KARACHI: The net assets of Habib Metropolitan Islamic windows surged by 7.15 percent during first half of the calendar year 2011 (1HCY11) as it recorded at Rs 1.22 billion as compared to Rs 1.14 billion in December, 2010.
Currently, the share of Islamic banking in Pakistan's banking sector is at 7.75 percent of total industry and it is worth Rs 4.5 trillion with at least 12 conventional banks running Shariah-complaint branches.
Total assets of the bank inched up by 4.57 percent during the period under review to Rs 16.79 billion against Rs 16.06 billion during the same period last year.
The financing assets were dominated by growth in Murabaha which jumped up by 65 percent while investments remained on lower side during the six months.
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