Saudi Central Bank Participates in AIFC 2021 in Indonesia

Jakarta, Deputy Governor of the Saudi Central Bank for Research and International Affairs, Dr. Fahd bin Abdullah Al-Dossari has participated in the Annual Islamic Finance Conference (AIFC) 2021, which was organized under the title "Islamic Finance in the Post-Covid World" in Indonesia.

In a speech during the occasion, Dr. Al-Dosari referred to the most prominent efforts of the Saudi Central Bank to mitigate the economic impacts of the coronavirus pandemic on the financial sector, saying that the Islamic banking sector in the Kingdom of Saudi Arabia occupies the first place in the world in terms of size, with assets amounting to 2.23 trillion riyals ( USD$594 billion).

It is worth mentioning that the Saudi Central Bank will host the activities of the 15th Summit of the Islamic Financial Services Board, to be held from 9 to 11 Nov, 2021 in the Saudi city of Jeddah, under the slogan "Islamic Finance and Digital Transformation: Balancing Innovation and Flexibility".

Source: Saudi Press Agency