Global Sukuk issuance to hit $180 billion by end of 2021
UNITED ARAB EMIRATES – Global Sukuk issuance reached $147 billion in the first nine months of 2021 and is projected to hit $180 billion by the end of this year according to Refinitiv’s 2021 Sukuk Perception and Forecast study.
Sukuk issuance is projected to grow at an estimated 10% CAGR over the next five years, reaching $290 billion in 2026. The leading five countries by Sukuk issuance are Malaysia, Saudi Arabia, Indonesia, Turkey and Kuwait, which together accounted for 90% of total issuance in the third quarter of 2021. According to the report, supported by Crescent Finance, sovereign issuance accounted for 58% of the total.
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Refinitiv