Ashraf AboArafe
His Excellency the Governor of the Saudi Central Bank “SAMA” and Chairman of the Islamic Financial Services Council, Mr. Ayman bin Muhammad Al-Sayyari, indicated that the Islamic financial sector worldwide witnessed rapid growth, as the value of the sector’s assets exceeded 11.2 trillion riyals, with an average growth rate of 9.6 percent during the three years. past.
Al-Sayyari stressed that the Kingdom of Saudi Arabia’s relationship with Islamic finance is solid and historical, as it includes the largest market for Islamic finance in the world, and the total Islamic assets across sectors amount to more than 3.1 trillion riyals, and the Islamic banking sector alone represents approximately 33 percent of the assets of Islamic banks worldwide. world level.
His Excellency pointed out that the Kingdom is the largest sovereign issuer of sukuk in the world, and the cooperative insurance sector in the Kingdom is the fastest growing globally, with a rate of nearly 27 percent for the year 2022 AD.
