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Saudi Islamic Finance reaches $757.5B in Q2
Islamic finance contracts in Saudi Arabia increased by the end of the second quarter of 2026 to $757.53 billion, marking a 7.35% rise compared to the previous year, with a quarterly growth of 2.1%. Murabaha financing accounted for 49.99% of this total, amounting to $378.7 billion, while Tawarruq financing grew by 9.9% to reach $300.47 billion. Ijarah (leasing) contracts rose by 14% to $66.32 billion. Additionally, Musharakah (joint venture) financing saw a significant increase of 70.57%, reaching $885.6 million, whereas Mudarabah (profit-sharing) financing declined by 51.1%.
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