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Sukuk Market Report 2025

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    Report

  • 200 Pages
  • February 2025
  • Region: Global
  • The Business Research Company
  • ID: 5792770
The sukuk market size has grown exponentially in recent years. It will grow from $1.08 trillion in 2024 to $1.29 trillion in 2025 at a compound annual growth rate (CAGR) of 20%. The growth in the historic period can be attributed to islamic finance growth, diversification of funding sources, infrastructure development, government initiatives, global sukuk issuance, increased cross-border transactions.

The sukuk market size is expected to see rapid growth in the next few years. It will grow to $2.55 trillion in 2029 at a compound annual growth rate (CAGR) of 18.5%. The growth in the forecast period can be attributed to global economic recovery, belt and road initiative, sustainable and green sukuk, islamic fintech growth, diversity of sukuk structures, wealth management demand. Major trends in the forecast period include innovation in sukuk structures, digitalization of sukuk issuance, enhanced regulatory frameworks, partnerships and cross-border collaboration, private sector participation.

The swift urbanization occurring in Middle Eastern countries is anticipated to drive the growth of the sukuk market in the future. Urbanization refers to the gradual shift of a nation's population from rural to urban areas, leading to a faster increase in the proportion of urban residents compared to rural residents. This urbanization generates a demand for infrastructure investment, which in turn fuels economic growth through various means, including reducing transaction costs and enhancing productivity. In the realm of infrastructure development, sukuk serves as a popular and highly effective method for governments to raise funds both locally and internationally through a sharia-compliant process that avoids interest payments for national development. For example, in June 2024, the Baker Institute, a U.S.-based non-profit government organization, reported that the population of Arab countries reached around 465 million. The region's urban population is projected to grow from 279 million to approximately 362 million by 2035. This growth necessitates investments in education, infrastructure, and governance frameworks to create an environment favorable for sustainable urban development. Thus, the rapid urbanization in Middle Eastern countries is propelling the growth of the sukuk market.

The sukuk market is expected to experience growth fueled by the increasing demand for Islamic finance. Islamic finance involves managing money and financial activities in adherence to the moral principles and practices of the Islamic religion. Sukuk, as a component of Islamic finance, offers a Sharia-compliant financing option, promotes risk-sharing, facilitates infrastructure development, and provides opportunities for global growth and diversification of funding sources. According to S&P Global in October 2022, the global Islamic finance industry is projected to expand by 10%-12% in 2021-2022. Additionally, the takaful sector is expected to see a rise of 5%-10%, and there may be some growth in the funds business as investors seek yield. This growing demand for Islamic finance plays a pivotal role in driving the growth of the sukuk market.

Leading companies in the sukuk market are concentrating on sustainable and innovative financial instruments, such as green and social sukuk, to engage a wider array of ethical investors while supporting initiatives that align with environmental and social objectives. A Sharia-compliant investment fund is a financial instrument that follows Islamic law, which prohibits interest and invests in ethical enterprises while avoiding sectors related to alcohol, gambling, and other forbidden activities. For example, in September 2024, Al Baraka Capital, an Islamic financial services company based in Bahrain Bay, introduced the first Sharia-compliant investment fund with USD 4.11 million (EGP 200 million) in financing for 20 small businesses in the industrial sector in exchange for a share of the revenues. This fund employs Sukuk, which are Islamic financial certificates akin to bonds but compliant with Sharia law. Sukuk signify ownership in tangible assets or projects, enabling investors to earn returns without contravening Islamic prohibitions against interest (riba).

Innovation in financial instruments is a key focus for major companies in the Sukuk market, with the introduction of innovative solutions such as Sukuk ETFs to enhance their market presence. Sukuk ETFs are exchange-traded funds that track the performance of a sukuk index, offering investors exposure to the sukuk market. In September 2023, HSBC Asset Management launched the HSBC Global Sukuk UCITS ETF, Europe's first global sukuk ETF. This ETF, listed on the London Stock Exchange, tracks the FTSE IdealRatings Investment Grade index, providing global exposure to sukuk or Islamic bonds. With a total expense ratio (TER) of 0.70%, HSBC aims to meet the growing demand for Islamic passive products worldwide, catering to both standalone investments and components of larger multi-asset portfolios adhering to Shariah principles.

In October 2022, AI Rajhi Bank Malaysia (ARBM), a Saudi Arabian bank, forged a partnership with Nomura Asset Management Malaysia for an undisclosed amount. This collaboration is geared towards achieving the status of Malaysia's leading Islamic innovation bank, offering Shariah-compliant investments. Nomura Asset Management Malaysia Sdn Bhd, a Malaysia-based investment management firm, contributes to this strategic alliance, emphasizing the evolving landscape of Islamic finance.

