The global Sukuk market continues to expand as demand for Shariah-compliant financial instruments remains strong, supported by increasing financing needs in key Islamic finance markets and the rising adoption of sustainable Sukuk. As an ethical and innovative alternative to conventional bonds, Sukuk allows investors to earn returns without interest (Riba) or excessive uncertainty (Gharar), attracting both Muslim and non-Muslim investors. This market has established itself as a fundamental financing tool for infrastructure development, sovereign funding, and corporate investments.
Global demand for Sukuk continues to rise, driven by key markets across the Middle East, Southeast Asia, Africa, and Europe. In 2023, the market expanded from $904.5 billion and projected to reach $2,160.55 billion by 2028, backed by sustainable financing initiatives, government-driven economic transformations, and the rise of digital issuance and green Sukuk.
