Central Bank head says Saudi Arabia hits $430 billion in Shariah-compliant finance

Fahad Al Mubarak, the governor of the Saudi Central Bank says the country has witnesses rapid growth in Islamic financing with the total Shariah-compliant financing amounted to more than $430 billion. The Islamic financial industry accomplished an annual growth of more than 10 percent. The total assets of Islamic financial services amounted to nearly $800 billion in the banking sector, sukuk sector, insurance sector and investment funds sector in the Kingdom.

Read the original article in Arab News: Shariah-complaint finance in Saudi Arabia hits $430 billion, Central Bank head says