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Market Research Report
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1092071

Sukuk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Published: | IMARC Services Private Limited | 112 Pages | Delivery time: 2-3 business days

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Sukuk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Published: June 13, 2022
IMARC Services Private Limited
Content info: 112 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

The global sukuk market reached a value of US$ 767 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,987.7 Billion by 2027, exhibiting a CAGR of 17% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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, along with forecasts at the global and regional level from 2022-2027. 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?
Product Code: SR0622A198_Report

Table of Contents

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 Figures

  • Figure 1: Global: Sukuk Market: Major Drivers and Challenges
  • Figure 2: Global: Sukuk Market: Sales Value (in Billion US$), 2016-2021
  • Figure 3: Global: Sukuk Market: Breakup by Sukuk Type (in %), 2021
  • Figure 4: Global: Sukuk Market: Breakup by Currency (in %), 2021
  • Figure 5: Global: Sukuk Market: Breakup by Issuer Type (in %), 2021
  • Figure 6: Global: Sukuk Market: Breakup by Region (in %), 2021
  • Figure 7: Global: Sukuk Market Forecast: Sales Value (in Billion US$), 2022-2027
  • Figure 8: Global: Sukuk (Murabahah Sukuk) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 9: Global: Sukuk (Murabahah Sukuk) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 10: Global: Sukuk (Salam Sukuk) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 11: Global: Sukuk (Salam Sukuk) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 12: Global: Sukuk (Istisna Sukuk) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 13: Global: Sukuk (Istisna Sukuk) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 14: Global: Sukuk (Ijarah Sukuk) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 15: Global: Sukuk (Ijarah Sukuk) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 16: Global: Sukuk (Musharakah Sukuk) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 17: Global: Sukuk (Musharakah Sukuk) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 18: Global: Sukuk (Mudarabah Sukuk) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 19: Global: Sukuk (Mudarabah Sukuk) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 20: Global: Sukuk (Hybrid Sukuk) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 21: Global: Sukuk (Hybrid Sukuk) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 22: Global: Sukuk (Other Sukuk Types) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 23: Global: Sukuk (Other Sukuk Types) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 24: Global: Sukuk (Turkish Lira) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 25: Global: Sukuk (Turkish Lira) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 26: Global: Sukuk (Indonesian Rupiah) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 27: Global: Sukuk (Indonesian Rupiah) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 28: Global: Sukuk (Saudi Riyal) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 29: Global: Sukuk (Saudi Riyal) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 30: Global: Sukuk (Kuwaiti Dinar) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 31: Global: Sukuk (Kuwaiti Dinar) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 32: Global: Sukuk (Malaysian Ringgit) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 33: Global: Sukuk (Malaysian Ringgit) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 34: Global: Sukuk (United States Dollar) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 35: Global: Sukuk (United States Dollar) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 36: Global: Sukuk (Other Currencies) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 37: Global: Sukuk (Other Currencies) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 38: Global: Sukuk (Sovereign) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 39: Global: Sukuk (Sovereign) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 40: Global: Sukuk (Corporate) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 41: Global: Sukuk (Corporate) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 42: Global: Sukuk (Financial Institutions) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 43: Global: Sukuk (Financial Institutions) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 44: Global: Sukuk (Quasi-Sovereign) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 45: Global: Sukuk (Quasi-Sovereign) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 46: Global: Sukuk (Other Issuer Types) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 47: Global: Sukuk (Other Issuer Types) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 48: Gulf Cooperation Council (GCC): Sukuk Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 49: Gulf Cooperation Council (GCC): Sukuk Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 50: South East Asia: Sukuk Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 51: South East Asia: Sukuk Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 52: Middle East and Africa (Excluding GCC Countries): Sukuk Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 53: Middle East and Africa (Excluding GCC Countries): Sukuk Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 54: Others: Sukuk Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 55: Others: Sukuk Market Forecast: Sales Value (in Million US$), 2022-2027
  • 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

List of Tables

  • Table 1: Global: Sukuk Market: Key Industry Highlights, 2021 and 2027
  • Table 2: Global: Sukuk Market Forecast: Breakup by Sukuk Type (in Million US$), 2022-2027
  • Table 3: Global: Sukuk Market Forecast: Breakup by Currency (in Million US$), 2022-2027
  • Table 4: Global: Sukuk Market Forecast: Breakup by Issuer Type (in Million US$), 2022-2027
  • Table 5: Global: Sukuk Market Forecast: Breakup by Region (in Million US$), 2022-2027
  • Table 6: Global: Sukuk Market Structure
  • Table 7: Global: Sukuk Market: Key Players