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Saudi banking is least leveraged

Posted on 25 October 2011

Saudi Arabia is the largest economy and banking market in the Arab world, with almost 40 per cent of all deposits in interest free Shariah-compliant savings products and an embryonic, high growth mortgage, takaful (Islamic insurance), consumer credit and leasing industries.

Despite the $24 billion Al Gosaibi-Saad Group debt debacle, Saudi banking is the least leveraged in the GCC, with loans/deposit ratios rarely in excess of 80 per cent and a conservative, best in regional breed regulator in SAMA………………………………………Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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