Global Sukuk Market 2016-2020

  • Published: Aug 2016
  • Pages: 61
  • SKU: IRTNTR8909

Enjoy complimentary customisation on priority with our Enterprise License!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted

  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

This industry research report identifies Abu Dhabi Islamic Bank, Al Baraka Bank, Al Rajhi Bank, Dubai Islamic Bank PJSC, HSBC, Kuwait Finance House, Maybank Islamic Berhad, Qatar International Islamic Bank, and Samba as the key vendors in the global sukuk market. This report also presents a competitive analysis of the market based on geographical regions such as South East Asia, Middle East, and ROW.

Sukuk market size

Market research analysts at Technavio have predicted that the global Sukuk market will grow steadily during the forecast period and will post a CAGR of more than 8% by 2020. This market research analysis identifies the diversification of investment pattern in emerging countries as one of the primary growth factors for this market.

Many Islamic banking institutions have already started seeking strategic partnerships with foreign financial institutions to step up expansions in foreign countries and also benefit from opportunities in untapped markets. The rising disposable incomes have also encouraged more people to invest in Shariah-compliant products. Moreover, the increasing competition, the growing demand with greater sophistication, and innovation in products and services will also add to the growth of the market. 

Islamic finance products like Sukuk are considered unique in the financial sector. Mature and developing Islamic markets are facing shortages in technical expertise in terms of product innovation and in driving sales. The establishment of Islamic finance products in different geographies will help target both Muslim and non-Muslim populations, under the guidance of Muslim scholars. This will create a rise in the awareness for providing globally accepted qualifications that will help industry professionals to develop their professional careers. Also, the market will also witness a number of outsourcing and white labeling activities.

Sukuk market share: Competitive landscape and key vendors

The market is characterized by the presence of several well-established and regional vendors. Owing to their favorable demographics and strong macroeconomic fundamentals, the South East Asian countries hold the maximum potential for growth in Islamic products. To enhance the operating model, to attract large numbers of depositors, and to expand its credit services, vendors in the industry have the need to customize their products. Vendors will also start creating separate MSME (micro small and medium enterprises) business units to develop private equity and venture capital practices and will also deduce strategic moves to enhance the current clientele. Islamic banks will also start focusing on expanding their channel capabilities to offer customized products and services.

The leading vendors in the market

  • Abu Dhabi Islamic Bank
  • Al Baraka Bank
  • Al Rajhi Bank
  • Dubai Islamic Bank PJSC
  • HSBC
  • Kuwait Finance House
  • Maybank Islamic Berhad
  • Qatar International Islamic Bank
  • Samba

Sukuk market growth based on geographical segmentation 

  • South East Asia
  • Middle East
  • ROW

This market study estimates that in terms of geography South East Asia will account for more than 76% of the total share of the market by 2020 and will also dominate this market throughout the forecast period. Sukuk bonds are expected to perform well during the predicted period and will result in attracting foreign issuers from different regions. Also, Sukuk is based on asset-based securitization methods, and this will make it ideal to finance highway networks, new ports, and other infrastructure projects in the coming years.

Sukuk market growth drivers, challenges, and upcoming trends

Modern banking customers often transact online and also use the cyber domain to relate their user experience. This will induce Islamic banking and financial institutions to invest in analytics to offer their customers with better user experience and customized products. Also, the use of social media analytics will also enable these institutions to gauge customer expectations, perceptions, and experiences.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the global Sukuk market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global sukuk market?
  • What are the key market trends impacting the growth of the global sukuk market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global sukuk market?
  • What are the market opportunities and threats faced by the vendors in the global sukuk market?
  • Trending factors influencing the market shares of the South East Asia, Middle East, and ROW.
  • What are the key outcomes of the five forces analysis of the global sukuk market?

Technavio also offers customization on reports based on specific client requirement.

Related reports



Table of Content

PART 01: Executive summary

  • Highlights

PART 02: Scope of  the report

  • Market overview
  • Top-vendor offerings
  • Countries covered

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • Islamic financial contracts
  • Definition of sukuk
  • Principal documents in sukuk
  • Benefits of sukuk
  • Difference between conventional bonds and sukuk

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Geographical segmentation

  • Geographical segmentation
  • Southeast Asia
  • Middle East
  • ROW

PART 07: Market drivers

  • Diversification of investment pattern in emerging countries
  • Increasing market prospects
  • Cross border transactions

PART 08: Impact of drivers

PART 09: Market challenges

  • Lag in profitability compared to traditional institutions
  • Improving international transparency, standards, regulations, innovation, and compliances
  • Different interpretation of Shariah laws

PART 10: Impact of drivers and challenges

PART 11: Market trends

  • Expansion of employment opportunities and technical expertise
  • Increase in the financial institutions offering Shariah-compliant products and solutions
  • Digitization and the path ahead

PART 12: Vendor landscape

  • Competitive overview
  • Other prominent vendors

PART 13: Competitive landscape

  • Abu Dhabi Islamic Bank
  • Al Baraka Bank
  • Al Rajhi Bank
  • Dubai Islamic Bank
  • HSBC
  • Kuwait Finance House
  • Maybank
  • Qatar International Islamic Bank
  • Samba Financial Group

PART 14: Appendix

  • List of abbreviations

PART 15: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your sample now!
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
  • Off-the-shelf research reports
  • Reports can be tailored to meet the customer's needs
  • Trusted by more than 100 fortune 500 organizations
  • Information about the market's key drivers, trends, and challenges
  • Parent market analysis
  • Every week, 50,000 people visit our subscription platform
  • Detailed vendors report with competitive landscape
  • Covid-19 impact and recovery analysis
  • Data on revenue-generating market segments
  • Details on the market shares of various regions
  • Five-force market analysis

Certified ISO 9001 : 2015

We are ISO recognized

We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

We are GDPR and CCPA compliant

We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

Safe and Secure SSL Encrypted

  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Customized Report as per your Business Needs

  • Our analysts will work directly with you and understand your needs
  • Get data on specified regions or segments, competitor and Vendors
  • Data will be formatted and presented as per your requirements
  • We offer $1000 worth of FREE customization at the time of purchase

Let us help you make report more suited to your requirements.

  • Get a competitive breakdown as per your niche industry
  • Customize the data with various metrics that meet your business prerequisite
  • Understand Revenue Sources, Customers and many more
  • Details on Market Share
  • These customizations are done in a short amount of time by our analysts and industry experts
Enquire Before Buying
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>