Islamic Banking in Pakistan.

Byline: PROFESSOR DR. KHAWAJA AMJAD SAEED

PRELUDE: The Listed Financial sector in Pakistan has six constituents namely, Investment Banks, Commercial Banks, Modarbas, Mutual Funds, Leasing and Insurance. Its market capitalisation share in the total listed sectors of Karachi Stock Exchange is 38%. The performance of each segment of the financial sector is of varying nature. Sickness exists in many segments.

CONSTITUENTS: This paper will consist of five constituents, of State Bank of Pakistan namely:

I: Vision and Mission of Islamic Banking Department

II: Strategy for Islamic Banking in Pakistan

III: Historical Rundown

IV: Quantitative Analysis

V: Future Outlook

The above aspects are now briefly explained.

I: VISION & MISSION OF ISLAMIC BANKING DEPARTMENT OF STATE BANK OF PAKISTAN (SBP)

State Bank of Pakistan, in its role as central bank, has developed the following aspects: …