Global Sukuk Issuance Anticipated to Reach USD 180 Billion by End of 2021

As per Refinitiv’s 2021 Sukuk Perception and Forecast study, global Sukuk issuance which reached USD 147 billion in the first nine months of 2021, is slated to reach USD 180 billion by the end of 2021.

Why it Matters?

Sukuk issuance is forecast to reach USD 290 billion in 2026 growing at an estimated Compound Annual Growth Rate (CAGR) of 10% over the next five years. Mustafa Adil, Head of Islamic Finance at Refinitiv said that the global secondary Sukuk market, with a steady growth over the last five years reached USD 699 billion in value outstanding in the third quarter of 2021 (3Q 2021). There have been new developments mainly in the retail and Environment, Social and Governance (ESG) areas and also an increase in offering Sukuk using online channels he...