Assets of Islamic Banking Industry (IBI) witnessed growth of Rs 43 billion during the quarter (July to September 2016) and reached to Rs 1,788 billion, said quarterly bulletin of the State Bank of Pakistan. Deposits of IBI also increased by Rs 15 billion during same quarter and reach to Rs 1,476 billion. Market share of Islamic banking assets and deposits in overall banking industry stood at 11.8 percent and 13.3 percent respectively by end September 2016.
Profit after tax (PAT) of IBI was registered at Rs 8.4 billion by end-September 2016 compared to Rs 6.5 billion in the same quarter last year. Among other profitability indicators, return on equity (ROE) and return on assets (ROA) were recorded at 10.4 percent and 0.7 percent respectively during the review quarter.
As of September 2016, the network of IBI consisted of 22 Islamic Banking Institutions (IBIs), six full-fledged Islamic banks (IBs) and 16 conventional banks having standalone Islamic banking branches (IBBs). Branch network of IBI reached to 2,226 branches (spread across 100 districts) by end September 2016. Province/ Region wise breakup of branches shows that Punjab and Sindh jointly account for almost 78 percent share in overall IBI's branch network. The number of Islamic banking windows operated by conventional banks having Islamic banking branches stood at 1,125 by end-September 2016.
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