Sukuk Market Research Unveils Robust Growth & Strategic Partnerships in Islamic Finance

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Jan 22, 2024, 13:00 ET

DUBLIN, Jan. 22, 2024 /PRNewswire/ -- The "Sukuk Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.

Global sukuk industry to rise from $904.5 billion in 2023 to $1084.8 billion in 2024, achieving a robust compound annual growth rate (CAGR) of 19.1%. This expansion within the historical period is attributed to increasing intakes in Islamic finance, a broader range of funding sources, infrastructural developments, and notable spikes in cross-border transactions.

Our comprehensive sukuk market report provides an in-depth analysis of the industry, furnishing investors and stakeholders with valuable insights into the anticipated market size of $2160.55 billion by 2028. This surge shows a steady CAGR of 18.8%, signaling a healthy and expanding market ecosystem, influenced by the global economic recovery, the Belt and Road Initiative's influence, and the escalating popularity of sustainable and green sukuk products.

Incorporated within the report is a detailed examination of urbanization impacts in the Middle Eastern region and how they are potent drivers of market growth. As nations transition demographically towards urban-centric populations, the demand for Sharia-compliant financial instruments like sukuk intensifies, presenting a formidable option for infrastructure financing.

Highlighted within the sukuk market analysis are strategic partnerships and collaborations that are shaping industry trends, such as the alliance between City Bank Capital Resources Limited and the Bangladesh Export Import Company Limited (BEXIMCO), and the synergy between Abu Dhabi Islamic Bank (ADIB) and Visa Inc. These collaborations underscore the trend towards digitizing payment processes and driving growth across the Islamic financial services landscape.

Innovation stands as a cornerstone in the report, with a focus on emergent financial tools like Sukuk ETFs. These instruments have been carefully observed to enrich investment opportunities within the market, providing investors with index-tracked, Sharia-compliant investment products. A case in point is the HSBC Global Sukuk UCITS ETF, which broadens the access to Islamic bonds on a global scale.

Moreover, the sukuk market report covers a breadth of geographical and sector-specific data, from Saudi Arabia's dominance in the industry to the variegated forms of sukuk available, such as murabahah sukuk, istisna sukuk, and others. It also includes a meticulous assessment of the different currencies utilized in sukuk transactions and the diversity of issuing entities ranging from sovereign to corporate.

Key Takeaways from the Sukuk Market Research Report:

Projected market size increase to $2160.55 billion by 2028 with a CAGR of 18.8%
Insightful analysis on the impact of urbanization in Middle Eastern countries on market growth
In-depth review of strategic partnerships contributing to the industry's evolution
Feature on innovative financial instruments enhancing market presence
Comprehensive geographic and sector-specific data essential for market stakeholders
Authoritative coverage of market trends, opportunities, and forecasts for informed decision-making

The comprehensive data and insights provided in our sukuk market report are meticulously compiled to guide financial institutions, investors, and policymakers through the intricate landscape of Islamic finance, driving informed decision-making in a market ripe for investment and continued evolution. With the promise of sustained growth and the thrust from strategic partnerships and digital transformations, the sukuk market is poised to play a significant role in shaping the future of ethical and faith-based investments.

A selection of companies mentioned in this report includes

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
Rashid Hussain Bhd Islamic Bank
Samba Financial Group SJSC
Ajman Bank
Citi Islamic Investment Bank
Emirates NBD Bank PJSC
Standard Chartered plc
Maybank Islamic Berhad
Qatar Islamic Bank
Commerce International Merchant Bankers Berhad
First Abu Dhabi Bank
Gulf International Bank
Islamic Development Bank
Kuwait International Bank
Mashreq Bank
National Bank of Abu Dhabi
Noor Bank
Oman Arab Bank
Sharjah Islamic Bank
Al Hilal 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

For more information about this report visit https://www.researchandmarkets.com/r/2lgvjq

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