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Urdu version of Book ‘Sharaie Mayaarat’ launched

Karachi, 12th December: The Islamic Banking Industry of Pakistan, in collaboration with Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and contribution of Mufti Muhammad Taqi Usmani, launched Urdu version of the Book ‘Sharaie Mayaarat’. Renowned leaders from Pakistan’s financial sector spoke on the occasion. Governor, State Bank of Pakistan, Mr. Tariq Bajwa was the…

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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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