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ISLAMIC FINANCE

Saudi insurer enlists SRB for Sharia-compliant growth
September 24, 2019

Saudi Arabia’s Al-Etihad Cooperative Insurance has enlisted Shariyah Review Bureau (SRB), which provides an array of Sharia services, to focus its resources on the rapidly-growing Sharia compliant insurance sector in the Kingdom.

'We continue to witness exceptional opportunities in all classes of insurance with new players across broadening business areas of the Kingdom’s geographical exposure,' said Hussam Abdul Aziz Al Kannas, chief"...

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Saudi Arabia’s Islamic finance market set to grow
September 18, 2019

DUBAI/JEDDAH — Saudi Arabia's Islamic finance market is set to grow with demand from corporate and retail clients, and supportive regulations, Moody’s Investors Service said in a report published Tuesday.

The kingdom had Islamic finance assets of $299 billion as of March, making it the world's biggest market, and leaving Malaysia a distant second with $134 billion. Moody's expects Islamic finance penetration in the kingdom to"...

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