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Islamic Finance Outlook 2021 Edition

S&P Global Ratings believes that global Islamic finance industry growth will slow significantly in 2020-2021 after strong performance in 2019 underpinned by a more dynamic sukuk market. This is due to the significant slowdown in core Islamic finance economies in 2020, amid measures implemented by various governments to contain the COVID-19 pandemic, and the expected mild recovery in 2021.

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