The forerunner of Islamic banking is Ahmed Al-Najjar, an Egyptian financier. Thanks to the activities of Al-Najjar, Saudi Arabia is the center of Islamic banking.
According to Islamic traditions, a Muslim cannot use the money earned from the sale of alcohol. Life phenomena such as pornography and a business built on this cannot be a means of acquiring capital for a Muslim.
Islamic banking forbids usury, speculation. There is a ban on transactions with futures. For example, it is prohibited to sell crops that have not yet grown and not harvested.
The government of Saudi Arabia has decided that the large share of securities of profitable companies in the country should not be placed abroad, but invested in the country’s economy.
A similar approach and an increase in deposit payments brought results. The economy of the Kingdom, banking, small and medium-sized businesses are booming.
In 2014, 25% shares of the National Commercial Bank were placed on the Saudi Tadawul exchange. Currently, National Commercial Bank has representative offices in Beirut, Bahrain, Seoul, Kosovo, and London.
At the beginning of August 2019, National Commercial Bank’s shares were quoted at SAR 53.30. In American national currency, this amount corresponds to a little more than USD 14.0.
You can purchase shares of the National Commercial Bank or AlAhli Bank, and it is enough to register on the Tradeallcrypto platform. Then choose Trading with tradeallcrypto.top, National Commercial Bank’s tools.
|Citigroup||Stock Citigroup - course and charts||6||72.03|
|Manchester United||Stock Manchester United - course and charts||10||16.91|
|Exxon Mobil||Stock Exxon Mobil - course and charts||6||55.87|
|NIKE||Stock NIKE - course and charts||6||172.25|
|Santander group||Stock Santander group - course and charts||8||3.74|
|COCA-COLA||Stock COCA-COLA - course and charts||6||57.4|
|JPmorgan Chase and CO||Stock JPmorgan Chase and CO - course and charts||6||158.86|
|MICROSOFT||Stock MICROSOFT - course and charts||6||294.58|
|Chevron||Stock Chevron - course and charts||6||100.84|
|Banque Saudi Fransi||Stock Banque Saudi Fransi - course and charts||25||40.73|
|Stock Facebook - course and charts||6||366.51|
|Arab National Bank||Stock Arab National Bank - course and charts||15||22.89|
|BOEING||Stock BOEING - course and charts||10||228.97|
|Saudi British Bank||Stock Saudi British Bank - course and charts||10||33.53|
|General Electric||Stock General Electric - course and charts||6||103.27|
|FERRARI||Stock FERRARI - course and charts||10||225.65|
|Riyad Bank||Stock Riyad Bank - course and charts||8||27.28|
|AMAZON||Stock AMAZON - course and charts||24||3297.94|
|Goldman Sachs Group||Stock Goldman Sachs Group - course and charts||6||408.01|
|Deutsche Bank||Stock Deutsche Bank - course and charts||8||12.65|
|Saudi Electricity||Stock Saudi Electricity - course and charts||6||27.33|
|Saudi Investment Bank||Stock Saudi Investment Bank - course and charts||8||17.03|
|Tesla Motors||Stock Tesla Motors - course and charts||14||686.01|
|Intel||Stock Intel - course and charts||10||53.39|
|WalMart||Stock WalMart - course and charts||6||150.63|