Major companies operating in the sukuk market include Abu Dhabi Islamic Bank PJSC, Al Baraka Group BSC, Al Rajhi Bank, Banque Saudi Fransi, Dubai Islamic Bank, Hongkong and Shanghai Banking Corporation, Kuwait Finance House, Malayan Banking Berhad, Qatar International Islamic Bank, Ajman Bank, Citi Islamic Investment Bank, Emirates NBD Bank PJSC, Standard Chartered plc, Qatar Islamic Bank, First Abu Dhabi Bank, Gulf International Bank, Islamic Development Bank, Kuwait International Bank, Mashreq Bank, Oman Arab Bank, Sharjah Islamic Bank, Alinma Bank, Bank AlJazira, Bank Islam Brunei Darussalam, Bank Muamalat Malaysia Berhad, Bank Negara Indonesia, Bank of London and The Middle East, Dubai Financial Market, Islamic Financial Services Board, Nasdaq Dubai, London Stock Exchange.

Saudi-Arabia was the largest region in the sukuk market in 2024. The regions covered in the sukuk market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the sukuk market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An Islamic financial instrument known as a sukuk, or commonly referred to as an 'Islamic bond' or 'sharia-compliant bond,' represents an ownership stake in a permissible portfolio of existing or future assets. Its primary purpose is to generate capital for a business entity.

Various types of sukuk exist, including murabahah sukuk, salam sukuk, istisna sukuk, ijarah sukuk, musharakah sukuk, mudarabah sukuk, hybrid sukuk, among others. For instance, murabahah sukuk is a form of Islamic financing wherein the buyer and seller agree on the cost and markup of an asset, enabling the purchase and resale of an item at a mutually agreed-upon price inclusive of profit. These sukuk are transacted in major currencies such as the Turkish lira, Indonesian rupiah, Saudi riyal, Kuwaiti dinar, Malaysian ringgit, United States dollar, and others. They are issued by various entities, including sovereign bodies, corporations, financial institutions, quasi-sovereign organizations, and others in the financial landscape.

The sukuk market research report is one of a series of new reports that provides sukuk market statistics, including the sukuk industry global market size, regional shares, competitors with a sukuk market share, detailed sukuk market segments, market trends and opportunities, and any further data you may need to thrive in the sukuk industry. This sukuk market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The sukuk market consists of sales of true certificates, alternative civil law structures, investors’ credit exposure, and asset-backed. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.

