Pakistan’s Islamic finance segment continues to gain traction as the Central Directorate of National Savings (CDNS) approaches its annual investment target, driven by a surge in Shariah-compliant inflows.
According to official sources here on Monday, CDNS has mobilized approximately Rs. 49 billion in Islamic investments during the first nine months of fiscal year 2025–26, covering the period from July 1, 2025, to April 18, 2026. This figure represents nearly 89 percent of its Rs. 55 billion annual target, positioning the organization to surpass its goal ahead of schedule.
Officials attribute this growth to increasing public confidence in interest-free financial instruments. “We have renewed our focus on Islamic finance this year, which is expected to contribute to the sustainable expansion of Pakistan’s Islamic economy,” a senior official said.
The uptick in inflows has been largely supported by the issuance of Islamic bonds and Shariah-compliant savings certificates. These products have drawn a growing base of investors seeking halal returns while contributing to national savings.
CDNS’s current performance builds on a strong trajectory in recent years. In fiscal year 2024–25, the institution successfully met its Islamic investment target of Rs. 24 billion. Earlier, in FY 2023–24, it mobilized around Rs. 75 billion through Islamic bonds, laying the groundwork for continued expansion in the sector.
Authorities note that Islamic finance is emerging as a key pillar of the global financial system.
In Pakistan, efforts to promote Shariah-compliant instruments are aligned with broader policy objectives, including financial diversification, enhanced savings mobilization, and long-term economic stability.
Beyond Islamic investments, CDNS has demonstrated robust overall performance. By mid-February 2025, it had already secured Rs. 765 billion in total savings inflows toward its annual target.
Ongoing institutional reforms ,such as digitization and the introduction of innovative savings products are expected to further improve operational efficiency and expand investor outreach.
With its Islamic finance target nearly within reach well before the close of the fiscal year, CDNS appears well-positioned not only to meet but potentially exceed expectations, reinforcing Pakistan’s transition toward a more inclusive and resilient Islamic financial system.
