In Saudi-Arabia, sharia-compliant banking currently accounts for a major share of Saudi Tunisian financial sector. Recent estimates expect that Islamic financial assets in Saudi-Arabia could reach more soon.
Saudi-Arabia is preparing the legal framework for Islamic finance products such as the issuance of Islamic bonds (Sukuk) and in order to help financing Saudi-Arabia's SME it will promote Sukuk, Takaful (Islamic insurance) and halal microcredit.
Currently, Saudi-Arabia has a number of fully operational Islamic banks which serve retail and islamic corporate banking offering halal financing products such as Ijara, Ijara-wa-iqtina, Mudaraba, Murabaha and Musharaka.
SAUDI ARABIA ONLINE SHARIA BANK