims are using extensively the facilities being provided by Islamic banking and finance. Malaysia and Pakistan are well known for its Islamic banking and finance system. Both being the Muslim countries, the Islamic financial …

  Standard Chartered Bank Pakistan Limited (SCBPL) is the oldest and largest global bank in Pakistan. STANDARD CHARTERED BANK IN PAKISTAN STOCK EXCHANGE (Rs) Date LDCP Open rate Closing rate Turnover 1-Jan-16 21.9 22.49 22.49 3,500 4-Jan-16 22.49 21.75 21.41 31,000 5-Jan-16 21.41 21.88 21.7 1,000 6-Jan-16 21.7 21.5 21.36 3,000 7-Jan-16 21.36 21.83 21.7 3,000 8-Jan-16 21.7 21.69 21.7 1,500 11-Jan-16 21.7 20.8 20.94 1,500 12-Jan-16 20.94 21 21 …