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Saudi budget implies growing role for Islamic finance

Posted on 03 January 2012

At first glance there is no direct mention of the role of Islamic banking and finance in the Kingdom’s economy in the 2012 Saudi national budget announced last week in Riyadh.
But reading between the lines and judging by some of the initiatives launched by various agencies, banks and corporates in the Kingdom leading up to the budget announcement, it is clear that the Islamic finance industry is expected to contribute its fair share in crucial areas such as the financing of small-and-medium-sized enterprises (SMEs) primarily to generate employment especially for the youth……………………………………….Full Article: Source

 
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