Saudi Arabia is the largest incubator of Islamic finance in the world in terms of assets, ranking first with a total of nearly SAR3 trillion ($800 billion) that represents 28% of the total global assets, confirmed Ziad al-Yousef, Deputy Governor for Development and Technology at the Saudi Central Bank (SAMA).
The Saudi Cabinet approving the financial technology strategy would support the sector locally and make the Kingdom a technical center in the ranks of developed countries, reaffirmed al-Yousef.
