Karachi July 10 2021: Deposit base of Islamic Banking grew by PKR765 billion during the period of last twelve months and stood at PKR3,457 billion by end March 2021 stated in a report issued by State Bank of Pakistan.
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Market share of Islamic Banking deposits in overall banking deposits increased to 18.7 percent by end March 2021 compared to 16.9 percent at the end of March 2020. The share of Islamic Banks (IBs) and Islamic Banking Branches (IBBs) in overall deposits of Islamic Banking Institutions (IBI) stood at 58.9 percent and 41.1 percent, respectively by end March, 2021.
The category wise breakup of deposits shows that saving deposits and current deposits increased by PKR 272 billion and PKR397 billion, respectively; while fixed deposits increased by just PKR34 billion since March 2021.
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