Others News > Islamic Finance News > SBP plans to increase Islamic banking share to 12 percent

 [The News International] The State Bank of Pakistan (SBP) plans to increase the share of Islamic banking system from the existing 7 pct to 12 pct in the next two years, an official said at a ceremony of unveiling logo of World Islamic Finance Summit 2011. The two-day summit would be held from September 21 and it is being organised by Publicitas Pvt Limited with the support from the IBD, SBP,
aimed to identify the growth pace in Pakistan’s Islamic financial sector by involving all the industry players and provide a forum for the government and the private sector organisations to promote the opportunities. “The summit will highlight Pakistan’s attraction as a place to do business in Islamic way amid geopolitical uncertainties,” he added.