Sukuk Market Size Forecasted To Achieve $2559.79 Billion By 2029 With Steady Growth

The Sukuk Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Sukuk Market Size During the Forecast Period?
The dimension of the sukuk market has expanded dramatically in the past few years. It is projected to escalate from $1080.62 billion in 2024 to $1296.82 billion in 2025, displaying a compound annual growth rate (CAGR) of 20.0%. The historic period's expansion can be credited to the progression of Islamic finance, diversification in financing methods, infrastructural development, governmental drives, global sukuk issuance, and a surge in cross-border transactions.

In the coming years, a swift expansion is anticipated in the size of the sukuk market. It is projected to reach $2559.79 billion in 2029, with a compound annual growth rate (CAGR) of 18.5%. This growth during the forecast timeframe could be due to factors such as a global financial rebound, the belt and road initiative, sustainable and green sukuk, evolution of Islamic fintech, variety in sukuk structures, and a demand for wealth management. Key trends expected in the forecast period are enhancements in sukuk structures, digitization of sukuk issuance, improved regulatory systems, increased partnerships and transnational cooperation, as well as participation by the private sector.

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What Are the Major Segments in the Sukuk Market?
The sukuk market covered in this report is segmented -

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

Subsegments:
1) By Murabahah Sukuk: Commodity Murabahah Sukuk, Asset-Backed Murabahah Sukuk
2) By Salam Sukuk: Agricultural Salam Sukuk, Industrial Salam Sukuk
3) By Istisna Sukuk: Construction Istisna Sukuk, Manufacturing Istisna Sukuk
4) By Ijarah Sukuk: Operating Ijarah Sukuk, Finance Ijarah Sukuk
5) By Musharakah Sukuk: Equity-Based Musharakah Sukuk, Project-Based Musharakah Sukuk
6) By Mudarabah Sukuk: Investment Mudarabah Sukuk, Short-Term Mudarabah Sukuk
7) By Hybrid Sukuk: Mixed Structure Sukuk, Multi-Tiered Sukuk
8) By Other Sukuk Types: Green Sukuk, Social Sukuk, Sukuk Al-Waqf

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What Are The Driving Sukuk Market Evolution?
The swift urban development in Middle Eastern nations is predicted to drive the expansion of the sukuk market going forward. The trend of a nation's populace progressively shifting from suburban to metropolitan areas is referred to as urbanization, with city dwellers escalating more rapidly than their rural counterparts. Urbanization produces a need for infrastructure investment, which subsequently fuels economic growth through multiple channels, such as reducing transaction expenses and enhancing efficiency. When it comes to infrastructure enhancement, sukuk presents a renowned and highly effective means for governments to obtain money on a local and global scale through a process that adheres to Islamic law and does not entail interest payment for national advancement. For example, as per the Baker Institute, a non-profit governmental organization based in the US, the population of Arab countries touched around 465 million in June 2024. Anticipated increases in regional urban populations from 279 million to around 362 million by 2035 necessitate investments in education, infrastructure, and governance structures to cultivate an environment suitable for sustained urban growth. Consequently, the swift urban development in Middle Eastern nations is facilitating the expansion of the sukuk market.

Which Firms Dominate The Sukuk Market Segments?
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 Trends Are Expected to Dominate the Sukuk Market in the Next 5 Years?
Major players in the sukuk market are directing their focus towards sustainable and innovative financing options such as green and social sukuk. Their aim is to entice a wider array of ethical investors while contributing to environmental and social objectives. Islamic law, Sharia, is the guiding principle for a Sharia-compliant investment fund - a financial entity that is committed to ethical investments and eschews businesses associated with alcohol, gambling*, and other outlawed activities. For example, in September 2024, Al Baraka Capital, an Islamic financial services provider located in Bahrain Bay, set up the first ever Sharia-compliant investment fund that allocated USD 4.11 million (EGP 200 million) to finance 20 small businesses in the industrial sector in return for a portion of the profit. The fund uses Sukuk, Sharia law compliant financial certificates similar to bonds. These certificates signify ownership in tangible assets or initiatives, providing investors the chance to earn profits without breaching Sharia law's ban on interest (riba).

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Which Is The Largest Region In 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

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Sukuk Market?
2. What is the CAGR expected in the Sukuk Market?
3. What Are the Key Innovations Transforming the Sukuk Industry?
4. Which Region Is Leading the Sukuk Market?

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