Moody's: Islamic banks' retail finance focus helps weather pandemic

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Moody's Investors Service said this was amid an uneven economic recovery across these regions.

Moody's Investors Service said on Monday this was amid an uneven economic recovery across these regions.

However, strong demand for Islamic finance, which is growing faster than conventional banking, will partially offset these strains.“Their liquidity is also strong, reflecting deposit growth as customers cut spending amid economic uncertainty. Central banks in most countries have relaxed reserve requirements and continue to provide banks with liquidity support,” it said.

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