CDNS Mobilizes Rs24bn in Shariah-Compliant Investments, Nears FY26 Islamic Finance Target
Central Directorate of National Savings secures Rs24bn in Islamic investments, achieving 94% of its FY26 target as Shariah-compliant savings instruments gain momentum in Pakistan.
Lucky Investments Surpasses Rs130bn AUM Within One Year of Operations
Lucky Investments Limited has crossed Rs130 billion in assets under management within its first year, highlighting strong demand for Shariah-compliant mutual funds and rapid growth in Pakistan’s Islamic asset management sector.
Islamic Finance Industry to Exceed $6 Trillion in 2026 with Growth in Banking, Sukuk, and Fintech
Global Islamic finance is projected to surpass $6 trillion in 2026, led by strong growth in banking, sukuk issuance, and fintech, with Africa emerging as the fastest-growing frontier.
Global Sukuk Market Hits Record $231 Billion in 2025, Fitch Reports 21% YoY Growth
Fitch Ratings reports that global sukuk issuance surged 21% year-on-year in Q3 2025 to $231 billion, driven by strong investor demand, stable credit quality, and rising ESG-compliant instruments. The Middle East continues to lead the market, with the US dollar dominating issuance.
Unconventional – The Bank No One Saw Coming: Book on Meezan Bank’s Transformative Journey Launched in Karachi
A new book titled “Unconventional – The Bank No One Saw Coming,” authored by Sibtain Naqvi, was launched in Karachi, chronicling the rise of Meezan Bank and its impact on Pakistan’s financial industry. The event, attended by notable figures including former SBP Governor Dr Ishrat Husain, highlighted the bank’s evolution, leadership, and pioneering role in Islamic finance.
Islamic Banking Captures 25% Industry Share in Pakistan, Says Former SBP Governor
Former SBP Governor Ishrat Husain highlighted the impressive growth of Islamic banking in Pakistan, which now holds 25% of the country’s total banking industry. Speaking at the launch of a book on Meezan Bank, he emphasized the sector’s role in fostering inclusive growth, poverty alleviation, and financial stability.