Saudi Arabia Islamic Finance Markets Report 2022-2027:

Dublin, Oct. 21, 2022 (GLOBE NEWSWIRE) – Added Saudi Arabia Islamic Finance Market By Financial Sector, By Region, Competition, Forecast & Opportunities, 2027 report Offer.

Islamic Finance Market in Saudi Arabia is anticipated 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 attempting to become the largest market for Islamic finance. Islamic finance is the practice of banking or financing in accordance with Sharia. Islamic finance commonly uses the Musharaka, Wadiah, Murabahah, Ijara, and Mudarabah payment methods.

The Saudi Arabian government has implemented many programs and policies to strengthen the country’s financial situation. Saudi Vision 2030 is a move by the country’s leaders to reduce dependency on the oil industry, diversify sources of income and expand public resources, including tourism, infrastructure, education and leisure industries.

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

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Islamic finance market in Saudi Arabia is segmented into financial sector, regional distribution and enterprise. Based on financial sector, the market is segmented into Islamic Banking, Islamic Insurance, Pending 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, in addition to full-fledged Islamic banks, there are eight Islamic windows. A variety of commercial, wholesale, and other types of banks support Islamic banks.

The only Islamic bank with a AAA rating, the Islamic Development Bank is based in Saudi Arabia, one of the countries with the largest Sharia-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.

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Saudi National Bank, Al Rajhi Bank, Saudi British Bank, Riyad Bank, Saudi American Bank, Banque Saudi Fransi, Arab National Bank, Alinma Bank, Al Bilad Bank and Bank Aljazira are the major market players in Saudi Arabia Arab Islamic financial market.

The aim of the study:

  • To analyze the historical growth of Islamic Finance Market market size in Saudi Arabia from 2017 to 2021.
  • Estimate and forecast the market size of Islamic Finance Market in Saudi Arabia from 2022 to 2027 and its growth rate up to 2027.
  • Classification and forecast of the Islamic financial market in Saudi Arabia by financial sector, region and company.
  • Identification of the dominant region or segment in the Islamic Finance Market in Saudi Arabia.
  • Identifying drivers and challenges for the Islamic financial market in Saudi Arabia.
  • To study competitive developments such as expansions, new products, mergers and acquisitions, etc. in the Islamic finance market in Saudi Arabia.
  • Identification and analysis of the profiles of leading players operating in the Islamic finance market in Saudi Arabia.
  • Identification of major sustainable strategies being adopted by market participants in the Saudi Arabia Islamic Finance Market.
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competitive landscape

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

  • The Saudi National Bank
  • The Al-Rajhi Bank
  • The Saudi British Bank
  • Riyadh Bank
  • The Saudi American Bank
  • Banque Saudi Fransi
  • Arab National Bank
  • Alinma Bank
  • Al Bilad Bank
  • Bank Aliazira

Report scope:

Years considered for this report:

  • Historical years: 2017-2020
  • Base year: 2021
  • Estimated year: 2022
  • Forecast period: 2023-2027

Islamic Financial Market in Saudi Arabia, by Financial Sector:

  • Islamic banking
  • Islamic insurance
  • Sukuk excellent
  • Other

Islamic Financial Market in Saudi Arabia, by Region:

  • North & Central
  • south
  • East
  • Western film

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