Investment by Islamic banking industry rises by 23pc - Newspaper

Profit-before-tax of IBI was recorded at Rs21.3bn in 3QFY21 compared to Rs20.6bn in the same period in FY20. — Dawn/File
KARACHI: The Islamic Banking Industry (IBI) invested 23 per cent more than the deposit growth during Jan-March 2021 (3QFY21) indicating the presence of large liquidity, the State Bank of Pakistan (SBP) said on Friday.
In its quarterly Islamic Banking Bulletin, the SBP noted that deposit base of IBI grew by Rs68 billion during 3QFY21 while investments went up by Rs84bn. Investments (net) of IBI registered an increase of Rs84bn during the period and stood at Rs1,345bn by end of March 2021.

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