Pakistan’s Islamic banking industry is projected to grow significantly, with total assets expected to reach Rs18–19 trillion by December 2026, up from Rs14.47 trillion in December 2025, according to a media briefing by Meezan Bank.

Key speakers, including Ahmed Ali Siddiqui and Farhan Ul Haq Usmani, emphasized the growth of Islamic banking, noting that deposits may rise to Rs13.5–14.5 trillion by December 2026, with market share increasing from 22.9% to 25–27% of total banking assets. The Islamic financing portfolio is expected to grow to Rs7.0–7.8 trillion, reflecting increased demand for Shariah-compliant products.

The sector has shown consistent growth, with assets rising from Rs5.27 trillion in December 2021 to Rs14.47 trillion by December 2025. The branch network is projected to expand to 7,300–7,800 branches by 2026, enhancing financial inclusion. The transition towards a Riba-free banking system is anticipated to accelerate growth further, potentially exceeding Rs25 trillion in assets by 2028.

These projections are based on current trends and could vary due to regulatory and market factors.