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Sukuk Global Market Report 2025
Global Sukuk Market Report 2025

Report Price : $4490.00

Pages : 200

Format : PDF

Published : January 2025

Delivery Time : 2-3 Business Days

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Sukuk Global Market Report 2025

By Sukuk Type (Murabahah Sukuk, Salam Sukuk, Istisna Sukuk, Ijarah Sukuk, Musharakah Sukuk, Mudarabah Sukuk, Hybrid Sukuk, Other Sukuk Types), By Currency (Turkish Lira, Indonesian Rupiah, Saudi Riyal, Kuwaiti Dinar, Malaysian Ringgit, United States Dollar, Other Currencies), By Issuer Type (Sovereign, Corporate, Financial Institutions, Quasi-Sovereign, Other Issuer Types) – Impact of Tariff and Trade War on Market Size, Growth, Trends, and Forecast 2025–2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Sukuk Market Overview

• Sukuk market size has reached to $1080.62 billion in 2024

• Expected to grow to $2549.44 billion in 2029 at a compound annual growth rate (CAGR) of 18.5%

• Growth Driver: Rapid Urbanization Fuels Growth Of Sukuk Market

• Market Trend: Sukuk Market Innovates With Sustainable Financial Instruments To Boost Ethical Investments

Saudi-Arabia was the largest region in 2024.

What Is Covered Under Sukuk Market?

An Islamic financial certificate is known as a sukuk, also known as an ''Islamic bond or sharia-compliant bond) denotes a percentage of ownership in a portfolio of permissible current or future assets. It is used to raise capital for a firm.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The main types of sukuk are murabahah sukuk, salam sukuk, istisna sukuk, ijarah sukuk, musharakah sukuk, mudarabah sukuk, hybrid sukuk, and others. Murabahah sukuk is referred to as a type of Islamic financing bond in which both the seller and the buyer agree on the asset's cost and markup and it is used to purchase an item and resell it at cost plus a profit. The major currencies used are the Turkish lira, Indonesian rupiah, Saudi riyal, Kuwaiti dinar, Malaysian ringgit, United States dollar, and others by various issuers such as sovereign, corporate, financial institutions, quasi-sovereign, and others.

Sukuk Global Market Report 2025 Market Size and growth rate 2025 to 2029: Graph

What Is The Sukuk Market Size 2025 And Growth Rate?

The sukuk market size has grown exponentially in recent years. It will grow from $1080.62 billion in 2024 to $1295.08 billion in 2025 at a compound annual growth rate (CAGR) of 19.8%. 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.

What Is The Sukuk Market Growth Forecast?

The sukuk market size is expected to see rapid growth in the next few years. It will grow to $2549.44 billion 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 forecast of 18.5% growth over the next five years reflects a slight reduction of 0.1% from the previous projection. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through reduced issuance of Islamic bonds, as Sharia-compliant structuring tools and profit distribution calculation systems, predominantly sourced from Malaysia and the United Arab Emirates, face higher implementation costs. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

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What’s The Trade War Impact On Financial Services Industry?

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.

How Is The Sukuk Market Segmented?

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

What Is Driving The Sukuk Market? Rapid Urbanization Fuels Growth Of Sukuk Market

The rapid urbanization in Middle Eastern countries is expected to propel the growth of the sukuk market going forward. Urbanization is the process of a nation's population gradually moving from rural to urban areas, with the proportion of urban residents growing faster than that of rural residents. The demand for infrastructure investment is created by urbanization, which subsequently spurs economic growth through a variety of avenues, such as lowering transaction costs and increasing productivity. In infrastructure development, sukuk is a popular and extremely effective way for governments to raise money locally and internationally through a sharia-compliant procedure without paying interest for the development of the country. For instance, in June 2024, according to Baker Institute, a US-based non-profit government organization, the population of Arab countries reached approximately 465 million. The urban population in the region is expected to rise from 279 million to about 362 million by 2035. This entails investing in education, infrastructure, and governance structures to foster an environment conducive to sustainable urban development. Therefore, the rapid urbanization in Middle Eastern countries is driving the growth of the sukuk industry.

What Is Driving The Sukuk Market? Increasing Demand For Islamic Finance Propels Growth Of Sukuk Market

Growing demand for Islamic finance is expected to propel the growth of the sukuk market going forward. Islamic finance refers to the management of money and financial activities in accordance with the moral practices and principles of the Islamic religion. Sukuk in Islamic finance helps with providing a Sharia-compliant financing option, promoting risk-sharing, facilitating infrastructure development, and offering opportunities for global growth and diversification of funding sources. For instance, in October 2022, according to S&P Global, a US-based capital market company, the global Islamic finance industry will expand 10%–12% in 2021–2022. The takaful sector is predicted to rise by 5%–10% as well, and as investors seek yield, the funds business may experience some growth. Therefore, growing demand for Islamic finance is driving the growth of the sukuk industry.

