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 The Islamic Chamber of Commerce , Industry and Agriculture (ICCIA)

Strategic Plan Islamic Banking Industry of Pakistan 2014 – 2018

Source : state bank of pakistan

Category : Banking

Publish Date : January 1, 2014

ABOUT PUBLICATION

The stability and resilience exhibited in the wake of financial crisis by Islamic financial industry has led to its wider recognition as a viable and competitive component of the financial system. The innate strengths of the Islamic financial system of being based on productive economic activity and devoid of excessive leverage and imprudent risk taking have been key drivers of its significantly improved acceptability and increasing share in the global financial system. However, this post financial crisis era is challenging at the same time, due to the low confidence of customers in the prevailing financial system along with the slowdown in global economic growth. The second round impact of financial crisis on Islamic financial institutions has also indicated that the inbuilt shields of the Islamic financial system need to be complemented with a robust regulatory framework, enhanced transparency and adequate buffers for ensuring its sustainable growth.

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