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Financial Institutions – Pakistan: Robust growth in Pakistan’s Islamic banking assets is credit positive for banks

On 24 March, the State Bank of Pakistan (SBP), the central bank, released its quarterly Islamic Banking Bulletin for December 2020, which showed that Shariah-compliant banking assets grew 30% in 2020. The growth is credit positive for Pakistani banks because it attracts customers from the previously unbanked population, which creates new business opportunities and boosts banks' financial performance.

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