IMARC Group, a leading market research company, has recently releases report titled “Sukuk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global sukuk market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the sukuk market?

What is sukuk?

A Sukuk refers to the financial certificate that is issued in Islamic countries to represent the share of ownership in a portfolio of eligible or existing assets. It offers the investor proof of possession in an underlying asset and several financial obligations while conducting trade and other commercial activities. Furthermore, Islamic law prohibits the lending of money with interest payments, thereby forbidding the use of conventional bonds for financial transactions. Consequently, sukuk is used as an alternative, which does not display any debt obligation as the issuer utilizes the proceeds from the certificate to purchase an asset.

Request for a free sample copy of this report: https://www.imarcgroup.com/sukuk-market/requestsample

What are the growth prospects and trends in the sukuk industry?

The inflating levels of urbanization in the Middle Eastern countries are primarily driving the sukuk market. Additionally, the increasing number of cross-border transactions is further catalyzing the market growth. Besides this, the launch of numerous favorable policies by government bodies for establishing sophisticated Shariah-compliant financial institutions with innovative products and services is acting as another significant growth-inducing factor. Moreover, various Islamic banking institutions are seeking strategic partnerships with foreign organization to participate in trade with other countries, which is also propelling the demand for sukuk. Apart from this, the rising investments in analytics that can offer better user experience and customized variants to the customers, on account of the widespread adoption of online transaction models, are anticipated to fuel the sukuk market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

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:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• 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

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=2263&flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/