SAB Chainlink Partnership – the collaboration between Saudi Awwal Bank (SAB) and Chainlink, announced on September 17, 2025, builds on SAB’s pioneering August 2025 milestone of the world’s first blockchain-based Islamic repo transaction, signaling a rapid adoption of blockchain in Sharia-compliant finance.
Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Runtime Environment (CRE) enable SAB to manage over $100 billion in assets across multiple blockchains, aligning with Saudi Arabia’s Vision 2030 goal to diversify its economy, with blockchain market growth projected at $35.52 billion by 2033 per industry reports.
This SAB Chainlink Partnership challenges the narrative of blockchain as a niche technology, with SAB’s use of CCIP potentially setting a global standard for secure, interoperable onchain finance, supported by Chainlink’s proven fee generation of $474,000 in 2024 from CCIP usage.
