AI Summary
Saudi Arabian banknotes
Shariah-compliant finance contracts in Saudi Arabia rose by 15% year-on-year (YoY) to SAR 2.58 trillion in Q1 2025, data from the Saudi Central Bank (SAMA) showed.
These agreements cover Murabaha, Tawarruq (securitization), finance leasing, Mudarabah and Musharaka, among others including credit cards and other Shariah-compliant financing instruments.
The table below indicates development in Shariah-compliant finance contracts in Saudi Arabia:
|
Shariah-Compliant Finance Contracts* |
||
|
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% |
|
Q1 2022 |
1790.9 |
+16% |
|
Q2 2022 |
1871.7 |
+16% |
|
Q3 2022 |
1942.4 |
+17% |
|
Q4 2022 |
1976.5 |
+15% |
|
Q1 2023 |
2032.0 |
+13% |
|
Q2 2023 |
2079.2 |
+11% |
|
Q3 2023 |
2145.9 |
+10% |
|
Q4 2023 |
2181.7 |
+10% |
|
Q1 2024 |
2245.1 |
+10% |
|
Q2 2024 |
2302.6 |
+11% |
|
Q3 2024 |
2387.7 |
+11% |
|
Q4 2024 |
2471.6 |
+13% |
|
Q1 2025 |
2586.4 |
+15% |
*Data is updated periodically.
Murabaha and Tawarruq agreements accounted for 90% of total Shariah-compliant financing, as follows:
|
Breakdown of Shariah-Compliant Financing (SAR bln)** |
|||||||
|
Period |
Murabaha |
Tawarruq |
Finance Lease |
Mudarabah |
Musharaka |
Others* |
Total |
|
Q1 2020 |
529.6 |
554.4 |
198.7 |
1.9 |
1.8 |
13.4 |
1299.8 |
|
Q2 |
554.6 |
566.9 |
208.7 |
1.5 |
1.5 |
13.1 |
1346.3 |
|
Q3 |
576.8 |
591.5 |
216.6 |
1.5 |
1.7 |
13.9 |
1402.0 |
|
Q4 |
609.2 |
600.9 |
227.1 |
1.6 |
1.8 |
21.3 |
1461.9 |
|
Q1 2021 |
658.6 |
616.9 |
241.9 |
1.7 |
1.9 |
21.0 |
1542.1 |
|
Q2 |
758.1 |
651.9 |
178.3 |
1.8 |
1.5 |
20.9 |
1612.5 |
|
Q3 |
796.2 |
660.9 |
179.2 |
1.8 |
1.4 |
26.3 |
1665.8 |
|
Q4 |
841.0 |
680.6 |
176.2 |
1.9 |
1.3 |
23.2 |
1724.3 |
|
Q1 2022 |
884.7 |
702.9 |
175.4 |
1.9 |
1.2 |
24.8 |
1790.9 |
|
Q2 |
928.1 |
735.2 |
175.5 |
2.0 |
1.1 |
29.8 |
1871.7 |
|
Q3 |
982.1 |
745.0 |
180.7 |
1.8 |
1.2 |
31.6 |
1942.4 |
|
Q4 |
1005.9 |
755.7 |
178.3 |
1.8 |
1.4 |
33.4 |
1976.5 |
|
Q1 2023 |
1031.5 |
779.8 |
184.9 |
1.7 |
1.4 |
32.7 |
2032.0 |
|
Q2 |
1049.6 |
804.6 |
189.0 |
1.7 |
1.6 |
32.9 |
2079.2 |
|
Q3 |
1082.3 |
830.0 |
195.8 |
1.5 |
1.7 |
34.5 |
2145.9 |
|
Q4 |
1097.1 |
846.7 |
198.1 |
1.7 |
1.9 |
36.3 |
2181.7 |
|
Q1 2024 |
1129.8 |
873.4 |
203.3 |
1.7 |
1.9 |
34.9 |
2245.1 |
|
Q2 |
1153.4 |
897.4 |
213.0 |
1.9 |
2.0 |
34.9 |
2302.6 |
|
Q3 |
1201.7 |
928.5 |
217.5 |
2.2 |
2.0 |
35.8 |
2387.7 |
|
Q4 |
1259.0 |
948.2 |
219.4 |
2.2 |
1.9 |
41.0 |
2471.6 |
|
Q1 2025 |
1323.1 |
1004.3 |
216.4 |
2.0 |
1.8 |
38.7 |
2586.4 |
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