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Redmoney Consulting

Islamic asset managers show resilience to coronavirus pressures

Coronavirus-related economic and market upheavals have strained Islamic asset managers’ revenue and cash flow, but the sector has remained relatively resilient thanks to persistently strong demand for Shariah compliant investments. Growth in Islamic assets under management (AUM) will slow in 2020-2021 as key Islamic economies perform more weakly. However, we still expect the growth rate to exceed the growth rate for global asset management industry

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