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The Biz Update

CRISIS LOOMING OVER ISLAMIC BANKING INDUSTRY

Karachi, October 18, 2018: An imminent crisis is brewing for the Islamic banking industry as a major chunk of its liquidity instruments starts maturing this December. The Islamic banking industry in terms of deposits is approximately 15 percent of the total banking industry. The total banking industry as of June 2018 was approximately 13 trillion;…

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