Sharia-compliant finance contracts grew by 18% year-on-year (YoY) to SAR 1.724 trillion in Saudi Arabia in Q4 2021, data from the Saudi Central Bank (SAMA) showed.
Sharia-compliant finance agreements cover Murabaja, Tawarruq, finance lease, Mudaraba, Musharaka, and other agreements including credit cards.
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Sharia-Compliant Finance Agreements |
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|
Period |
Value (SAR bln) |
YoY Change |
|
Q1 2020 |
1299.8 |
+13% |
|
Q2 2020 |
1346.3 |
+15% |
|
Q3 2020 |
1402.0 |
+16% |
|
Q4 2020 |
1461.9 |
+17% |
|
Q1 2021 |
1542.1 |
+19% |
|
Q2 2021 |
1612.5 |
+20% |
|
Q3 2021 |
1665.8 |
+19% |
|
Q4 2021 |
1724.3 |
+18% |
*Data is updated regularly
Murabaha and Tawarruq agreements accounted for 89% of total Sharia-compliant finance contracts.
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Breakdown of Sharia-Compliant Finance Agreements – SAR bln |
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|
Period |
Murabaha |
Tawarruq |
Finance Leasing |
Mudaraba |
Musharaka |
Other |
Total |
|
Q1 2020 |
492.6 |
583.1 |
207.0 |
1.9 |
1.8 |
16.7 |
1299.8 |
|
Q2 |
513.6 |
599.3 |
217.4 |
1.5 |
1.5 |
16.3 |
1346.3 |
|
Q3 |
535.6 |
624.4 |
224.9 |
1.5 |
1.7 |
17.2 |
1402.0 |
|
Q4 |
562.9 |
643.0 |
231.3 |
1.6 |
1.8 |
21.3 |
1461.9 |
|
Q1 2021 |
609.8 |
655.6 |
252.1 |
1.7 |
1.9 |
21.0 |
1542.1 |
|
Q2 |
708.1 |
696.5 |
183.6 |
1.8 |
1.5 |
20.9 |
1612.5 |
|
Q3 |
748.6 |
703.4 |
184.3 |
1.8 |
1.4 |
26.3 |
1665.8 |
|
Q4 |
779.1 |
749.4 |
169.4 |
1.9 |
1.3 |
23.2 |
1724.3 |
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