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The Saudi Arabia Islamic finance market is segmented into the financial sector, regional distribution, and company. Based on the financial sector, the market is divided into Islamic banking, Islamic insurance, sukuk outstanding, and others. The Islamic banking segment is expected to capture the highest market share in the forecast period, 2023-2027. In all of the 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. Due to their higher moral standards, consumers choose to use Islamic banks for their financial needs. Islamic banks are accountable to their clients and do not take on significant risks or give large bonuses to their top bankers.
The Saudi National Bank, The Al Rajhi Bank, The Saudi British Bank, Riyad Bank, The Saudi American Bank, Banque Saudi Fransi, Arab National Bank, Alinma Bank, Al Bilad Bank, Bank Aljazira, are the major market players operating in the Saudi Arabia Islamic Finance market.
Years considered for this report:
- Historical Years: 2017-2020
- Base Year: 2021
- Estimated Year: 2022
- Forecast Period: 2023-2027
Objective of the Study:
- To analyze the historical growth in the market size of the Saudi Arabia Islamic Finance Market from 2017 to 2021.
- To estimate and forecast the market size of Saudi Arabia Islamic Finance Market from 2022 to 2027 and growth rate until 2027.
- To classify and forecast the Saudi Arabia Islamic Finance Market based on financial sector, region and company.
- To identify the dominant region or segment in the Saudi Arabia Islamic Finance Market.
- To identify drivers and challenges for the Saudi Arabia Islamic Finance Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Saudi Arabia Islamic Finance Market.
- To identify and analyze the profiles of leading players operating in the Saudi Arabia Islamic Finance Market.
- To identify key sustainable strategies adopted by market players in Saudi Arabia Islamic Finance Market.
The publisher calculated the market size of the Saudi Arabia Islamic Finance Market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- Islamic finance service providers
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances related to Islamic finance
Report Scope:
In this report, Saudi Arabia Islamic Finance market has been segmented into following categories, in addition to the industry trends which have also been detailed below:Saudi Arabia Islamic Finance Market, By Financial Sector:
- Islamic Banking
- Islamic Insurance
- Sukuk Outstanding
- Others
Saudi Arabia Islamic Finance Market, By Region:
- Northern & Central
- Southern
- Eastern
- Western
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Islamic Finance market.Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs.This product will be delivered within 1-3 business days.
Table of Contents
Companies Mentioned
- The Saudi National Bank
- The Al Rajhi Bank
- The Saudi British Bank
- Riyad Bank
- The Saudi American Bank
- Banque Saudi Fransi
- Arab National Bank
- Alinma Bank
- Al Bilad Bank
- Bank Aljazira