PRESSR: International Sukuk issuances hit US$ 65.6bln, up 24.5 percent says IIFM Sukuk Report 2025

About this update from Kuwait Finance House K.s.c.

Manama, Kingdom of Bahrain – The International Islamic Financial Market (IIFM), a leading infrastructure development institution of the Islamic finance industry, today, announced the publication of the fourteenth (14th) edition of its annual Sukuk Report, featuring comprehensive 2024 data.A virtual launch event was held to mark the publication of the report, attracting 240 registered participants worldwide. International experts from all regions discussed trends in Sukuk structures, particularly hybrid and intangible asset Sukuk and the prospect of standardizing its documentation to drive the Sukuk sector's growth and innovation.The research report provides comprehensive and useful information on the global Sukuk issuances, market developments and prospects, structure trends, issuer types, case studies, articles, and country specific information for IIFM founding member countries and major Sukuk-issuing jurisdictions.The report finds that the total global Sukuk issuances in the year 2024 reached US$ 205 billion. Whereby the International Sukuk issuance recorded its highest level since inception, rising to US$ 65.6 billion, an increase of US$ 12.9 billion (24.5%) from US$ 52.7 billion in 2023. This strong performance reflects improving global liquidity conditions and a decline in funding costs, which supported increased activity in the international market.In contrast, short-term Sukuk issuances declined to USD 59.1 billion, down from US$ 72.7 billion in 2023, driven by reduced domestic market activity and a broader shift away from short-term funding instruments.The report highlights that global outstanding Sukuk reached US$ 902.82 billion in 2024. Most of these issuances originate from well-established markets such as Kingdom of Bahrain, Malaysia, Kingdom of Saudi Arabia, the United Arab Emirates, and Indonesia. Emerging markets including Türkiye, Pakistan, Qatar, Oman and regions across Africa are expected to gradually expand their share in the Sukuk landscape in the coming years.“Global Sukuk issuances reached US$ 205 billion in 2024, reflecting the continued resilience and steady growth of Islamic capital markets,” said Mr. Affendi Rashdi, Director-General of the Labuan Financial Services Authority (Labuan FSA - Malaysia) and Vice Chairman of IIFM. “Digitalization represents a major force reshaping Sukuk markets. Around the world, including in Malaysia...

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