Title

Keynote Address

Presenter(s)/Author(s)

Irfan Siddiqui, Meezan Bank

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Submission Type

Inaugural Session

Abstract/Description

  • The share of Islamic Banking Market Share has jumped from 14.5% in 2018 to approx. 19.4% by the end of 2021.
  • Total Banking Industry Deposits – 9% Islamic Windows, 11% Full Fledged Islamic Banks & 80% Conventional Banks; proportion of Islamic Windows & Full-Fledged Islamic Banks to grow to 30% by 2025.
  • Issuance of Sukuks will create an ecosystem for the Islamic Banking system to growth.
  • Moody’s Islamic banking Report stated that Islamic Banking has outpaced conventional banking with an average growth in deposits of approx. 28% for the next few years. Additionally, there was a 24% YoY growth over the last decade in Islamic Banking in Pakistan i.e., twice the growth rate of conventional banking.
  • 25% of remittances came to one Islamic Bank under Roshan Digital Account (RDA) Scheme because of Islamic Banking so there is immense potential in this market for growth.

Location

Movenpick Hotel, Karachi

Session Host

Mr. Muhammad Raza, Customer Support & General Services, Meezan Bank Limited

Start Date

30-5-2022 9:26 AM

End Date

30-5-2022 9:35 AM

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May 30th, 9:26 AM May 30th, 9:35 AM

Keynote Address

Movenpick Hotel, Karachi

  • The share of Islamic Banking Market Share has jumped from 14.5% in 2018 to approx. 19.4% by the end of 2021.
  • Total Banking Industry Deposits – 9% Islamic Windows, 11% Full Fledged Islamic Banks & 80% Conventional Banks; proportion of Islamic Windows & Full-Fledged Islamic Banks to grow to 30% by 2025.
  • Issuance of Sukuks will create an ecosystem for the Islamic Banking system to growth.
  • Moody’s Islamic banking Report stated that Islamic Banking has outpaced conventional banking with an average growth in deposits of approx. 28% for the next few years. Additionally, there was a 24% YoY growth over the last decade in Islamic Banking in Pakistan i.e., twice the growth rate of conventional banking.
  • 25% of remittances came to one Islamic Bank under Roshan Digital Account (RDA) Scheme because of Islamic Banking so there is immense potential in this market for growth.