Interest and Banks in Saudi Arabia: A Dilemma

In: Arab Law Quarterly
Saleh Abdulrahman Alamer Imam Mohammad Ibn Saud Islamic University Hofuf Saudi Arabia

Search for other papers by Saleh Abdulrahman Alamer in
Current site
Google Scholar
Download Citation Get Permissions

Access options

Get access to the full article by using one of the access options below.

Institutional Login

Log in with Open Athens, Shibboleth, or your institutional credentials

Login via Institution


Buy instant access (PDF download and unlimited online access):



The banking system in Saudi Arabia faces legal issues with Sharīʿah compliance. Despite the fact that Islamic law is the main drive of the country’s legal system, Islamic banking is not well supported in the banking regulations and it may encounter legal obstacles in applying some Islamic financial mechanisms. On the other hand, conventional banking is not free of legal hurdles as it is challenged by the Islamic judiciary system in the country where interest-based loans are not enforced. These cases create a dilemma where the banking system in the country has to take a clearer legal position toward interest and Islamic banking.

Content Metrics

All Time Past Year Past 30 Days
Abstract Views 932 204 18
Full Text Views 54 19 3
PDF Views & Downloads 118 28 3