GROWTH IN ISLAMIC BORROWING MAY BOOST PAKISTAN’S NASCENT PROPERTY MARKET
February 24th, 2022
Pakistan’s Islamic retail banking sector is expected to see impressive growth in the years ahead, aided especially by an increase in Islamic mortgage lending as more faith-oriented customers choose Shariah finance when buying or building a home. Pakistan is the second most populous Muslim country in the world and the demand from its 227 million people for Islamic financial services are expanding fast – albeit from a low base. Islamic banking assets in Pakistan have increased at a compound annual growth rate of around 24% in the last 10 years, according ...
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