Trends - islamic banking industry

islamic banking industry

Conventional to Islamic banking: SBP issues broad parameters for conversion

KARACHI: The State Bank of Pakistan (SBP) has developed broad guiding parameters to help banks to devise their...

Updated 29 Jun, 2024 09:10am

Business & Finance

SBP directs IBI to adopt new AAOIFI Shariah Standards

Karachi: The State Bank of Pakistan (SBP) has asked for adoption of Accounting and Auditing Organization for Islamic...

Published 20 Jun, 2024 06:01am

Business & Finance

SBP adopts six new AAOIFI Shariah Standards

KARACHI: In order to further strengthen Shariah compliance framework and harmonise the Shariah practices in Islamic...

Published 23 Jan, 2024 05:14am

SBP adopts AAOIFI’s Shariah standards

KARACHI: The State Bank of Pakistan (SBP) on Wednesday announced the adoption of the “Accounting and Auditing...

Updated 31 Aug, 2023 09:25am

Business & Finance

Market share of Islamic banking sector tops 20pc by Sept-end

KARACHI: The market Share of Islamic Banking Industry (IBI) in the banking sector continued to post healthy growth...

Published 29 Dec, 2022 05:59am

Govt will borrow over Rs7trn during Q2FY23

KARACHI: In the absence of sufficient foreign inflows, the federal government has enhanced its reliance on borrowing...

Updated 13 Oct, 2022 09:44am

Business & Finance

Overall banking assets: Market share of IBI assets surges to 19.5pc

KARACHI: Assets of Islamic Banking Industry (IBI) witnessed an all-time high quarterly increase of Rs 836 billion...

Published 04 Oct, 2022 06:51am

Business & Finance

Islamic banking industry: SBP adopts more AAOIFI Shariah Standards

KARACHI: The State Bank of Pakistan (SBP) has adopted four more Accounting and Auditing Organization for Islamic...

Published 05 Jul, 2022 05:19am

Business & Finance

Report on Pakistan: Moody’s lists key driving forces behind IBI’s growth

ISLAMABAD: Pakistan’s Islamic Banking Industry is growing rapidly with a combination of a predominantly Muslim...

Published 25 May, 2022 04:40am

Business & Finance

Pakistan's Islamic banking sector to have 30% market share by 2026: Moody’s

Estimates average growth over 2021-2026 to range between 25%-28% for total assets and deposits

Updated 24 May, 2022 06:37pm

Business & Finance

IBI assets post record growth of Rs1.3trn in CY21

KARACHI: Assets of the Islamic Banking Industry (IBI) recorded highest-ever growth of Rs 1.3 trillion reaching Rs ...

Published 02 Apr, 2022 04:14am

Business & Finance

Islamic Banking Industry: Assets and deposits show highest YoY growth since 2015

Market share of IBI’s assets and deposits in overall banking industry’s recorded at 17% and 18.7%, respectively

Published 11 Sep, 2021 04:49pm

IBI assets increase by Rs120bn QoQ

KARACHI: The assets of Islamic Banking Industry (IBI) increased by Rs 120 billion during the first quarter (January...

Published 10 Jul, 2021 03:29am

Business & Finance

Islamic Banking Industry: Assets, deposits show double-digit growth

The Islamic Banking Industry continued to show impressive gains as its overall assets and deposits achieved year on...

Published 09 Jul, 2021 06:29pm

Islamic Banking Industry: SBP unveils third 5-year strategic plan

KARACHI: The State Bank of Pakistan (SBP) Monday unveiled third five-year strategic plan for the Islamic Banking...

Published 06 Apr, 2021 04:23am

Pakistan

SBP unveils strategic plan for Islamic banking industry

The plan provides a consensus based agenda and strategy to make Islamic banking an efficient and practical solution for consumers.

Published 05 Apr, 2021 07:54pm

IBI NPFs decline to 3.2pc

KARACHI: The Islamic Banking Industry's Non-Performing Finances (NPFs) to financing decreased to 3.2 percent by end...

Published 28 Mar, 2021 04:14am

Assets, deposits of IBI post robust growth in CY20

KARACHI: The overall assets and deposits of the Islamic banking industry (IBI) have shown tremendous growth of 30...

Published 25 Mar, 2021 05:08am

Business & Finance

NPF ratio of Islamic Banking remains well below overall banking industry: SBP

During the quarter under review (October-December 2020), the asset base of Islamic Banking Industry (IBI) grew by 12.1 percent (Rs. 461 billion) and reached Rs. 4,269 billion.

Updated 24 Mar, 2021 01:13pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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