Saudi Islamic finance hits $757.5B in Q2 2026

The value of Islamic financing contracts in Saudi Arabia increased by 7.35% during the first half of 2026, reaching $757.53 billion by the end of the second quarter, compared to $705.63 billion in the same period of 2025. This growth was driven by the strengthening of Murabaha and Tawarruq financing, which accounted for approximately 90% of the total funding, while Musharakah financing grew by 70.57%. Additionally, the Islamic finance sectors experienced a significant increase in both volume and diversity, reflecting its ongoing growth in the Saudi market.

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