Who Are The Major Players In The Global Sukuk Market?

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

What Are The Key Trends Of The Global Sukuk Market? Sukuk Market Innovates With Sustainable Financial Instruments To Boost Ethical Investments

Major companies operating in the sukuk market are focusing on sustainable and innovative financial instruments, such as green and social sukuk, to attract a broader range of ethical investors while supporting projects aligned with environmental and social goals. A Sharia-compliant investment fund is a financial vehicle that adheres to Islamic law Sharia, which prohibits interest and invests in ethical ventures while avoiding businesses related to alcohol, gambling, and other activities considered forbidden. For instance, in September 2024, Al Baraka Capital, a Bahrain Bay-based Islamic financial services company, launched the first Sharia-compliant investment fund with USD 4.11million(EGP 200 million) in financing for 20 small businesses in the industrial sector in exchange for a share of the revenues. The fund utilizes Sukuk, which are Islamic financial certificates similar to bonds but compliant with Sharia law. Sukuk represent ownership in tangible assets or projects, allowing investors to earn returns without violating Islamic prohibitions against interest (riba)

What Are The Key Trends Of The Global Sukuk Market? Companies Launching Sukuk Etf For Innovative Market Exposure

Major companies operating in the Sukuk market are focused on introducing innovative solutions, such as the Sukuk ETF, to drive their revenues in the market. Sukuk ETFs are exchange-traded funds that track the performance of a sukuk index, providing investors with exposure to the sukuk market. For instance, in September 2023, HSBC Asset Management, a UK-based company that offers investment advisory and asset management, launched the HSBC Global Sukuk UCITS (Undertakings for Collective Investment in Transferable Securities) ETF (Exchange Traded Funds), Europe's first global sukuk ETF. The HSBC Global Sukuk UCITS ETF (HBKU) is listed on the London Stock Exchange with a total expense ratio (TER) of 0.70%. Tracked by HBKU, the FTSE IdealRatings Investment Grade index provides exposure to sukuk, sometimes known as Islamic bonds, globally. With HBKU, HSBC AM can now satisfy the increasing demand for Islamic passive products worldwide, whether those products are used as stand-alone investments or as components of larger multi-asset portfolios that adhere to Shariah.

Need data on a specific region in this market?

Sukuk Market Merger And Acquisition: AI Rajhi Bank Malaysia Forges Strategic Partnership With Nomura Asset Management For Islamic Innovation

In October 2022 AI Rajhi Bank Malaysia (ARBM), a Saudi Arabian bank partnered with Nomura Asset Management Malaysia for an undisclosed amount. With this partnership both banks aim to achieve to become Malaysia's top Islamic innovation bank, the bank offers syariah investments. Nomura Asset Management Malaysia Sdn Bhd is a Malaysia-based investor management firm.

Regional Analysis For The Global Sukuk Market

Saudi-Arabia was the largest region in the sukuk market in 2024. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Sukuk Market?

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.

How is Market Value Defined and Measured?

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.

What is the Market Assessment and Strategic Outlook for the Sukuk Industry?

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

Sukuk Market Report Forecast Analysis

Report AttributeDetails
Market Size Value In 2025 $1295.08 billion
Revenue Forecast In 2034 $2549.44 billion
Growth Rate CAGR of 18.5% from 2025 to 2034
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
Segments 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
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled 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
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Pricing And Purchase OptionsExplore Purchase Options