Table of Contents

1. Executive Summary2. Sukuk Market Characteristics3. Sukuk Market Trends and Strategies4. Sukuk Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market
5. Global Sukuk Growth Analysis and Strategic Analysis Framework
5.1. Global Sukuk PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis of End Use Industries
5.3. Global Sukuk Market Growth Rate Analysis
5.4. Global Sukuk Historic Market Size and Growth, 2019-2024, Value ($ Billion)
5.5. Global Sukuk Forecast Market Size and Growth, 2024-2029, 2034F, Value ($ Billion)
5.6. Global Sukuk Total Addressable Market (TAM)
6. Sukuk Market Segmentation
6.1. Global Sukuk Market, Segmentation by Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Murabahah Sukuk
  • Salam Sukuk
  • Istisna Sukuk
  • Ijarah Sukuk
  • Musharakah Sukuk
  • Mudarabah Sukuk
  • Hybrid Sukuk
  • Other Sukuk Types
6.2. Global Sukuk Market, Segmentation by Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Turkish Lira
  • Indonesian Rupiah
  • Saudi Riyal
  • Kuwaiti Dinar
  • Malaysian Ringgit
  • United States Dollar
  • Other Currencies
6.3. Global Sukuk Market, Segmentation by Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Sovereign
  • Corporate
  • Financial Institutions
  • Quasi-Sovereign
  • Other Issuer Types
6.4. Global Sukuk Market, Sub-Segmentation of Murabahah Sukuk, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Commodity Murabahah Sukuk
  • Asset-Backed Murabahah Sukuk
6.5. Global Sukuk Market, Sub-Segmentation of Salam Sukuk, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Agricultural Salam Sukuk
  • Industrial Salam Sukuk
6.6. Global Sukuk Market, Sub-Segmentation of Istisna Sukuk, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Operating Ijarah Sukuk
  • Finance Ijarah Sukuk
6.7. Global Sukuk Market, Sub-Segmentation of Ijarah Sukuk, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Operating Ijarah Sukuk
  • Finance Ijarah Sukuk
6.8. Global Sukuk Market, Sub-Segmentation of Musharakah Sukuk, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Equity-Based Musharakah Sukuk
  • Project-Based Musharakah Sukuk
6.9. Global Sukuk Market, Sub-Segmentation of Mudarabah Sukuk, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Investment Mudarabah Sukuk
  • Short-Term Mudarabah Sukuk
6.10. Global Sukuk Market, Sub-Segmentation of Hybrid Sukuk, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Mixed Structure Sukuk
  • Multi-Tiered Sukuk
6.11. Global Sukuk Market, Sub-Segmentation of Other Sukuk Types, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Green Sukuk
  • Social Sukuk
  • Sukuk Al-Waqf
7. Sukuk Market Regional and Country Analysis
7.1. Global Sukuk Market, Split by Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Sukuk Market, Split by Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8. Asia-Pacific Sukuk Market
8.1. Asia-Pacific Sukuk Market Overview
  • Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Sukuk Market, Segmentation by Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Sukuk Market, Segmentation by Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Sukuk Market, Segmentation by Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
9. China Sukuk Market
9.1. China Sukuk Market Overview
9.2. China Sukuk Market, Segmentation by Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Sukuk Market, Segmentation by Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Sukuk Market, Segmentation by Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
10. India Sukuk Market
10.1. India Sukuk Market, Segmentation by Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Sukuk Market, Segmentation by Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Sukuk Market, Segmentation by Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11. Japan Sukuk Market
11.1. Japan Sukuk Market Overview
11.2. Japan Sukuk Market, Segmentation by Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Sukuk Market, Segmentation by Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Sukuk Market, Segmentation by Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12. Australia Sukuk Market
12.1. Australia Sukuk Market, Segmentation by Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Sukuk Market, Segmentation by Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Sukuk Market, Segmentation by Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13. Indonesia Sukuk Market
13.1. Indonesia Sukuk Market, Segmentation by Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Sukuk Market, Segmentation by Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Sukuk Market, Segmentation by Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14. South Korea Sukuk Market
14.1. South Korea Sukuk Market Overview
14.2. South Korea Sukuk Market, Segmentation by Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Sukuk Market, Segmentation by Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Sukuk Market, Segmentation by Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15. Western Europe Sukuk Market
15.1. Western Europe Sukuk Market Overview
15.2. Western Europe Sukuk Market, Segmentation by Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Sukuk Market, Segmentation by Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Sukuk Market, Segmentation by Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16. UK Sukuk Market
16.1. UK Sukuk Market, Segmentation by Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Sukuk Market, Segmentation by Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Sukuk Market, Segmentation by Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17. Germany Sukuk Market
17.1. Germany Sukuk Market, Segmentation by Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Sukuk Market, Segmentation by Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Sukuk Market, Segmentation by Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18. France Sukuk Market
18.1. France Sukuk Market, Segmentation by Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Sukuk Market, Segmentation by Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Sukuk Market, Segmentation by Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19. Italy Sukuk Market
19.1. Italy Sukuk Market, Segmentation by Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Sukuk Market, Segmentation by Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Sukuk Market, Segmentation by Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20. Spain Sukuk Market
20.1. Spain Sukuk Market, Segmentation by Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Sukuk Market, Segmentation by Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Sukuk Market, Segmentation by Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21. Eastern Europe Sukuk Market
21.1. Eastern Europe Sukuk Market Overview
21.2. Eastern Europe Sukuk Market, Segmentation by Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Sukuk Market, Segmentation by Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Sukuk Market, Segmentation by Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22. Russia Sukuk Market
22.1. Russia Sukuk Market, Segmentation by Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Sukuk Market, Segmentation by Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Sukuk Market, Segmentation by Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23. North America Sukuk Market
23.1. North America Sukuk Market Overview
23.2. North America Sukuk Market, Segmentation by Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Sukuk Market, Segmentation by Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Sukuk Market, Segmentation by Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24. USA Sukuk Market
24.1. USA Sukuk Market Overview
24.2. USA Sukuk Market, Segmentation by Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Sukuk Market, Segmentation by Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Sukuk Market, Segmentation by Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25. Canada Sukuk Market
25.1. Canada Sukuk Market Overview
25.2. Canada Sukuk Market, Segmentation by Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Sukuk Market, Segmentation by Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Sukuk Market, Segmentation by Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26. South America Sukuk Market
26.1. South America Sukuk Market Overview
26.2. South America Sukuk Market, Segmentation by Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Sukuk Market, Segmentation by Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Sukuk Market, Segmentation by Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27. Brazil Sukuk Market
27.1. Brazil Sukuk Market, Segmentation by Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Sukuk Market, Segmentation by Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Sukuk Market, Segmentation by Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28. Middle East Sukuk Market
28.1. Middle East Sukuk Market Overview
28.2. Middle East Sukuk Market, Segmentation by Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Sukuk Market, Segmentation by Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Sukuk Market, Segmentation by Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29. Africa Sukuk Market
29.1. Africa Sukuk Market Overview
29.2. Africa Sukuk Market, Segmentation by Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Sukuk Market, Segmentation by Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Sukuk Market, Segmentation by Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
30. Sukuk Market Competitive Landscape and Company Profiles
30.1. Sukuk Market Competitive Landscape
30.2. Sukuk Market Company Profiles
30.2.1. Abu Dhabi Islamic Bank PJSC Overview, Products and Services, Strategy and Financial Analysis
30.2.2. Al Baraka Group BSC Overview, Products and Services, Strategy and Financial Analysis
30.2.3. Al Rajhi Bank Overview, Products and Services, Strategy and Financial Analysis
30.2.4. Banque Saudi Fransi Overview, Products and Services, Strategy and Financial Analysis
30.2.5. Dubai Islamic Bank Overview, Products and Services, Strategy and Financial Analysis
31. Sukuk Market Other Major and Innovative Companies
31.1. Hongkong and Shanghai Banking Corporation
31.2. Kuwait Finance House
31.3. Malayan Banking Berhad
31.4. Qatar International Islamic Bank
31.5. Ajman Bank
31.6. Citi Islamic Investment Bank
31.7. Emirates NBD Bank PJSC
31.8. Standard Chartered plc
31.9. Qatar Islamic Bank
31.10. First Abu Dhabi Bank
31.11. Gulf International Bank
31.12. Islamic Development Bank
31.13. Kuwait International Bank
31.14. Mashreq Bank
31.15. Oman Arab Bank
32. Global Sukuk Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Sukuk Market34. Recent Developments in the Sukuk Market
35. Sukuk Market High Potential Countries, Segments and Strategies
35.1 Sukuk Market in 2029 - Countries Offering Most New Opportunities
35.2 Sukuk Market in 2029 - Segments Offering Most New Opportunities
35.3 Sukuk Market in 2029 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Sukuk Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on sukuk market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
  • Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Description

