« Back to News

Saudi Arabia is largest Islamic finance market, with total assets exceeding $826bln: SAMA

In his opening remarks, the Governor of the Saudi Central Bank (SAMA) and Chairman of the Islamic Financial Services Board’s (IFSB) Council, Ayman Al-Sayari, welcomed IFSB council members at the IFSB 20th Anniversary Symposium.

Al-Sayari noted that the global Islamic finance sector has witnessed accelerated growth, with the value of its assets standing at over SAR 11.2 trillion, displaying an average growth of 9.6% over the last 3 years.

He added: “Saudi Arabia has a deep-rooted and historical relationship with Islamic finance. It houses the largest Islamic Finance market in the world, with total Islamic assets across sectors exceeding SAR 3.1 trillion”.  The Islamic banking sector alone accounts for 33% of the global Islamic bank assets,” Al-Sayari said.

Link: https://www.zawya.com/en/islamic-economy/islamic-finance/saudi-arabia-is-largest-islamic-finance-market-with-total-assets-exceeding-826bln-sama-j6cm59nd

® JIAC 2017 – C.F. 97866940584 - Credits