Bulletin Vol.III No.1March, 2008 Quarterly Safar 1429 Inside z SBP Governor’s View P-1 z Industry Progress & Market share P-2 z Comparative Consolidated Balance Sheet P-3 z Analysis of Balance Sheet P-4 z Book Review P-6 z Bank in Focus P-7 z Mode of Financing in focus: Diminishing Musharaka P-8 z Introduction of SBP Shariah Board Member P-9 z Developments at IBD - SBP P-10 z Local News P-12 z International News P-15 z Islamic Banking Branch Network P-19 z Cities-wise breakup of IBIs P-20 z Contacts Details of IBD P-21 Islamic Banking Department State Bank of Pakistan Islamic Banking Department Vision Make Islamic Banking the Banking of First Choice for the Providers and Users of Financial Services. Mission Promote and Regulate Islamic Banking Industry in Line with Best International Practices, Ensuring Shariah Compliance and Transparency. For any query please contact: Pervez Said
[email protected] +9221-9212495 Imran Ahmad
[email protected] +9221-2453711 M.Mazhar Khan
[email protected] +9221-2453724 Sarfraz Ahmed
[email protected] +9221-2453772 For soft copy and previous issues please visit: http://www.sbp.org.pk/ibd/bulletin/bulletin.asp State Bank of Pakistan Islamic Banking Bulletin 1 “.....Impetus to Islamic finance (IF) comes from not only its strong appeal and demand both from Muslims and now from Western world but from recognition and reality that IF is indeed an alternate and viable financing mechanism. If appropriately nurtured, it has potential to broaden and deepen financial markets.