The Saudi Research and Marketing Group (SRMG) is to publish the country’s first magazine on Islamic banking, which is one of the eight new Arabic magazines to be published by the group. The group is also to launch its political-affairs title, Al-Majalla, as an electronic magazine starting April 1. SRMG has appointed Abdulwahab Al-Faiz editor-in-chief of the Islamic banking magazine, which will be published by Al-Eqtisadiah business daily. Adel Al-Toraifi has been named editor-in-chief of Al-Majalla electronic magazine, which will be published from the Saudi Research and Publishing Company’s (SRPC) headquarters in London.
Prince Faisal bin Salman, chairman of SRMG, said the group would continue to focus on investments in publications such as daily newspapers as well as weekly and monthly magazines. It would also focus on investing in specialised magazines in the light of their growing demand. He said the Islamic banking magazine would be launched in May and emphasised the viability of the genre in the wake of the growing number of Islamic banks, rising global interest in the sector following the financial crisis, and expanding investments in the industry estimated at more than $1 trillion.