Islamic finance ‘key to Saudi Arabia’s economy’

Saudi Arabian Monetary Authority (SAMA).
Updated 28 May 2019

Islamic finance ‘key to Saudi Arabia’s economy’

  • The fourth session focused on the role of research and education institutes in raising awareness about the Islamic financial industry’s services

RIYADH: The Islamic finance industry’s role in stimulating the national economy was highlighted at a Riyadh workshop organized by the Saudi Arabian Monetary Authority (SAMA).
Turki Al-Mutairi, SAMA deputy governor for research and international affairs, inaugurated the workshop, held under the banner “The Islamic Financial Industry’s Role in Achieving National Aspirations.”
More than 30 participants took part in the second edition of the workshop, which focused on the essential role the Kingdom’s Islamic financial industry played in the financing of small and medium enterprises.
In four keynote sessions, the core topics discussed were the role of SAMA in the Islamic financial industry, its growth within the sector, and the importance of the Islamic financial industry in supporting the overall financial structure of Saudi Arabia.
Ahmad Asiri, a representative of SAMA’s Islamic financial division, presented the first session.

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More than 30 participants took part in the second edition of the workshop, which focused on the essential role of Saudi Islamic financial industry.

The second session, presented by Raja Al-Marzoqi, associate professor at the Diplomatic Studies Institute, discussed achieving goals through a sustainable developmental plan, while also strengthening the competitive role of the Islamic economy in achieving sustainability in accordance with the Kingdom’s Vision 2030 plan.
The third session sought to highlight the added value of the Islamic financial industry, and the necessity of its role in financing vital sectors that consist of small and medium enterprises.
The session was presented by Sami Al-Swailm, acting executive director of the Islamic Institute for Research and Training.
The fourth session, presented by Adnan Kaiari, head of the Islamic finance department at the Islamic Economy Institute, focused on the role of research and education institutes in raising awareness about the Islamic financial industry’s services.
Increasing financial awareness through programs that educate the public on the importance of mindful budgeting, building financial skills, as well as intelligent  spending was also discussed.


First pilgrims leave under Eyab initiative

Updated 18 August 2019

First pilgrims leave under Eyab initiative

  • Al-Amoudi toured the exhibition dedicated to welcome Eyab’s beneficiaries

Saudi Minister of Transport and Chairman of the General Authority of Civil Aviation (GACA), Dr. Nabeel Al-Amoudi, oversaw the departure of the first 

group of pilgrims under the Eyab initiative on Saturday together with GACA President Abdulhadi bin Ahmed Al-Mansouri.

Eyab seeks to improve services provided to pilgrims, with the authority aiming to enrich pilgrims’ experience at the Kingdom’s airports. It is expected to benefit 30,000 pilgrims during this year’s Hajj season.

Al-Amoudi toured the exhibition dedicated to welcome Eyab’s beneficiaries, inspected the services available and received a briefing from the initiative’s officials.

GACA started an experimental implementation of Eyab this year, aimed at pilgrims returning to Indonesia, India and Malaysia through Jeddah’s King Abdul Aziz International Airport and Madinah’s Prince Mohammed bin Abdul Aziz Airport.