News Digest in Islamic Finance May 2020

UAE takes lead to set up unified legislative framework in Islamic finance

The UAE has launched an initiative to create a unified global legal and legislative framework for the Islamic finance sector that will enable the Islamic economy to expand its reach and implement greater standardisation within the sector.

Post-COVID-19 economic revival: Islamic finance can play a key role in GCC

Islamic finance social instruments could help countries navigate the economic turbulence wrought by the COVID-19 pandemic in core Islamic finance countries that include the GCC.

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