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Saudi Central Bank Organizes its Quarterly Islamic Finance Workshop
3/15/2022 12:30 PM

On March 7, 2022 AD, the Saudi Central Bank (SAMA) organized virtually its quarterly Islamic Finance workshop titled "the Role of Financial Inclusion in enhancing the Islamic Finance Industry both in Theory and Practice", which was attended by many of the industry's experts and stakeholders.


The event came as part of a series of quarterly workshops organized by SAMA to discuss various topics and subjects related to the Islamic Finance Industry, while going over efforts made by SAMA to enhancing Financial Inclusion within the Kingdom, and the role it plays in improving financial service accessibility, increasing economic growth in line with Saudi Vision 2030, facilitating individual and institutional access to licensed financial services and products and aiding their integration into the official financial system, strengthening consumers protection  and ultimately leading to more transparency and fairness between all parties involved in financial transactions.


The workshop was divided into two sessions, the first of which was titled "Financial Inclusion Prospects" and it discussed the definition and importance of financial inclusion and the role of banks and other financial institutions in advancing financial inclusion. The second session titled "the Impact of Islamic Financial Services on the Promotion of Financial Inclusion" discussed the relation between Islamic Finance and Financial Inclusion and the role of technology in enhancing Financial Inclusion.

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