Where is the largest and fastest growing market for sukuk ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The sukuk market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • the market characteristics section of the report defines and explains the market.
  • the market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • the forecasts are made after considering the major factors currently impacting the market. These include:
  • the forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
  • Market segmentations break down the market into sub markets.
  • the regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • the competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • the trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) by Sukuk Type: Murabahah Sukuk; Salam Sukuk; Istisna Sukuk; Ijarah Sukuk; Musharakah Sukuk; Mudarabah Sukuk; Hybrid Sukuk; Other Sukuk Types
2) by Currency: Turkish Lira; Indonesian Rupiah; Saudi Riyal; Kuwaiti Dinar; Malaysian Ringgit; United States Dollar; Other Currencies
3) by Issuer Type: Sovereign; Corporate; Financial Institutions; Quasi-Sovereign; Other Issuer Types

Subsegments:

1) by Murabahah Sukuk: Commodity Murabahah Sukuk; Asset-Backed Murabahah Sukuk
2) by Salam Sukuk: Agricultural Salam Sukuk; Industrial Salam Sukuk
3) by Istisna Sukuk: Construction Istisna Sukuk; Manufacturing Istisna Sukuk
4) by Ijarah Sukuk: Operating Ijarah Sukuk; Finance Ijarah Sukuk
5) by Musharakah Sukuk: Equity-Based Musharakah Sukuk; Project-Based Musharakah Sukuk
6) by Mudarabah Sukuk: Investment Mudarabah Sukuk; Short-Term Mudarabah Sukuk
7) by Hybrid Sukuk: Mixed Structure Sukuk; Multi-Tiered Sukuk
8) by Other Sukuk Types: Green Sukuk; Social Sukuk; Sukuk Al-Waqf

Key Companies Mentioned: Abu Dhabi Islamic Bank PJSC; Al Baraka Group BSC; Al Rajhi Bank; Banque Saudi Fransi; Dubai Islamic Bank

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

Some of the major companies featured in this Sukuk market report include:
  • Abu Dhabi Islamic Bank PJSC
  • Al Baraka Group BSC
  • Al Rajhi Bank
  • Banque Saudi Fransi
  • Dubai Islamic Bank
  • Hongkong and Shanghai Banking Corporation
  • Kuwait Finance House
  • Malayan Banking Berhad
  • Qatar International Islamic Bank
  • Ajman Bank
  • Citi Islamic Investment Bank
  • Emirates NBD Bank PJSC
  • Standard Chartered plc
  • Qatar Islamic Bank
  • First Abu Dhabi Bank
  • Gulf International Bank
  • Islamic Development Bank
  • Kuwait International Bank
  • Mashreq Bank
  • Oman Arab Bank
  • Sharjah Islamic Bank
  • Alinma Bank
  • Bank AlJazira
  • Bank Islam Brunei Darussalam
  • Bank Muamalat Malaysia Berhad
  • Bank Negara Indonesia
  • Bank of London and The Middle East
  • Dubai Financial Market
  • Islamic Financial Services Board
  • Nasdaq Dubai
  • London Stock Exchange

Table Information