Saudi leadership in Islamic finance set to continue into 2021: expert

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Sat, 2021-01-30 13:08

LONDON: Saudi leadership in the Islamic finance economy looks set to continue into 2021, according to a senior industry expert, who explained that the end of the GCC rift and growing emphasis on green finance both boost the Kingdom’s credentials.

“The region, and specifically I would say Saudi Arabia, is leading the Islamic finance market globally,” Fitch Ratings’ Global Head of Islamic Finance Bashar Al-Natoor told Arab News.

“Although Islamic finance is small globally, it is significant in the Middle East, and it is very significant in Saudi Arabia.”

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