Is Islam went through cycle of progress and fall

Ibn Khaldun (d.1406) argues that history is a series of cycles, in that each civilisation goes through a period of growth to greatness followed by a period of corruption and decay, only to be replaced by another that goes through the same experience, and so on. Would this be a fair assessment of the period of history of the Muslim World from ( Mongols – Now)? Be sure chicago style citation