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Focus on Islamic Banking, Islamic Insurance, & Sukuk Outstanding

Editorial Board by Editorial Board
October 21, 2022
in Finance News
Reading Time: 4 mins read
0


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Dublin, Oct. 21, 2022 (GLOBE NEWSWIRE) — The “Saudi Arabia Islamic Finance Market by Financial Sector, by Region, Competition, Forecast and Opportunities, 2027” report has been added to ResearchAndMarkets.com’s offers

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

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

The government of Saudi Arabia has implemented many programs and policies in an effort to strengthen the country’s financial situation. Saudi Vision 2030 is a move by the country’s top leaders to reduce dependence on the oil industry, diversify revenue sources and grow public resources such as tourism, infrastructure, education and the recreational industry.

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

The Islamic financial market in Saudi Arabia is segmented into the financial sector, regional distribution and corporate. Based on the financial sector, the market is segmented into Islamic banking, Islamic insurance, outstanding sukuk and others. The Islamic banking segment is expected to account for 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 Islamic bank with a AAA rating, is located in Saudi Arabia, one of the countries with the largest Shariah-compliant development banks in the world.

Because of 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 significant risks or give large bonuses to their top bankers.

Saudi National Bank, Al Rajhi Bank, British Saudi Bank, Riyad Bank, Saudi American Bank, Banque Saudi Fransi, Arab National Bank, Alinma Bank, Al Bilad Bank and Aljazira Bank are the main players of the market that operate in Saudi Arabia. Arabian Islamic Financial Market.

Objective of the study:

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

  • To estimate and forecast the market size of Saudi Arabia Islamic Finance Market from 2022 to 2027 and the growth rate up to 2027.

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

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

  • Identify the drivers and challenges for the Islamic financial market in Saudi Arabia.

  • Examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the Saudi Arabian Islamic finance market.

  • To identify and analyze the profiles of the main players operating in the Islamic financial market in Saudi Arabia.

  • To identify the key sustainable strategies adopted by market players in the Islamic financial market in Saudi Arabia.

Competitive landscape

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

  • The Saudi National Bank

  • The Al Rajhi Bank

  • The British Saudi Bank

  • Riyad Bank

  • The Saudi American Bank

  • Saudi Fransi Bank

  • Arab National Bank

  • Alinma Bank

  • Bank Al Bilad

  • Aljazira Bank

Scope of the report:

Years considered for this report:

Saudi Arabian Islamic Financial Market, by Financial Sector:

  • Islamic banking

  • Islamic insurance

  • Outstanding Sukuk

  • others

Saudi Arabian Islamic Financial Market, by Region:

  • North and Central

  • south

  • eastern

  • western

For more information on this report, visit https://www.researchandmarkets.com/r/zduy25

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900



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