Islamic banks’ investment jumps by 17pc in FY18

FE Online Report | Published: September 15, 2018 17:25:18 | Updated: September 21, 2018 11:02:27

Total investment by the country’s Islamic banking industry stood at Tk 2.16 trillion at the end of the past fiscal year (FY18).

Bangladesh Bank statistics also showed that the investment by the Islamic banks increased by 17 per cent in FY18 over the previous fiscal (FY17).

Total investment by the Islamic banks was Tk 1.85 trillion at the end of FY17.

The growth rate of the investment, loan in conventional sense, was 18.28 per cent in FY17.

Islamic banking industry includes eight full-fledged Islamic banks (with 1134 branches), 19 Islamic banking branches of the conventional banks and Islamic banking windows of conventional banks in the country.

Central bank statistics also showed that among the total investment of Islamic banks, 95.19 per cent were made by eight full-fledged Islamic banks.

Islami Bank Bangladesh Ltd attained the highest share in investments which was 35 per cent at the end of the past fiscal year.

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