Table Of Contents

1. Executive Summary

2. Sukuk Market Characteristics

3. Sukuk Market Trends And Strategies

4. Sukuk Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

4.1. Supply Chain Impact from Tariff War & Trade Protectionism

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 Dashboard

33. Key Mergers And Acquisitions In The Sukuk Market

34. 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. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Table 3: Global Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 4: Global Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 5: Global Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 6: Global Sukuk Market, Sub-Segmentation Of Murabahah Sukuk, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 7: Global Sukuk Market, Sub-Segmentation Of Salam Sukuk, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 8: Global Sukuk Market, Sub-Segmentation Of Istisna Sukuk, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 9: Global Sukuk Market, Sub-Segmentation Of Ijarah Sukuk, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 10: Global Sukuk Market, Sub-Segmentation Of Musharakah Sukuk, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 11: Global Sukuk Market, Sub-Segmentation Of Mudarabah Sukuk, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 12: Global Sukuk Market, Sub-Segmentation Of Hybrid Sukuk, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 13: Global Sukuk Market, Sub-Segmentation Of Other Sukuk Types, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 14: Global Sukuk Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 15: Global Sukuk Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 16: Asia-Pacific, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 17: Asia-Pacific, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 18: Asia-Pacific, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 19: China, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 20: China, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 21: China, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 22: India, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 23: India, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 24: India, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 25: Japan, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 26: Japan, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 27: Japan, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 28: Australia, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 29: Australia, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 30: Australia, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 31: Indonesia, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 32: Indonesia, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 33: Indonesia, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 34: South Korea, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 35: South Korea, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 36: South Korea, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 37: Western Europe, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 38: Western Europe, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 39: Western Europe, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 40: UK, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 41: UK, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 42: UK, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 43: Germany, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 44: Germany, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 45: Germany, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 46: France, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 47: France, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 48: France, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 49: Italy, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 50: Italy, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 51: Italy, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 52: Spain, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 53: Spain, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 54: Spain, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 55: Eastern Europe, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 56: Eastern Europe, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 57: Eastern Europe, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 58: Russia, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 59: Russia, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 60: Russia, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 61: North America, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 62: North America, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 63: North America, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 64: USA, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 65: USA, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 66: USA, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 67: Canada, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 68: Canada, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 69: Canada, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 70: South America, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 71: South America, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 72: South America, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 73: Brazil, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 74: Brazil, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 75: Brazil, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 76: Middle East, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 77: Middle East, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 78: Middle East, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 79: Africa, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 80: Africa, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 81: Africa, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 82: Abu Dhabi Islamic Bank PJSC Financial Performance
  • Table 83: Al Baraka Group BSC Financial Performance
  • Table 84: Al Rajhi Bank Financial Performance
  • Table 85: Banque Saudi Fransi Financial Performance
  • Table 86: Dubai Islamic Bank Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Figure 3: Global Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 4: Global Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 5: Global Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 6: Global Sukuk Market, Sub-Segmentation Of Murabahah Sukuk, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 7: Global Sukuk Market, Sub-Segmentation Of Salam Sukuk, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 8: Global Sukuk Market, Sub-Segmentation Of Istisna Sukuk, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 9: Global Sukuk Market, Sub-Segmentation Of Ijarah Sukuk, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 10: Global Sukuk Market, Sub-Segmentation Of Musharakah Sukuk, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 11: Global Sukuk Market, Sub-Segmentation Of Mudarabah Sukuk, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 12: Global Sukuk Market, Sub-Segmentation Of Hybrid Sukuk, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 13: Global Sukuk Market, Sub-Segmentation Of Other Sukuk Types, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 14: Global Sukuk Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 15: Global Sukuk Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 16: Asia-Pacific, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 17: Asia-Pacific, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 18: Asia-Pacific, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 19: China, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 20: China, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 21: China, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 22: India, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 23: India, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 24: India, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 25: Japan, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 26: Japan, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 27: Japan, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 28: Australia, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 29: Australia, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 30: Australia, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 31: Indonesia, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 32: Indonesia, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 33: Indonesia, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 34: South Korea, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 35: South Korea, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 36: South Korea, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 37: Western Europe, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 38: Western Europe, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 39: Western Europe, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 40: UK, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 41: UK, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 42: UK, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 43: Germany, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 44: Germany, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 45: Germany, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 46: France, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 47: France, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 48: France, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 49: Italy, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 50: Italy, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 51: Italy, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 52: Spain, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 53: Spain, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 54: Spain, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 55: Eastern Europe, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 56: Eastern Europe, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 57: Eastern Europe, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 58: Russia, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 59: Russia, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 60: Russia, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 61: North America, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 62: North America, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 63: North America, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 64: USA, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 65: USA, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 66: USA, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 67: Canada, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 68: Canada, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 69: Canada, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 70: South America, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 71: South America, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 72: South America, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 73: Brazil, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 74: Brazil, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 75: Brazil, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 76: Middle East, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 77: Middle East, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 78: Middle East, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 79: Africa, Sukuk Market, Segmentation By Sukuk Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 80: Africa, Sukuk Market, Segmentation By Currency, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 81: Africa, Sukuk Market, Segmentation By Issuer Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 82: Abu Dhabi Islamic Bank PJSC Financial Performance
  • Figure 83: Al Baraka Group BSC Financial Performance
  • Figure 84: Al Rajhi Bank Financial Performance
  • Figure 85: Banque Saudi Fransi Financial Performance
  • Figure 86: Dubai Islamic Bank Financial Performance

Frequently Asked Questions

An Islamic financial certificate is known as a sukuk, also known as an ''Islamic bond or sharia-compliant bond) denotes a percentage of ownership in a portfolio of permissible current or future assets. It is used to raise capital for a firm. For further insights on this market, request a sample here

The market major growth driver - Rapid Urbanization Fuels Growth Of Sukuk Market. For further insights on this market, request a sample here

The sukuk market size has grown rapidly in recent years. It will grow from $1080.62 billion in 2024 to $1295.08 billion in 2025 at a compound annual growth rate (CAGR) of 19.8%. 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 $2549.44 billion 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. For further insights on this market, request a sample here

The sukukmarket covered in this report is segmented –
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 For further insights on this market,
request a sample here

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 For further insights on this market, request a sample here.

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 . For further insights on this market, request a sample here.

Major trends in this market include Sukuk Market Innovates With Sustainable Financial Instruments To Boost Ethical Investments. For further insights on this market, request a sample here.

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