Global Sukuk Market: Unprecendented Growth, Size Projections, Key Drivers, and Trends

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Exploring the Exponential Growth of the Sukuk Market

What Is The Projected Market Size Of The Global Sukuk Market And Its Growth Rate?

• The sukuk market size has grown exponentially in recent years from $1080.62 billion in 2024 to $1296.82 billion in 2025, with a compound annual growth rate (CAGR) of 20.0%.
• This growth has been largely attributed to Islamic finance growth, diversification of funding sources, infrastructure development, government initiatives, global sukuk issuance, and increased cross-border transactions.
• The sukuk market is expected to see rapid growth to $2559.79 billion in 2029 at a CAGR of 18.5%, driven by global economic recovery, belt and road initiative, sustainable and green sukuk, Islamic fintech growth, diversity of sukuk structures, and wealth management demand.

What Is Driving The Growth In The Sukuk Market?

The rapid urbanization in Middle Eastern countries is driving the growth of the sukuk market. Urbanization creates demand for infrastructure investment, consequently spurring economic growth. Sukuk is an effective way for governments to raise money for development through a Sharia-compliant procedure. For instance, the population of Arab countries reached approximately 465 million in June 2024, and the urban population is projected to rise from 279 million to about 362 million by 2035. This necessitates significant investment in education, infrastructure, and governance to foster sustainable urban development, thereby propelling the sukuk market.

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Who Are the Key Players Driving Sukuk Market Growth?

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 In The Sukuk Market?

Key trends in the market include:
• Innovation in sukuk structures
• Digitalization of sukuk issuance
• Enhanced regulatory frameworks
• Partnerships and cross-border collaboration
• Private sector participation

What Are The Segments Of The Global Sukuk Market?

The sukuk market is segmented by:
• Sukuk Type: Murabahah Sukuk, Salam Sukuk, Istisna Sukuk, Ijarah Sukuk, Musharakah Sukuk, Mudarabah Sukuk, Hybrid Sukuk, Other Sukuk Types
• Currency: Turkish Lira, Indonesian Rupiah, Saudi Riyal, Kuwaiti Dinar, Malaysian Ringgit, United States Dollar, Other Currencies
• Issuer Type: Sovereign, Corporate, Financial Institutions, Quasi-Sovereign, Other Issuer Types

Which Region Leads The Sukuk Market?

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.

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What Is Covered In The Sukuk Market Global Market Report?

- Market Size Analysis: Analyze the Sukuk Market size by key regions, countries, product types, and applications.

- Market Segmentation Analysis: Identify various subsegments within the Sukuk Market for effective categorization.

- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.

- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.

- Market Contribution: Evaluate contributions of different segments to the overall Sukuk Market growth.

- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.

- Industry Challenges: Analyze challenges and risks affecting the Sukuk Market.

- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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