Pakistan’s Islamic finance industry can be divided into five major components: Islamic banking, Sukuk, Islamic fund/asset management, Takaful and Islamic microfinance. Out of these, Islamic
banking is the greatest contributor within the Islamic finance industry; however, there is still a large untapped area covering both banking and non-banking segments.
The China-Pakistan Economic Corridor project comprising a significant number of large infrastructure and energy projects on a route across Pakistan to the border of China is broadly expected to bring the full potential of Islamic finance into infrastructure funding.These projects will also have support to raise funds through Sukuk and other Islamic finance instruments.
Islamic finance in 2018
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