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IFN Roadshow 2 - Saudi Arabia 2021
This is the 8th IFN Saudi Arabia event.

An Islamic banking and finance pioneer, Saudi Arabia’s Shariah banking industry holds a 51.5% share of its domestic market. There are 12 local banks licensed by the SAMA, four of which are fully-fledged Islamic while the rest operate Islamic banking units. The Kingdom also has a thriving Islamic fintech scene, with 13 fintech companies licensed by the central bank, all of which provide Islamic solutions if not fully-fledged Shariah compliant. The Kingdom remains home to the largest number of Islamic funds worldwide, holding 34% of total Islamic fund assets under management. The Saudi Exchange lists 252 mutual funds and 17 Islamic REITs. Operating a fully Islamic insurance sector, Saudi Arabia is the largest Takaful market in the world with 30 licensed insurance operators.

Nov 29, 2021 04:30 PM in Kuala Lumpur

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