In Pakistan, sharia-compliant banking currently accounts for a marginal share of the Pakistani financial sector. Recent estimates expect that Islamic financial assets in Pakistan could reach more soon.
Pakistan is preparing the legal framework for Islamic finance products such as the issuance of Islamic bonds (Sukuk) and in order to help financing Pakistan's SME it will promote Sukuk, Takaful (Islamic insurance) and halal microcredit.
Currently, Pakistan has a number of fully operational Islamic banks which serve retail and islamic corporate banking offering halal financing products such as Ijara, Ijara-wa-iqtina, Mudaraba, Murabaha and Musharaka.
PAKISTAN ONLINE SHARIA BANK