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SAMA boosts transparency and Sharia governance in Saudi Islamic banking, eyes global standards

By Puja Sharma

July 10, 2024

  • Compliance
  • Financial Statements
  • Fintech news
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SAMA regulations enhancing Saudi Islamic banks’ transparency, Sharia governance There is still no centralised sharia board, which could further harmonise industry practices Islamic finance-specific rules issued by the Saudi Central Bank (SAMA) over 2020–1H24 are enhancing Islamic banking regulations to some extent, says Fitch Ratings, through better transparency and reporting requirements, standardisation and sharia governance, […]

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