Shariah-Compliant Assets in Pakistan’s NBFI Sector reach PKR 340 billion in FY2019

Data from the Security and Exchange Commission of Pakistan (SECP) showed that Shariah-compliant assets of Pakistan’s Non-Banking Financial Institutions (NBFI) constituted 29.9% of overall NBFI sector assets as of 30 June 2019, reaching PKR 340.03 billion.

Total Sukuk outstanding stood at PKR 498 billion as at the end of 2018, accounting for 77% of Pakistan’s total corporate debt market. Takaful's share in the overall insurance market has also been improving. In terms of gross premiums, Takaful accounted for 10.2% of total insurance industry gross premiums in 2018, with this ratio at 6.9% in 2016.

Shariah-compliant mutual funds accounted for 39% of Pakistan’s total...