AI Summary
Saudi Arabian banknotes
Shariah-compliant finance contracts in Saudi Arabia rose by 13% year-on-year (YoY) to SAR 2.71 trillion in Q3 2025, according to data from the Saudi Central Bank (SAMA).
Quarter on quarter (QoQ), Islamic finance contracts increased by 2%, or SAR 63.2 billion.
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% |
|
Q2 2025 |
2646.1 |
+15% |
|
Q3 2025 |
2709.3 |
+13% |
*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 |
|
Q2 2025 |
1359.2 |
1025.1 |
218.1 |
1.9 |
2.0 |
39.7 |
2646.1 |
|
Q3 2025 |
1373.9 |
1058.0 |
229.8 |
2.3 |
2.0 |
43.3 |
2709.3 |
*Includes credit cards and other Shariah-compliant financing instruments.
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