Launch joint capacity building efforts for Islamic finance industry. SBP and the industry will promote capacity building for greater understanding of Shariah principles, asset and liability management, and features of product structure. In addition, specialized training will be needed to promote smooth and effective implementation of IFSB and AAOIFI standards.
E.  Conclusion  With its promising prospects and potential, Islamic banks will need to grow at least by 4050% annually to be able to raise its share from 3.5% to about 15% of the total banking system.