In time, the need to buffer the immediate impact of the pandemic will be replaced by the need for investment and reform to support a sustainable recovery. As the national support measures are phased out, a well-planned and coordinated approach will be necessary if we want to avoid cliff effects.
Since the global financial crisis, the islamic finance institution has grown at double digit rates, outpacing growth of the conventional sector. Based on Islamic Financial Services Industry Stability Report 2016, the global Islamic financial services industry has reached an overall total value of USD1.88 trillion in 2015. 5.