Factors Affecting the Growth of the Sukuk Industry:

Growing Demand for Islamic Finance: 

The sukuk market is primarily driven by the increasing global demand for Islamic finance solutions. As ethical and interest-free investment alternatives, Sukuk appeals to a broad spectrum of investors, including those from both Muslim-majority and non-Muslim-majority countries. This rise in interest has led governments, corporations, and financial institutions worldwide to issue Sukuk to tap into this expanding market. With the rising awareness of Islamic finance principles and the quest for Sharia-compliant investments, the sukuk market continues to grow and diversify, offering a variety of opportunities for investors seeking ethical and profitable ventures.

Rising Infrastructure Development and Funding Needs: 

Sukuk's crucial role in financing infrastructure projects represents the primary factor driving the market growth. Many countries, especially in the Middle East and Asia, are investing heavily in infrastructure development. Sukuk provides an attractive funding source for these projects because they align with Islamic principles and attract a wide range of investors, including sovereign wealth funds and Islamic banks. As the need for infrastructure financing grows globally, Sukuk's compatibility with these projects ensures its continued prominence in the market. Governments and institutions leverage Sukuk to meet their infrastructure funding requirements, further propelling market growth.

Leading Companies Operating in the Sukuk Industry:

Abu Dhabi Islamic Bank PJSC

Al Baraka Banking Group

Al-Rajhi Bank

Banque Saudi Fransi

Dubai Islamic Bank

HSBC Holdings Plc

Kuwait Finance House

Malayan Banking Berhad

Qatar International Islamic Bank

RHB Bank Berhad

Samba Financial Group

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Sukuk Market Report Segmentation:

By Sukuk Type:

Murabahah Sukuk

Salam Sukuk

Istisna Sukuk

Ijarah Sukuk

Musharakah Sukuk

Mudarabah Sukuk

Hybrid Sukuk

Others

By Currency:

Turkish Lira

Indonesian Rupiah

Saudi Riyal

Kuwaiti Dinar

Malaysian Ringgit

United States Dollar

Others

By Issuer Type:

Sovereign

Corporate

Financial Institutions

Quasi-Sovereign

Others

Regional Insights:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa