The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s sukuk market report forecasts the sukuk market size to grow to $1,821.75 billion by 2027, with a CAGR (compound annual growth rate) of 17%.

Learn More On The Sukuk Market Report 2023 – https://www.thebusinessresearchcompany.com/report/sukuk-global-market-report

Sukuk Market Size Forecast
The global sukuk market size is expected to grow from $754.93 billion in 2022 to $973.25 billion in 2023 at a compound annual growth rate (CAGR) of 28.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global sukuk market size is expected to reach $1,821.75 billion in 2027 at a CAGR of 17.0%.

Saudi-Arabia held the largest sukuk market share in 2022.

Key Sukuk Market Driver ­– Rapid Urbanization In Middle Eastern Countries
For instance, in October 2021, according to the Middle East Institute, a US-based non-profit organization think tank, and cultural center, almost two-thirds of the population of the Middle East lives in cities, above the global total of just over half. Additionally, In July 2022, according to the Brookings Institution, a US-based research institute, in the developed world and middle-income nations in Latin America, Europe, the Middle East, and North Africa, urbanization rates hover at around 70%, and they are rising quickly at other developing economies. Therefore, the rapid urbanization in Middle Eastern countries is driving the growth of the sukuk market.

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Key Sukuk Market Trend – Strategic Partnerships
Strategic partnerships are a key trend gaining popularity in the Sukuk market. Many companies operating in the sukuk market are undergoing partnerships to strengthen their position in the market.

Sukuk Market Segment
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

Sukuk Market Major Players and Strategies
Major players in the sukuk market are Abu Dhabi Islamic Bank PJSC, Al Baraka Group B.S.C, Al Rajhi Bank, Banque Saudi Fransi, Dubai Islamic Bank, HSBC Holdings PLC., Kuwait Finance House, Malayan Banking Berhad, Qatar International Islamic Bank, RHB Islamic Bank, Samba Financial Group SJSC, Ajman Bank, Citi Islamic Investment Bank, Emirates NBD, Standard Chartered.

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.

The Sukuk Global Market Report 2023 covers regional data on sukuk market size, sukuk market trends and drivers, opportunities, strategies, and sukuk market competitor analysis. The countries covered in the sukuk market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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.

View More Reports Related To The Sukuk Market –

Financial Services Global Market Report 2023

Asset Servicing Global Market Report 2023

Asset Integrity Management Global Market Report 2023

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