Diversification of Islamic Financial Insturments

house financing products are mainly based on Diminishing Musharakah and Ijarah bi

Tamleek

Figure 10:

Mudarabah-Based Deposits Profit Distribution Procedures Followed By Islamic Banks

Source: Extract from DIBPAK

3.3.4 ISLAMIC CAPITAL MARKET IN PAKISTAN

The Islamic capital markets segment of Pakistan consists of the Islamic asset management

industry (including the different Shariah compliant funds), Islamic equity indices, Sukuk and

Modaraba companies.

Ijarah bi Tamleek in Pakistan is when the Islamic bank agrees to gift the asset (car, bike, house etc.) to the customer once

all the rental payments are completed.