IslamicFinance.de

The tenth edition of Euromoney Saudi Arabia conference concluded on Wednesday with a firm belief that multisectoral reforms to diversify the Kingdom's economy an approach to look beyond the oil sector will add value to the local market with financial dynamism. Experts in the first session of the concluding day on sovereign bonds and sukuk referred to the intersection of ethical investment and Islamic finance in the wake of the Tadawul opening up to foreign investors for the first time. The panelists observed that in the context of the global financial crisis Islamic finance is seen as a significant option in international market which is good for the Kingdom that plays a leadership role.