Investments by Islamic banking sector jump 19pc

The total investment in the country’s Islamic banking sector jumped 19 per cent at the end of December 2017, over the same period of the previous year (2016).

Statistics release by the central bank showed that total investments by the Islamic banking sector stood at Tk 2011.02 billion at the end of December 2017, which was Tk 1689.57 billion in the same period of 2016.

Islamic banking sector includes eight full-fledge Islamic banks, 19 Islamic banking branches of nine conventional banks and 25 Islamic banking windows of conventional banks in the country.

The central bank data also revealed that investment in the trade and business sector was the highest among all the sectors. The ratio stood at around 29 per cent at the end of December 2017.

The next two positions were occupied by MSME (Micro, Small and Medium Enterprises) which stood at 27.52 per cent and 25.29 per cent by the industrial sector.