SHARIA BANKING
SAUDI ARABIA

SAUDI ARABIA SHARIA BANKING SAUDI ARABIA ISLAMIC BANKING FINANCE


SAUDI ARABIA ISLAMIC BANK MURABAHA MUDARABA

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.


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