Categories: LinkedIn

2020-12-12

KSA: Islamic financing in Saudi Arabia will reach around 80 percent of system-wide loans in the next 12-18 months as corporates and households increasingly use Islamic products even as low oil prices and the coronavirus crisis cause economic challenges- Moody’s.

Saudi Arabia strengthens position as world’s largest Islamic finance market

LONDON: Islamic financing in Saudi Arabia will reach around 80 percent of system-wide loans in the next 12-18 months according to a report from Moody’s. That compares to 78 percent of loans in the Kingdom in 2019 and 70 percent in 2013, the credit ratings agency said in a report on Tuesday. Moody’s …
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