Saudiya Arabistoning bank tizimi

Saudi Arabian banking system

Umirova Maftuna Saodatdinova Aziza

PLAN:

• Islamic banking and finance
• National currency of Saudi Arabia

3. Saudi Arabian banking system
4. Economic relations between Uzbekistan and Saudi Arabia

introduction

We’re familiar with Arabic banks. Arabic banks, also known as Middle Eastern banks, encompass a wide range of financial institutions operating in various countries across the Arab region. These banks play a pivotal role in the economic development and financial landscape of the Arab world.

Islamic banking and finance

Islamic banking is …

• Islamic banking and finance is a system that operates in accordance with Shariah principles, which are based on Islamic ethics and guidelines.

Islamic banking and finance is …

Global growing

• Islamic banking and finance have experienced significant growth globally over the past few decades. According to the Islamic Financial Services Board (IFSB), the total assets of the Islamic finance industry reached $2.88 trillion in 2020.

Islamic banking and finance is …

Islamic Banking Assets

• The assets of Islamic banks have been steadily increasing. The top five countries with the highest Islamic banking assets are Saudi Arabia, Iran, Malaysia, the UAE, and Kuwait. Saudi Arabia, in particular, has the largest Islamic banking market in terms of assets.

Islamic Capital Markets

• Islamic finance extends beyond banking to include capital markets, such as Sukuk (Islamic bonds) and Islamic equity. Sukuk issuances have seen significant growth, with Malaysia being the leading market for Sukuk globally.

Islamic banking and finance is …

Islamic Financial Institutions

• The industry comprises various Islamic financial institutions, including Islamic banks, Islamic development banks, Takaful (Islamic insurance) companies, and Islamic investment funds. These institutions provide a wide range of products and services that comply with Shariah principles.