Distribution of sovereign sukuk issuance globally 2021, by country

Distribution of total sovereign sukuk issuance worldwide in 2021, by country

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Release date

August 2022



Survey time period


Supplementary notes

A "sukuk" is a financial certificate similar to a bond, but structured so as to comply with Islamic religious law (Sharia). The core difference is that a sukuk involves direct ownership in the asset/s the issuer purchases with the funds raised, whereas bonds are indirect debt obligations. Income received by the sukuk holder is therefore income generated by the underlying asset, whereas income from bonds is structured as interest payments.

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