![FILE- In this Sept. 22, 2019 file photo taken with a slow shutter speed, vehicles pass in front of the landmark Kingdom Tower, at left, during celebrations marking Saudi 89th National Day, in Riyadh, Saudi Arabia. The United States’ Gulf allies have pushed for hawkish policies by Washington to pressure, isolate and cripple Iran, but this high-stakes strategy is now being put to the test by the surprise U.S. killing of Iran’s most powerful military commander. As the region braces for what comes next, Saudi Arabia and the UAE are calling for de-escalation. (AP Photo/Amr Nabil, File)](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/TB2ISFFAARGBYEA6SKFVOQSFGY.jpg?smart=true&auth=27eeeeda1feee9c302c7c776894e81fdfcd28291bf716f7c39a114726a2e6ddf&width=400&height=225)
Saudi Arabia is expected to see the biggest rise in sovereign sukuk issuances from the GCC in 2020, Moody's says. AP
Saudi Arabia is expected to see the biggest rise in sovereign sukuk issuances from the GCC in 2020, Moody's says. AP
Growth of global Islamic finance industry to slow in 2020-21 due to pandemic, S&P says
The volume of sukuk issuance is expected to fall to $100bn this year, from $162bn in 2019