Sharia-compliant finance contracts grew by 18% year-on-year (YoY) to SAR 1.724 trillion in Saudi Arabia in Q4 2021, data from the Saudi Central Bank (SAMA) showed.




Sharia-compliant finance agreements cover Murabaja, Tawarruq, finance lease, Mudaraba, Musharaka, and other agreements including credit cards.
















Sharia-Compliant Finance Agreements

Period

Value (SAR bln)

YoY Change

Q1 2020

1299.8

+13%

Q2 2020

1346.3

+15%

Q3 2020

1402.0

+16%

Q4 2020

1461.9

+17%

Q1 2021

1542.1

+19%

Q2 2021

1612.5

+20%

Q3 2021

1665.8

+19%

Q4 2021

1724.3

+18%


*Data is updated regularly







Murabaha and Tawarruq agreements accounted for 89% of total Sharia-compliant finance contracts.
















Breakdown of Sharia-Compliant Finance Agreements – SAR bln

Period

Murabaha

Tawarruq

Finance Leasing

Mudaraba

Musharaka

Other

Total

Q1 2020

492.6

583.1

207.0

1.9

1.8

16.7

1299.8

Q2

513.6

599.3

217.4

1.5

1.5

16.3

1346.3

Q3

535.6

624.4

224.9

1.5

1.7

17.2

1402.0

Q4

562.9

643.0

231.3

1.6

1.8

21.3

1461.9

Q1 2021

609.8

655.6

252.1

1.7

1.9

21.0

1542.1

Q2

708.1

696.5

183.6

1.8

1.5

20.9

1612.5

Q3

748.6

703.4

184.3

1.8

1.4

26.3

1665.8

Q4

779.1

749.4

169.4

1.9

1.3

23.2

1724.3