Introduction
The global sukuk market was valued at USD 1021.6 billion in 2023 and is projected to grow at a CAGR of 12.6% from 2024 to 2029. As a key component of Islamic finance, sukukโalso known as Islamic bondsโcomply with Sharia principles, prohibiting interest-based transactions and ensuring ethical investments. The rising demand for Sharia-compliant financial instruments and the increasing adoption of Islamic banking worldwide are fueling the growth of the sukuk market.
Market Trends
- Green and Sustainable Sukuk: The rise of ESG investments is driving the issuance of green and sustainable sukuk to finance renewable energy, infrastructure, and eco-friendly projects.
- Digitization & Blockchain Adoption: The integration of blockchain and digital platforms enhances transparency, security, and efficiency in sukuk issuance and trading.
- Diverse Sukuk Structures: Innovations such as hybrid sukuk and structured sukuk products cater to evolving issuer and investor needs.
- Cross-Border Sukuk Issuance: Governments and corporations are issuing sukuk globally, expanding the investor base and integrating Islamic finance with mainstream financial systems.
- Islamic Fintech Growth: The development of Islamic fintech platforms is simplifying sukuk investments, making them more accessible to global investors.
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๐https://www.marketinsightsresearch.com/request/download/9/56243/Sukuk-Marketย
Market Challenges
- Regulatory Variations: Differences in Islamic finance regulations across countries create inconsistencies in sukuk issuance and compliance.
- Liquidity Constraints: The secondary market for sukuk remains underdeveloped, limiting trading and price discovery.
- Complex Structuring: Compared to conventional bonds, sukuk issuance requires more intricate financial structuring and asset backing.
Regional Insights
- Dominating Region: Middle East & Africa leads due to strong demand from Islamic economies and sovereign sukuk issuances.
- Fastest-Growing Segment: Financial Institutions are increasingly adopting sukuk for capital raising and liquidity management.
๐๐๐ ๐ก๐ผ๐ ๐๐ฎ๐๐ฒ๐๐ ๐๐ฑ๐ถ๐๐ถ๐ผ๐ป ๐ผ๐ณ sukuk market ย ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐
https://www.marketinsightsresearch.com/report/buy_now/9/56243/Sukuk-Marketย
Market Forecast & Projections (2025-2029)
| Metric | Value |
| Market Size (2023) | USD 1021.6 billion |
| CAGR (2024-2029) | 12.6% |
| Fastest-Growing Segment | Financial Institutions |
| Largest Market | Middle East & Africa |
Key Players in the Global Sukuk Market
- Abu Dhabi Islamic Bank PJSC
- Al Baraka Banking Group
- Al-Rajhi Bank
- Dubai Islamic Bank
- HSBC Holdings Plc
- Kuwait Finance House
- Malayan Banking Berhad
- Qatar International Islamic Bank
- RHB Bank Berhad
๐๐ฒ๐ ๐ญ๐ฌ-๐ฎ๐ฑ% ๐๐ถ๐๐ฐ๐ผ๐๐ป๐ ๐ผ๐ป ๐๐บ๐บ๐ฒ๐ฑ๐ถ๐ฎ๐๐ฒ ๐ฝ๐๐ฟ๐ฐ๐ต๐ฎ๐๐ฒ
https://www.marketinsightsresearch.com/request/discount/9/56243/Sukuk-Marketย ย
Conclusion
The sukuk market is expanding rapidly with strong regulatory support, technological innovations, and increasing global adoption. With a CAGR of 12.6% through 2029, sukuk is set to play a crucial role in shaping the future of Islamic finance and ethical investing.
Meta Description:
Discover key trends, growth forecasts, and insights into the global sukuk market, expected to expand significantly through 2029.
Tags:
Sukuk Market, Islamic Finance, Sharia-Compliant Bonds, Green Sukuk, ESG Investing, Digital Sukuk, Blockchain in Finance, Islamic Banking, Middle East Finance, Sustainable Finance, Financial Institutions, Cross-Border Investments, Hybrid Sukuk, Global Market Trends, Sovereign Sukuk, Islamic Fintech, Ethical Investing, Murabahah Sukuk, Ijarah Sukuk, Market Forecast
