Islamic finance to continue rising in 2021: Moody's

Islamic banking, bonds and insurance are set to benefit from supportive government policies in many countries, as well as strong demand, despite the challenges posed by the coronavirus pandemic, Moody’s said in a new report.

"We expect Islamic finance to continue rising in 2021 and beyond, maintaining its now long-established growth trend. The industry generally remains underrepresented in countries with large Muslim populations, providing ample room to expand," said Ashraf Madani, Moody's vice president and senior analyst.

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