Financing and related assets (net) of Islamic banking industry continued their growing trend and reflected a yearly growth of 25 percent during the last calendar year (CY18). Financing and related assets (net) of Islamic banking industry surged by Rs304 billion to reach Rs1.511 trillion by end December, 2018 compared to Rs1.207 trillion in December 2017. Quarterly growth of Financing and related assets (net) of Islamic Banking Industry was 11 percent or Rs146 billion in October December 2018.
Breakup of financing and related assets (net) among full-fledged Islamic banks and Islamic banking branches of conventional banks shows that financing and related assets (net) of full-fledged Islamic banks increased by 11.3 percent or Rs94 billion during the period under review and stood at Rs923 billion.
Similarly, financing and related assets (net) of Islamic banking branches of conventional banks witnessed a quarterly growth of 9.7 percent or Rs52 billion and were registered at Rs588 billion by end December, 2018.
In terms of mode wise financing, the share of Diminishing Musharaka remained highest in overall financing of Islamic banking industry followed by Musharaka and Murabaha.
In terms of sector wise financing, production & transmission of energy and textile sectors remained two leading sectors and their share in overall financing of Islamic banking industry was recorded at 17.7 percent and 13 percent, respectively by end December, 2018.
Review of client wise financing reveals that corporate sector accounted for 74.3 percent share in overall financing of Islamic banking industry, followed by commodity financing with a share of 10.5 percent.
The share of small and medium enterprises (SMEs) financing and agriculture financing in overall financing of Islamic banking industry was recorded at 3.7 percent and 0.3 percent respectively.