Malaysia ranks first in Islamic finance development indicator 2021, says Refinitiv

Malaysia and Indonesia has retained the first and second place respectively in the Islamic Finance Development Indicator (IFDI) 2021 for the second year in a row, according to financial markets data provider Refinitiv.

In its ninth edition of the Islamic Finance Development Report 2021, it said the IFDI 2021 indicator score looks at key metrics that shaped the pandemic year of 2020 for 135 countries.

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