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.
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Sharia-Compliant Finance Agreements
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Period
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Value (SAR bln)
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YoY Change
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Q1 2020
|
1299.8
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+13%
|
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Q2 2020
|
1346.3
|
+15%
|
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Q3 2020
|
1402.0
|
+16%
|
|
Q4 2020
|
1461.9
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+17%
|
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Q1 2021
|
1542.1
|
+19%
|
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Q2 2021
|
1612.5
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+20%
|
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Q3 2021
|
1665.8
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+19%
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Q4 2021
|
1724.3
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+18%
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*Data is updated regularly
Murabaha and Tawarruq agreements accounted for 89% of total Sharia-compliant finance contracts.
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Breakdown of Sharia-Compliant Finance Agreements – SAR bln
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Period
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Murabaha
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Tawarruq
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Finance Leasing
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Mudaraba
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Musharaka
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Other
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Total
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Q1 2020
|
492.6
|
583.1
|
207.0
|
1.9
|
1.8
|
16.7
|
1299.8
|
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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
|
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Q4
|
562.9
|
643.0
|
231.3
|
1.6
|
1.8
|
21.3
|
1461.9
|
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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
|
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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
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1724.3
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