Latest articles from Saudi Arabia

Where does asset management fit in the Islamic finance picture?

November 1, 2013

The growth that has characterised the rise of the Islamic finance industry has thus far evaded the asset management segment of the market, with a dearth of institutions focused on the creation of sharia-compliant investment products. John A Sandwick of Islamic Wealth & Asset Management assesses the situation.

Brownfield investment: the Rabigh power plant (pictured) is one example of a project that was funded entirely by Islamic money

Islamic project financing: a health check

November 1, 2013

Three senior figures from the Islamic finance industry discuss how sharia-compliant project finance has fared in 2013 after a stellar decade, and look at its prospects – with a particular focus on sukuk – for 2014 and beyond.

The Islamic liquidity management quest

November 1, 2013

While IILM's debut issuance of a $490m sukuk in August was a significant milestone for Islamic finance, it will barely dent the industry’s short-term liquidity management issues, which are hampering growth.

Arab banks show clean bill of health

Top 100 Arab banks ranking, 2013: Clean bill of health

October 1, 2013

The Arab world has captured the wrong kind of attention in recent years as the Arab Spring uprisings and their aftermath have dominated global headlines. However, The Banker's Top 100 Arab Banks rankings show a banking industry that is well capitalised and well run.

Middle East banks continue to take small steps forward

July 1, 2013

Slow but steady growth seems to be the order of the day for banks in the Middle East, with most countries in the region having something to cheer.

Saudi Arabia digs deep with infrastructure spending

May 1, 2013

Over the past few years, Saudi Arabia has been putting its vast oil wealth to work, upgrading its limited infrastructure in a bid to cater to the rising demand for office space, housing, schools and healthcare.

Saudi Arabia puts its capital to work

May 1, 2013

One of the few countries to remain largely unaffected by the global financial downturn, Saudi Arabia's economy is growing at a pace and, despite its expansionary fiscal policy, it continues to post a budgetary surplus. It has now started to put this capital to work in tackling pressing social issues, such as its high unemployment rate and housing shortage.

An enviable position

Saudi's banks enjoy an enviable position

May 1, 2013

Government spending has kept the Saudi Arabian economy buoyant over the past few years, allowing the country's banks to maintain a healthy profit level in 2012. And their prosperity is showing no signs of waning, with an ambitious home ownership target spurring growth in the mortgage market and momentum building in the small and medium-sized enterprise space.

Saudi Arabia's investment banking industry picks up the pace

May 1, 2013

Saudi Arabia's investment banking industry is gaining momentum, thanks in large part to a region-wide uptick in bond issuance, in mergers and acquisitions and growing demand for project finance. But the evolution of this sector is far from over, as the country's bankers turn their minds to deepening the markets and encouraging the liberalisation of the stock exchange.

Islamic finance in 2013

Islamic finance in 2013: beyond the growth

March 1, 2013

Year upon year, the Islamic finance industry posts stellar growth figures. However, as large Western lenders withdraw from the sector, is Islamic finance in as healthy a shape as the figures suggest? The Banker asks a number of experts in the field what the future holds for sharia-compliant banking.

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