SBP developing 5-year plan for Islamic banking industry
The Deputy Governor of State Bank of Pakistan (SBP) - Kazi Abdul Muktadir - announced that the bank is working on a new five-year (2013-17) strategic plan for Islamic banking industry. This plan shall define an overall direction for the Islamic banking industry. According to Mr. Muktadir, an increase in Islamic finance's share in the banking system is very likely and can reach up to 15% in the five years to follow.
Syndicate
