Topic

islamic banking industry

Conventional to Islamic banking: SBP issues broad parameters for conversion

Updated 29 Jun, 2024 09:10am

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

SBP directs IBI to adopt new AAOIFI Shariah Standards

Published 20 Jun, 2024 06:01am

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

SBP adopts six new AAOIFI Shariah Standards

Published 23 Jan, 2024 05:14am

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

SBP adopts AAOIFI’s Shariah standards

Updated 31 Aug, 2023 09:25am

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

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

Published 29 Dec, 2022 05:59am

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

Govt will borrow over Rs7trn during Q2FY23

Updated 13 Oct, 2022 09:44am

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

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

Published 04 Oct, 2022 06:51am

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

Islamic banking industry: SBP adopts more AAOIFI Shariah Standards

Published 05 Jul, 2022 05:19am

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

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

Published 25 May, 2022 04:40am

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

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

Updated 24 May, 2022 06:37pm

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

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

Published 02 Apr, 2022 04:14am

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

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

Published 11 Sep, 2021 04:49pm

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

IBI assets increase by Rs120bn QoQ

Published 10 Jul, 2021 03:29am

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

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

Published 09 Jul, 2021 06:29pm

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

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

Published 06 Apr, 2021 04:23am

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

SBP unveils strategic plan for Islamic banking industry

Published 05 Apr, 2021 07:54pm

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

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.

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 3	278.65
USD PKR Interbank Buying / Jun 3	278.45
USD to Japanese Yen / Jun 3	159.93
USD to Swiss Franc / Jun 3	0.79
Pound Sterling to USD / Jun 3	1.34
Euro to USD / Jun 3	1.16
SOFR % / Jun 3	3.63

Stock	Volume
S&P 500 / Jun 3	7,553.68
India Sensex / Jun 3	74,346.17
Tokyo Nikkei / Jun 3	68,402.13
Nasdaq / Jun 3	26,853.97
Hang Seng / Jun 3	25,633.21
FTSE 100 / Jun 3	10,332.30
Dow Jones / Jun 3	50,687.07
Germany DAX 30 / Jun 3	24,795.94
France CAC40 / Jun 3	8,150.42

Item	Value
Crude Oil USD/Barrel / Jun 3	95.34
Gold 10 Grams PKR / Jun 3	401,030
Gold Spot USD/Ounce / Jun 3	4,452.30
Cotton US¢/pound / Jun 3	80.51
Petrol/Litre / Jun 4	381.78
Diesel/Litre / Jun 4	380.78

Gainers
Losers
Leaders

Stock	Price
Universal Ins. / Jun 4 The Universal Insurance Company Limited(UVIC)	25.59 ▲ 2.33 (10.02%)
Tri-Star Power / Jun 4 Tri-Star Power Limited(TSPL)	15.38 ▲ 1.4 (10.01%)
Pak Synthetics / Jun 4 Pakistan Synthetics Limited(PSYL)	127.36 ▲ 11.58 (10%)
Aisha Steel(ConPS) / Jun 4 Aisha Steel(ConPS)(ASLPS)	32.70 ▲ 2.92 (9.81%)
Gammon Pak / Jun 4 Gammon Pakistan Limited(GAMON)	20.80 ▲ 1.57 (8.16%)
Askari Life Assur. / Jun 4 Askari Life Assurance Company Limited(ALAC)	20.80 ▲ 1.56 (8.11%)
Ideal Spinning / Jun 4 Ideal Spinning Mills Limited(IDSM)	78 ▲ 5.52 (7.62%)
First Dawood Prop. / Jun 4 First Dawood Properties Limited(FDPL)	4.91 ▲ 0.34 (7.44%)
Jubilee Spinning / Jun 4 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	55.80 ▲ 3.85 (7.41%)
AKD Securities / Jun 4 AKD Securities Limited(AKDSL)	37.70 ▲ 2.36 (6.68%)

Stock	Price
Ellcot Spinning / Jun 4 Ellcot Spinning Mills Limited(ELSM)	104.10 ▼ -10.72 (-9.34%)
Khairpur Sug. / Jun 4 Khairpur Sugar Mills Limited(KPUS)	1,980 ▼ -184.61 (-8.53%)
Chenab Ltd (Pref) / Jun 4 Chenab Limited (Pref)(CLCPS)	3.60 ▼ -0.25 (-6.49%)
Ahmad Hassan / Jun 4 Ahmad Hassan Textile Mills Limited(AHTM)	80 ▼ -5.11 (-6%)
Diamond Ind. / Jun 4 Diamond Industries Limited(DIIL)	67.52 ▼ -3.96 (-5.54%)
Kohat Textile / Jun 4 Kohat Textile Mills Limited(KOHTM)	78.50 ▼ -3.98 (-4.83%)
Mandviwala / Jun 4 Mandviwala Mauser Plastic Industries(MWMP)	67.62 ▼ -3.1 (-4.38%)
Sapphire Textile / Jun 4 Sapphire Textile Mills Limited(SAPT)	1,331.01 ▼ -53.73 (-3.88%)
Data Agro / Jun 4 Data Agro Limited(DAAG)	79 ▼ -2.74 (-3.35%)
Reliance Ins. / Jun 4 Reliance Insurance Company Limited(RICL)	11.30 ▼ -0.38 (-3.25%)

Stock	Volume
Beco Steel Ltd / Jun 4 Beco Steel Limited(BECO)	19,619,474 ▲ 0.3
Dewan Cement / Jun 4 Dewan Cement Limited(DCL)	4,536,100 ▲ 0.3
Wasl Mobility Mod. / Jun 4 Wasl Mobility Modaraba(WASL)	3,741,367 ▲ 0.31
Pak Qatar Family / Jun 4 Pak Qatar Family Takaful Limited(PAKQATAR)	3,468,129 ▲ 0.83
P.T.C.L. / Jun 4 Pakistan Telecommunication Company Ltd(PTC)	2,628,206 ▲ 1.17
TPL Corp Ltd / Jun 4 TPL Corp Limited(TPL)	2,081,254 ▲ 0.33
Maple Leaf Cement / Jun 4 Maple Leaf Cement Factory Limited(MLCF)	1,932,159 ▲ 0.91
AKD Securities / Jun 4 AKD Securities Limited(AKDSL)	1,916,957 ▲ 2.36
B.O.Punjab / Jun 4 The Bank of Punjab(BOP)	1,792,466 ▲ 0.24
Fauji Cement / Jun 4 Fauji Cement Company Limited(FCCL)	1,212,561 ▲ 0.66

islamic banking industry

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