The Central Directorate of National Savings (CDNS) achieved its annual target of Rs10 billion through Islamic finance bonds in fiscal year 2026-27, reflecting continued growth in demand for Shariah-compliant investment products.
CDNS achieves Rs10bn Islamic finance bond target in FY, 2026-27
ISLAMABAD, Sep 30 (APP): The Central Directorate of National Savings (CDNS) achieved its annual target of Rs10 billion through Islamic finance bonds in fiscal year 2026-27, reflecting continued growth in demand for Shariah-compliant investment products.
The achievement reflects the CDNS’s growing focus on Islamic finance and its efforts to expand interest-free investment opportunities for individual and institutional investors.
The institution has set an overall target of Rs60 billion for mobilization through Islamic investment products during FY2026-27, as part of its strategy to further strengthen Shariah-compliant savings options in the country, a senior official of CDNS told APP here on Wednesday.
The target follows strong performance in the previous fiscal year, when the CDNS mobilized Rs61 billion through Islamic investment products during the first 11 months of FY2025-26, against an annual target of Rs55 billion.
A senior CDNS official said the higher mobilization reflected increasing demand for interest-free investment options among investors. The official said the CDNS had given greater attention to Islamic finance, while the positive response from investors had encouraged the institution to further expand its Shariah-compliant product portfolio.
Islamic bonds and Shariah-compliant savings certificates have emerged as important components of the CDNS’s Islamic investment portfolio. These instruments provide investors with investment avenues consistent with Islamic principles while helping channel domestic savings into economic activity.
The CDNS mobilized Rs24 billion through Islamic investments during FY2024-25, while nearly Rs75 billion was raised through Islamic bonds in FY2023-24.
Officials said the institution was also pursuing reforms to improve access to Islamic investment products. The measures include digital transformation, enhanced customer services and the introduction of new savings instruments.
The reforms are aimed at making Shariah-compliant investments more convenient and accessible while encouraging wider participation in Islamic savings schemes.
The CDNS expects continued expansion of Islamic finance to support the development of Pakistan’s Islamic economy, promote broader financial inclusion and contribute to sustainable economic growth.
