Finance markets

Competitive developments, expansions, new product launches, mergers and acquisitions

DUBLIN, November 8, 2022 /PRNewswire/ — The “Saudi Arabia Islamic Finance Market by Financial Sector, Region, Competition, Forecast and Opportunities, 2027” report has been added to from offer.

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The Islamic Finance Market in Saudi Arabia is expected to grow at an impressive CAGR during the forecast period, 2023-2027

One of the biggest economies in the Middle East is Saudi Arabiawhich also dominates the global Islamic finance market. Saudi Arabia is trying to become the largest market for Islamic financing. Islamic finance is the practice of banking or financing in accordance with Sharia. Islamic finance frequently uses Musharaka, Wadiah, Murabahah, Ijara and Mudarabah payment methods.

The Saudi government has implemented many programs and policies with the aim of strengthening the financial situation of the country. Saudi Vision 2030 is a decision taken by the country’s top leaders to reduce dependence on the oil industry, diversify sources of revenue and develop public resources including tourism, infrastructure, education and tourism. leisure industry.

The main objective of Saudi Vision 2030 is to expand Saudi capital markets in order to stabilize the economy and achieve sustainable growth over the projection period.

The Islamic finance market in Saudi Arabia is segmented into financial sector, regional distribution and enterprise. Based on the financial sector, the market is divided into Islamic banking, Islamic insurance, outstanding sukuk and others. The Islamic banking segment is expected to capture the highest market share during the forecast period, 2023-2027.

In all traditional banks in the Kingdom of Saudi Arabia, there are eight Islamic windows in addition to full-fledged Islamic banks. A variety of commercial, wholesale and other types of banks assist Islamic banks.

The Islamic Development Bank, the only AAA-rated Islamic bank, is located in Saudi Arabiaone of the countries with the largest Sharia-compliant development banks in the world.

Due to their higher moral standards, consumers choose to use Islamic banks for their financial needs. Islamic banks are accountable to their customers and do not take large risks or give large bonuses to their best bankers.

Saudi National Bank, Al Rajhi Bank, British Saudi Bank, Bank of RiyadhSaudi American Bank, Saudi Bank Fransi, Arab National Bank, Alinma Bank, Al Bilad BankBank Aljazira, are the major market players operating in the Islamic finance market in Saudi Arabia.

Goal of the study:

  • To analyze the historical market size growth of Saudi Arabia Islamic Finance market from 2017 to 2021.

  • Estimate and forecast the market size of Saudi Arabia Islamic Finance Market from 2022 to 2027 and the growth rate till 2027.

  • To classify and forecast the Islamic finance market in Saudi Arabia based on financial sector, region and company.

  • To identify the dominant region or segment of the Saudi Arabia Islamic finance market.

  • Identify the drivers and challenges of the Islamic finance market in Saudi Arabia.

  • Examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the Saudi Arabia Islamic Finance Market.

  • Identify and analyze the profiles of key players operating in the Saudi Arabia Islamic Finance Market.

  • Identify key sustainable strategies adopted by market players in Saudi Arabia Islamic financial market.

Competitive landscape

Company Profiles: Detailed analysis of the main companies present in Saudi Arabia Islamic finance market.

  • The Saudi National Bank

  • Al Rajhi bank

  • British Saudi bank

  • Bank of Riyadh

  • The Saudi American bank

  • Saudi Fransi Bank

  • Arab National Bank

  • Alinma Bank

  • Al Bilad Bank

  • Aljazira Bank

Report Scope:

Years considered for this report:

Islamic finance market in Saudi Arabia, by financial sector:

  • Islamic bank

  • Islamic insurance

  • Sukuk in circulation

  • Others

Islamic finance market in Saudi Arabia, by region:

  • North and center

  • From South

  • East

  • western

For more information about this report visit

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