3/ During 2020, Islamic financial institutions spent most of
the year suffering from the two shocks: the pandemic and
historically low oil prices. Explain with evidence how
Islamic banking financing in GCC has continued to
outperform the conventional banking during this period.
(Use Central bank statistics and other resources to compare
the banks' assets growth rate between 2019-2020) (600
words front size 12). 3 Marks
4/ How have Governments of major Islamic finance
markets, in particular OIC nations have taken initiatives
aimed at performing Islamic finance, such as
innovative laws, developing new practices areas in
governance and regulatory framework? (600 words
