Saudi Arabia is hosting its first National Forum for Islamic Banking on Dec. 6 and 7 in Riyadh, titled “Kingdom’s Leadership in Islamic Banking.”
Participants in the forum discussed the impact of Islamic banking on the economic development of the country, the Kingdom’s regulatory environment, Islamic digital banking in Saudi Arabia, and the role of Islamic banks in promoting entrepreneurship in the kingdom.
This comes in light of the rapid growth of the Islamic financial industry since its inception at the global level.
Islamic banking assets in the Kingdom reached more than $565 billion by the first quarter of 2021, SPA reported.
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