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AlHuda Centre of Islamic Banking and Economics (AlHuda-CIBE)
again showed their strength by organizing the "4th International Conference and Exhibition on Islamic Banking and Takaful" on November 02, 2010 at Expo Centre, Lahore, Pakistan. A long awaited event which brought together the scholars and practitioners from all over the globe on platform on one day was organized in the most difficult time of the current period....
 
Exclusive Report "4th International Conference and Exhibition on Islamic Banking and Takaful"
 
 
 
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BoK eyes to tap Dubai & Afghanistan’s Islamic banking Market.
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Bank of Khyber (BoK) Managing Director Bilal Mustafa Tuesday said that the bank is planning to open its Islamic banking branches (one each) in Afghanistan and Dubai next year. He was addressing a press conference in connection with the 7th anniversary celebrations of its Islamic banking. Bilal Mustafa said BoK is one of the few banks that offer both conventional and Islamic banking services to its customers, thus, making it a unique bank. He observed that since its inception, the BoK has witnessed a visible growth at fast pace. He averred that the BoK is expecting to expand its branches to 74 in the country by the end of 2011, of which 31 would be dedicated to Islamic banking. About the progress of BoK's Islamic banking, he said its annual growth is Rs 1 billion with deposits of Rs 9.5 billion, while its depositors are 100,000. "The BoK's assets stand at Rs 46 billion, of which Rs 11-12 billion belong to Islamic banking. Its advances stand at Rs 3 billion while its equity is worth Rs 1.2 billion and return on equity is 31 percent," he added.

 
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