Islamic banking investment stood at Tk 1770.93 billion in first quarter of 2017

Posted by BankInfo on Wed, Jun 07 2017 11:17 am

Total amount of investments by the country’s Islamic banks stood at Tk 1770.93 billion at the end of the first quarter of this calendar year. 

According to Bangladesh Bank’s latest report, investments, loans in conventional sense in Islamic banking sector increased by 4.82 per cent over the previous quarter.

Some Tk 1689.57 billion was invested by the Islamic banks during the immediate quarter, the last (October-December) of 2016.  

The investment of January-March period was also 18.55 per cent higher than the same period of the past year. 

The central bank review report showed that the share of total investment of Islamic banks accounted for 24.10 per cent among all the banks in the country.

It also showed that eight full-fledged Islamic banks made 95.47 per cent of the total Shariah banking investment.

The scheduled banks made the rest 4.53 per cent of the Shariah banking investment— 2.71 per cent and 1.82 per cent by their Islamic banking branches and windows respectively. 

Islami Bank Bangladesh Limited alone invested 35.58 per cent of the country's total Shariah investment in the first quarter of this calendar year.

news:financial express/7-may-2017
Posted in Banking, News

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