2021 Q3 Report En · Page 6

 
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SAMA Received Best Central Bank Award for its 
Outstanding Efforts in Islamic Finance 
The Global Islamic Finance Awards (GIFA) awarded the 
Saudi Central Bank (SAMA) the Best Central Bank award 
for its 11th Annual Awards, held virtually on September 
14, 
2021, 
in 
recognition 
of 
SAMA's 
outstanding 
contributions to Islamic finance. 
In his statement, H.E. Fahad Abdullah Almubarak, 
governor of SAMA, expressed joy upon receiving the Best 
Central Bank award for 2021 by the GIFA Committee, 
which reflects SAMA's concerted efforts in the framework 
of the development of the Islamic financial sector in the 
Kingdom, which is compatible with the financial sector 
development program – one of the core Saudi Vision 2030 
programs aims at ensuring the development of advanced 
financial markets, as well as the establishment of a 
financial sector that serves as an engine and a catalyst 
for a national economy that is further diversified, based 
on private sector-led growth.  Almubarak also stressed 
that the Kingdom is determined to further improve the 
Islamic financial sector in the Kingdom, and that this 
award highlights the Kingdom's leading role in this sector 
at the global level. 
The Saudi Central Bank Organizes its 3rd Quarterly 
Workshop on Islamic Finance for 2021 Virtually 
Dr. Fahad A. Aldossari, deputy governor for Research and 
International Affairs at the Saudi Central Bank (SAMA) 
inaugurated the third quarterly workshop on Islamic 
Finance for 2021, held virtually on Thursday 9, September 
2021, under the title "The Role of Educational Programs 
in the Development of the Islamic Finance Sector in the 
Kingdom." A number of experts and interested persons in 
the Islamic finance industry participated in the workshop. 
This workshop is part of a series of quarterly workshops 
focused on Islamic finance, which aim at discussing 
number of topics related to Islamic finance industry. 
SAMA Organizes A Workshop Titled “Digitalization, 
Innovation and Fintech in the Financial Sector” With 
The Participation Of Financial Technology Stakeholders 
The Saudi Central Bank (SAMA) organized at its main 
headquarters in Riyadh, the first edition of a workshop 
titled "Digitalization, Innovation and Fintech in the 
Financial Sector", on Thursday 23 Safar 1443 H, 
corresponding to September 30, 2021 AD. 
The workshop saw the participation of close to 60 experts 
representing banks, insurance companies and financing 
companies operating in the Kingdom, as well as 
prominent and active financial technology companies, 
and financial technology experts and stakeholders. The 
workshop came as a part of series of workshops organized 
by the SAMA to promote competition and innovation, and 
reinforce the financial technologies sector, aiming to 
make the Kingdom one of the global pioneers in the field. 
Ultimately, this contributes to the financial development 
program's digitalization, entrepreneurial support Fintech 
development 
initiatives, 
in 
order 
to 
meet 
the 
expectations and goals of the Kingdom's Vision 2030. 
Saudi Central Bank Organized “Islamic Finance: Growth
Through Innovation“ Event 
Under the patronage of H.E. Fahad Almubarak, governor 
of the Saudi Central Bank, SAMA organized the "Islamic 
Finance: 
Growth 
Through 
Innovation"; 
event 
on 
September 26, 2021, in partnership with Refinitiv, a 
London Stock Exchange Group business. Since its 
inception, the Islamic Finance industry has grown rapidly 
at the global l