Islamic Banking at the Forefront in Saudi Arabia

"Strong government involvement, increasing demand for Islamic products, and the entry of numerous new players are few propellants of Saudi Arabia Islamic Banking", says RNCOS in its latest research.

NOIDA, India (prHWY.com) December 7, 2012 - Islamic banking is a growing sector in the Saudi Arabia banking industry. It is a system of banking, consistent with the principles of Islamic law (Shari'ah). It prohibits usury, the collection and payment of interest and trading in financial risk. The Kingdom of Saudi Arabia is the largest player in terms of pool of funds in the global Islamic finance market. Saudi Arabia emerged as the largest market for Islamic banking in the GCC, with a total asset of full-fledged Islamic banks accounting for approximately 27.4% of the region's total Islamic banking.

Sukuk (Islamic bonds) are gaining popularity in Saudi Arabia due to their risk-free nature and are expected to boom further in the years to come. Even in recessionary times, Sukuk provided stability to Saudi banking industry. Some of the key factors behind the growth of the Islamic banking in the region are strong government involvement, increasing demand for Islamic products, and the entry of numerous new players among others.

Our latest report, "Saudi Arabia Banking Sector Outlook 2015", spread across 60 pages analyzes the macroeconomic factors critical to the banking sector along with their impact on the sector. The report also identifies key players in the market and includes their detailed business description. Besides, historical analysis of their performance is also undertaken on the base of key financial ratios. Infrastructural development of ATMs, POS terminals, and branches of top 10 banks is exhaustively been covered. Additionally, the report sheds light on the emerging industry trends, which are expected to decide the future of the Kingdom's banking sector. Forecast for key banking segments, such as loans, deposits etc. have been also presented in the report to enable a better understanding of the Saudi Arabian banking sector.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM417.htm

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About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: private sector loans

Categories: Finance

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