[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Sukuk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

June 2023 | 138 pages | ID: SEB1D2EA9D0BEN
IMARC Group

US$ 2,499.00

E-mail Delivery (PDF), Hard Copy Mail Delivery, CD-ROM Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
The global sukuk market size reached US$ 915 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,276 Billion by 2028, exhibiting a growth rate (CAGR) of 16.2% during 2023-2028.

A Sukuk is a financial certificate that is issued in Islamic countries for representing the share of ownership in a portfolio of existing or eligible assets. It provides the investor a proof of ownership in an underlying asset and various financial obligations while conducting trade and other commercial activities. Islamic law prohibits the lending of money with interest payments, thereby forbidding the use of conventional bonds for financial transactions. As an alternative, Sukuk is used, which does not represent any debt obligation as the issuer uses the proceeds from the certificate to purchase an asset, of which the investor also receives partial ownership.

Rapid urbanization in the Middle Eastern countries is one of the key factors driving the growth of the market. Furthermore, the diversification of investment patterns in emerging countries and increasing cross-border transactions, are also providing a boost to the market growth. Also, various Islamic banking institutions are seeking strategic partnerships with foreign institutions to participate in trade with other countries. In line with this, the governments of these nations are establishing sophisticated Shariah-compliant financial institutions with innovative products and services, which is creating a positive outlook for the market. Furthermore, the widespread adoption of online transaction models has encouraged financial institutions to invest in analytics that can offer better user experience and customized products to their customers. This, along with increasing investments by the governments of Islamic countries for infrastructural development and the digitization of financial services, is projected to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global sukuk market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on sukuk type, currency and issuer type.

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 Region:

Gulf Cooperation Council (GCC)
South East Asia
Middle East and Africa (Excluding GCC Countries)
Others

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being 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, etc.

Key Questions Answered in This Report:

How has the global sukuk market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global sukuk market?
What is the breakup of the market based on the sukuk type?
What is the breakup of the market based on the currency?
What is the breakup of the market based on the issuer type?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global sukuk industry and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL SUKUK MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY SUKUK TYPE

6.1 Murabahah Sukuk
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Salam Sukuk
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Istisna Sukuk
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Ijarah Sukuk
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Musharakah Sukuk
  6.5.1 Market Trends
  6.5.2 Market Forecast
6.6 Mudarabah Sukuk
  6.6.1 Market Trends
  6.6.2 Market Forecast
6.7 Hybrid Sukuk
  6.7.1 Market Trends
  6.7.2 Market Forecast
6.8 Others
  6.8.1 Market Trends
  6.8.2 Market Forecast

7 MARKET BREAKUP BY CURRENCY

7.1 Turkish Lira
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Indonesian Rupiah
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Saudi Riyal
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Kuwaiti Dinar
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5 Malaysian Ringgit
  7.5.1 Market Trends
  7.5.2 Market Forecast
7.6 United States Dollar
  7.6.1 Market Trends
  7.6.2 Market Forecast
7.7 Others
  7.7.1 Market Trends
  7.7.2 Market Forecast

