Saudi Arabian banknotes
Sharia-compliant finance contracts in Saudi Arabia grew by 16% year-on-year (YoY) to SAR 1.7909 trillion in Q1 2022, data from the Saudi Central Bank (SAMA) showed.
These agreements cover Murabaja, Tawarruq, finance lease, Mudaraba, Musharaka, among others including credit cards.
|
Sharia-Compliant Finance Agreements |
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|
Period |
Value (SAR bln) |
YoY Change |
|
Q1 2020 |
1,299.8 |
+13% |
|
Q2 2020 |
1,346.3 |
+15% |
|
Q3 2020 |
1,402.0 |
+16% |
|
Q4 2020 |
1,461.9 |
+17% |
|
Q1 2021 |
1,542.1 |
+19% |
|
Q2 2021 |
1,612.5 |
+20% |
|
Q3 2021 |
1,665.8 |
+19% |
|
Q4 2021 |
1,724.3 |
+18% |
|
Q1 2022 |
1,790.9 |
+16% |
Murabaha and Tawarruq agreements accounted for 89% of total Sharia-compliant financing.
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Breakdown of Sharia-Compliant Finance Agreements – SAR bln |
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|
Period |
Murabaha |
Tawarruq |
Finance Lease |
Mudaraba |
Musharaka |
Others* |
Total |
|
Q1 2020 |
492.6 |
583.1 |
207.0 |
1.9 |
1.8 |
16.7 |
1,299.8 |
|
Q2 |
513.6 |
599.3 |
217.4 |
1.5 |
1.5 |
16.3 |
1,346.3 |
|
Q3 |
535.6 |
624.4 |
224.9 |
1.5 |
1.7 |
17.2 |
1,402.0 |
|
Q4 |
562.9 |
643.0 |
231.3 |
1.6 |
1.8 |
21.3 |
1,461.9 |
|
Q1 2021 |
609.8 |
655.6 |
252.1 |
1.7 |
1.9 |
21.0 |
1,542.1 |
|
Q2 |
708.1 |
696.5 |
183.6 |
1.8 |
1.5 |
20.9 |
1,612.5 |
|
Q3 |
748.6 |
703.4 |
184.3 |
1.8 |
1.4 |
26.3 |
1,665.8 |
|
Q4 |
779.1 |
749.4 |
169.4 |
1.9 |
1.3 |
23.2 |
1,724.3 |
|
Q1 2022 |
825.9 |
768.7 |
169.6 |
1.9 |
1.2 |
23.5 |
1,790.9 |
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