Sukuk Market exhibiting a CAGR of 17% during 2022-2027- IMARC Group

Maria James

According to IMARC Group’s latest report, titled “Sukuk Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global sukuk market reached a value of US$ 767 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,987.7 Billion by 2027, exhibiting a CAGR of 17% during 2022-2027.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

A Sukuk refers to the financial certificate that is issued in Islamic countries to represent the share of ownership in a portfolio of eligible or existing assets. It offers the investor proof of possession in an underlying asset and several financial obligations while conducting trade and other commercial activities. Furthermore, Islamic law prohibits the lending of money with interest payments, thereby forbidding the use of conventional bonds for financial transactions. Consequently, sukuk is used as an alternative, which does not display any debt obligation as the issuer utilizes the proceeds from the certificate to purchase an asset.

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Market Trends:

The inflating levels of urbanization in the Middle Eastern countries are primarily driving the sukuk market. Additionally, the increasing number of cross-border transactions is further catalyzing the market growth. Besides this, the launch of numerous favorable policies by government bodies for establishing sophisticated Shariah-compliant financial institutions with innovative products and services is acting as another significant growth-inducing factor. Moreover, various Islamic banking institutions are seeking strategic partnerships with foreign organization to participate in trade with other countries, which is also propelling the demand for sukuk. Apart from this, the rising investments in analytics that can offer better user experience and customized variants to the customers, on account of the widespread adoption of online transaction models, are anticipated to fuel the sukuk market over the forecasted period.

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List of Key Companies Covered in this Market Report:

  • 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

The report has segmented the market on the basis of sukuk type, currency, issuer type and geography.

Breakup by Sukuk Type:

  • Murabahah Sukuk
  • Salam Sukuk
  • Istisna Sukuk
  • Ijarah Sukuk
  • Musharakah Sukuk
  • Mudarabah Sukuk
  • Hybrid Sukuk
  • Others

Breakup by Currency:

  • Turkish Lira
  • Indonesian Rupiah
  • Saudi Riyal
  • Kuwaiti Dinar
  • Malaysian Ringgit
  • United States Dollar
  • Others

Breakup by Issuer Type:

  • Sovereign
  • Corporate
  • Financial Institutions
  • Quasi-Sovereign
  • Others

Breakup by Geography:

  • North America (U.S. & Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • Latin America (Brazil, Mexico)
  • Middle East & Africa

Key highlights of the report:

  • Market Performance (2015-2020)
  • Market Outlook (2021- 2026)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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