The Central Directorate of National Savings has mobilized Rs24 billion in Shariah-compliant investments between July 1, 2025 and February 18, 2026, reaching nearly 94 percent of its Rs25 billion Islamic finance target for fiscal year 2025-26. The performance underscores sustained investor interest in interest-free savings instruments as Pakistan’s financial system continues to broaden its Islamic finance architecture.
According to an official statement reported by APP, the directorate has intensified its focus on Islamic finance during the ongoing fiscal year, positioning it as a key driver of sustainable growth within the national savings framework. The strong inflows reflect rising demand for halal investment avenues, particularly among savers seeking returns aligned with Shariah principles while contributing to formal savings channels.
Officials attributed the momentum to the issuance of dedicated Islamic bonds and Shariah-compliant savings certificates. These instruments have drawn participation from investors looking for structured, government-backed options that comply with Islamic financial guidelines. The combination of credible returns and faith-based compliance has strengthened their appeal across retail and institutional segments.
The near achievement of the annual target months before fiscal year-end signals continued traction for Islamic instruments within the broader savings ecosystem. In fiscal year 2024-25, the directorate successfully met its Rs24 billion Islamic investment target. Earlier, in fiscal year 2023-24, it mobilized approximately Rs75 billion through Islamic bonds alone, establishing a foundation for expanding Shariah-compliant offerings and reinforcing institutional reforms.
Islamic finance has emerged as a significant segment of the global financial landscape, and its domestic growth trajectory reflects Pakistan’s broader efforts to diversify financial products and deepen capital formation. Expanding access to Shariah-compliant instruments is also aligned with policy objectives aimed at promoting a savings culture and enhancing macroeconomic resilience.
Beyond its Islamic portfolio, the Central Directorate of National Savings has recorded strong overall mobilization figures. By February 15, 2025, it had secured Rs765 billion in inflows toward its total savings target for fiscal year 2025-26. This cumulative performance highlights the continued reliance on national savings schemes as a stable funding source for the government and a secure investment avenue for citizens.
Institutional reforms within the directorate are also advancing in parallel. Ongoing initiatives focus on improving operational efficiency, accelerating digitization processes, and introducing innovative savings products tailored to evolving market preferences. Enhanced digital interfaces and streamlined service delivery are expected to further broaden participation and improve investor experience across urban and rural segments.
The accelerated pace of Shariah-compliant investment mobilization suggests that the Rs25 billion annual target may be surpassed before the fiscal year concludes. Such an outcome would reinforce the expanding role of Islamic finance within Pakistan’s savings architecture and contribute to a more inclusive financial environment.
As Islamic instruments gain wider acceptance and operational frameworks become more streamlined, the Central Directorate of National Savings appears positioned to strengthen its contribution to national capital formation while supporting the country’s evolving Islamic economic framework.
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