Saudiya Arabistoning bank tizimi

Financing Facilities: Islamic banks provide financing facilities that conform to Shariah principles. This includes personal financing, home financing (known as Murabahah), business financing (such as Musharakah and Ijarah), and equipment financing (known as Istisna).
Trade Services: Islamic banks offer trade-related services, including letters of credit and trade finance facilities that conform to Islamic principles. For example, they may provide services like Murabahah-based trade financing, which involves the purchase and resale of goods at a markup, or Wakalah-based trade services, where the bank acts as an agent for the customer.
Investment Products: Islamic banks provide various Shariah-compliant investment products that allow customers to grow their wealth. These may include Islamic mutual funds, Sukuk (Islamic bonds), and equity funds that invest in Shariah-compliant companies. Profit and risk-sharing principles are upheld in these investment vehicles.
Takaful (Islamic Insurance): Islamic banks often collaborate with Takaful companies to offer Islamic insurance products. Takaful operates on the principles of mutual cooperation and shared responsibility, adhering to Shariah-compliant rules.
Cash Management: Islamic banks provide corporate and business clients with cash management services, such as payroll management, payment solutions, and liquidity management services. These services help businesses efficiently manage their finances while adhering to Islamic principles.
Wealth Management: Islamic banks also offer wealth management services tailored to the needs of high-net-worth individuals. These services may include investment advisory, estate planning, portfolio management, and Islamic inheritance planning.

National currency of Saudi arabia

• The Saudi riali or riyali (Arabic: ريال سعودي is a monetary unit of the Kingdom of Saudi Arabia. One rial is equivalent to 20 kurush (penny) or 100 Halol. Coins in denominations in circulation: 1, 5, 10, 25, 50, 100 there are banknotes of halal, 1, 2 rial and 5, 10, 50, 100, 500 rials.