Saudi Arabian banknotes
Shariah-compliant finance contracts in Saudi Arabia grew by 16% year-on-year (YoY) to SAR 1.8715 trillion in Q2 2022, data from the Saudi Central Bank (SAMA) showed.
These agreements cover Murabaja, Tawarruq, finance lease, Mudaraba, Musharaka, among others including credit cards.
|
Shariah-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% |
|
Q2 2022 |
1,871.5 |
+16% |
Murabaha and Tawarruq agreements accounted for 52% and 37%, respectively, of total Shariah-compliant financing.
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Breakdown of Shariah-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 |
|
Q2 2022 |
968.3 |
692.8 |
177.7 |
2.0 |
1.1 |
29.6 |
1,871.5 |
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