8 MARKET BREAKUP BY ISSUER TYPE

8.1 Sovereign
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Corporate
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Financial Institutions
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Quasi-Sovereign
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 Others
  8.5.1 Market Trends
  8.5.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 Gulf Cooperation Council (GCC)
  9.1.1 Overview
  9.1.2 Market Drivers
  9.1.3 Current and Historical Market Trends
  9.1.4 Market Breakup by Country
  9.1.5 Market Forecast
9.2 South East Asia
  9.2.1 Overview
  9.2.2 Market Drivers
  9.2.3 Current and Historical Market Trends
  9.2.4 Market Breakup by Country
  9.2.5 Market Forecast
9.3 Middle East and Africa (Excluding GCC Countries)
  9.3.1 Overview
  9.3.2 Market Drivers
  9.3.3 Current and Historical Market Trends
  9.3.4 Market Breakup by Country
  9.3.5 Market Forecast
9.4 Others
  9.4.1 Overview
  9.4.2 Market Drivers
  9.4.3 Current and Historical Market Trends
  9.4.4 Market Breakup by Country
  9.4.5 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 Abu Dhabi Islamic Bank PJSC
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
    14.3.1.3 Financials
  14.3.2 Al Baraka Banking Group
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
    14.3.2.3 Financials
  14.3.3 Al-Rajhi Bank
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
    14.3.3.3 Financials
    14.3.3.4 SWOT Analysis
  14.3.4 Banque Saudi Fransi
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
    14.3.4.3 Financials
  14.3.5 Dubai Islamic Bank
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
  14.3.6 HSBC Holdings plc
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
    14.3.6.3 Financials
    14.3.6.4 SWOT Analysis
  14.3.7 Kuwait Finance House
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
    14.3.7.3 Financials
    14.3.7.4 SWOT Analysis
  14.3.8 Malayan Banking Berhad
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
    14.3.8.3 Financials
  14.3.9 Qatar International Islamic Bank
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
  14.3.10 RHB Bank Berhad
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
  14.3.11 Samba Financial Group
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
    14.3.11.3 Financials
    14.3.11.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Sukuk Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Sukuk Market Forecast: Breakup by Sukuk Type (in Million US$), 2023-2028
Table 3: Global: Sukuk Market Forecast: Breakup by Currency (in Million US$), 2023-2028
Table 4: Global: Sukuk Market Forecast: Breakup by Issuer Type (in Million US$), 2023-2028
Table 5: Global: Sukuk Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Sukuk Market Structure
Table 7: Global: Sukuk Market: Key Players


LIST OF FIGURES

Figure 1: Global: Sukuk Market: Major Drivers and Challenges
Figure 2: Global: Sukuk Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Sukuk Market: Breakup by Sukuk Type (in %), 2022
Figure 4: Global: Sukuk Market: Breakup by Currency (in %), 2022
Figure 5: Global: Sukuk Market: Breakup by Issuer Type (in %), 2022
Figure 6: Global: Sukuk Market: Breakup by Region (in %), 2022
Figure 7: Global: Sukuk Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Sukuk (Murabahah Sukuk) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Sukuk (Murabahah Sukuk) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Sukuk (Salam Sukuk) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Sukuk (Salam Sukuk) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Sukuk (Istisna Sukuk) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Sukuk (Istisna Sukuk) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Sukuk (Ijarah Sukuk) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Sukuk (Ijarah Sukuk) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Sukuk (Musharakah Sukuk) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Sukuk (Musharakah Sukuk) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Sukuk (Mudarabah Sukuk) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Sukuk (Mudarabah Sukuk) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Sukuk (Hybrid Sukuk) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Sukuk (Hybrid Sukuk) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Sukuk (Other Sukuk Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Sukuk (Other Sukuk Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Sukuk (Turkish Lira) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Sukuk (Turkish Lira) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Sukuk (Indonesian Rupiah) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Sukuk (Indonesian Rupiah) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Sukuk (Saudi Riyal) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Sukuk (Saudi Riyal) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Sukuk (Kuwaiti Dinar) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Sukuk (Kuwaiti Dinar) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Sukuk (Malaysian Ringgit) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Sukuk (Malaysian Ringgit) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Sukuk (United States Dollar) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Sukuk (United States Dollar) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Sukuk (Other Currencies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Sukuk (Other Currencies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Sukuk (Sovereign) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Sukuk (Sovereign) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Sukuk (Corporate) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Sukuk (Corporate) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Sukuk (Financial Institutions) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Sukuk (Financial Institutions) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Global: Sukuk (Quasi-Sovereign) Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Global: Sukuk (Quasi-Sovereign) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Global: Sukuk (Other Issuer Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Global: Sukuk (Other Issuer Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Gulf Cooperation Council (GCC): Sukuk Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Gulf Cooperation Council (GCC): Sukuk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: South East Asia: Sukuk Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: South East Asia: Sukuk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Middle East and Africa (Excluding GCC Countries): Sukuk Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Middle East and Africa (Excluding GCC Countries): Sukuk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Others: Sukuk Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Others: Sukuk Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Global: Sukuk Industry: SWOT Analysis
Figure 57: Global: Sukuk Industry: Value Chain Analysis
Figure 58: Global: Sukuk Industry: Porter’s Five Forces Analysis


More Publications