The market share of Islamic banking assets in the overall banking industry rose to 13.5 percent by March-end 2018. According to State Bank of Pakistan's Islamic Banking Bulletin for January-March 2018, assets of Islamic banking industry increased by 2.8 percent or Rs 62 billion during the quarter January to March, 2018 and stood at Rs 2.334 trillion by March 31, 2018.
The market share of Islamic banking industry's assets in the overall banking industry's assets increased by 1.1 percent during the period under review and was recorded at 13.5 percent by end-March, 2018 compared to 12.4 percent in the previous quarter.
Deposits of Islamic banking industry grew by 1.7 percent or Rs 31 billion during the period under review and stood at Rs 1.916 trillion by end March, 2018 compared to Rs 1.885 trillion in the previous quarter. Market share of Islamic banking deposits in the overall banking industry was recorded at 14.6 percent, respectively by end March, 2018. Profit (before tax) of Islamic banking industry was registered at Rs 7 billion by end March, 2018 compared to Rs 5 billion in the same quarter last year.
Analysis of assets composition shows that financing (net) recorded growth of 6.4 percent or Rs 77 billion during the period under review. The share of net financing and investments in total assets (net) of Islamic banking industry stood at 54.9 percent and 22.7 percent, respectively by end March, 2018.
Investments (net) of Islamic banking recorded a decline of 0.9 percent or Rs 5 billion during the period under review and stood at Rs 529 billion by end March, 2018. The review of last three quarters shows that investments (net) of Islamic banking industry have not shown any significant change and almost remained at same level.
During the period under review, both saving deposits and current (non-remunerative) deposits showed a quarterly growth of 4.1 percent; while, fixed deposits reflected a decline of 2.4 percent during the period under review. The share of full-fledged Islamic banks and Islamic banking branches of conventional banks in overall deposits of Islamic banking industry stood at 59.4 percent and 40.6 percent, respectively by end March, 2018.
Client wise financing of Islamic banking industry remained concentrated in corporate sector, having a share of 72.3 percent, followed by commodity financing with a share of 13.3 percent by end March, 2018. The share of small and medium enterprises (SMEs) financing and agriculture financing in overall financing of Islamic banking industry remained low.
The network of Islamic banking industry consisted of 21 Islamic banking institutions; 5 full-fledged Islamic banks and 16 conventional banks having standalone Islamic banking branches by end March, 2018. Branch network of Islamic banking industry stood at 2,589 (spread across 111 districts) by end March, 2018. The number of Islamic banking windows operated by conventional banks having standalone Islamic banking branches was recorded at 1,283.
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