Global Sukuk Market
Financial Services

Understand How The Sukuk Market Is Set To Grow In Through 2024-2033

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033


Introduction: A Flourishing Market

  • Recent growth: Rapid expansion observed in the sukuk market.
  • Forecasted growth: Expected to reach $1084.8 billion in 2024, with a CAGR of 19.9%.
  • Factors driving growth: Islamic finance, infrastructure development, government initiatives, global sukuk issuance.


Anticipated Growth and Emerging Trends

  • Forecasted growth: Expected to reach $2160.55 billion in 2028, with a CAGR of 18.8%.
  • Factors driving growth: Global economic recovery, Belt and Road Initiative, sustainable sukuk, Islamic fintech, diversity of structures.
  • Major trends: Innovation in structures, digitalization, regulatory enhancements, partnerships, private sector participation.


Rapid Urbanization Fuels Market Growth

  • Influence of rapid urbanization: Driving market expansion.
  • Example: Middle Eastern countries witnessing rapid urbanization.
  • Impact on market: Increased demand for infrastructure investment and sukuk issuance.


Read The Full Sukuk Market Report Here:


Ai Rajhi Bank Malaysia Forges Strategic Partnership With Nomura Asset Management

  • Partnership details: AI Rajhi Bank Malaysia partners with Nomura Asset Management for Islamic innovation.
  • Objective: Aim to become Malaysia’s top Islamic innovation bank.
  • Significance: Offering Shariah-compliant investment solutions.


Market Segmentation

  • By Sukuk Type: Murabahah, Salam, Istisna, Ijarah, Musharakah, Mudarabah, Hybrid, Other types.
  • By Currency: Turkish Lira, Indonesian Rupiah, Saudi Riyal, Kuwaiti Dinar, Malaysian Ringgit, US Dollar, Other currencies.
  • By Issuer Type: Sovereign, Corporate, Financial Institutions, Quasi-Sovereign, Other issuers.


Regional Insights

  • Saudi Arabia: Largest region in the sukuk market in 2023.


Conclusion: Paving the Way Forward
The sukuk market is experiencing rapid growth fueled by factors such as urbanization, government initiatives, and the increasing adoption of Islamic finance principles. As countries invest in infrastructure development and seek diverse funding sources, the demand for sukuk continues to rise. Market players are innovating in structures and forging strategic partnerships to meet the evolving needs of investors and issuers. With Saudi Arabia leading the market and new opportunities emerging globally, the future of the sukuk market looks promising, offering avenues for sustainable economic growth and financial inclusion in Islamic finance.


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The Sukuk Global Market Report 2024  provides an overview of the sukuk market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The sukuk market forecast analyzes sukuk market size, sukuk market share, leading competitor and their market positions.


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