The global sukuk market to grow at a CAGR of 8.51% during the period 2016-2020.
Global Sukuk Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. To calculate the market size, the report considers the total revenue generated from the sukuk issuance primarily in the emerging markets such as Southeast Asia, Middle East, and rest of the world.
One of the key trends for market growth will be expansion of employment opportunities and technical expertise. Outsourcing and white labelling activities have emerged in significant volumes in this market. Islamic finance market players should consistently formulate different solutions and strategies in the interest of gaining greater efficiency and shorter time to market. Most of the mature and developing Islamic markets are facing shortages in technical expertise in terms of product innovation and in driving sales. Consequently, potential markets (such as GCC and APAC) are striving to obtain technical expertise that can spur innovation in Islamic finance products. Therefore, the market offers significant opportunity for active and experienced Islamic players that can leverage competitive strengths in new markets and can become either an outsourcing partner or white labelling provider.
According to the report, increasing market prospects will be a key driver for market growth. Islamic products have low market penetration in the current market scenario. We expect top vendors in the market to start providing different Islamic products and this should enhance their growth strategies. The Sukuk market is one of the most significant investment avenues and is also a key supporting factor that may power high growth in the Islamic finance industry. The issuance of Sukuk with longer tenures should match investments and risk management needs with long-term liability, and this marriage may boost growth of investment-linked products.
Further, the report states that different interpretation of Shariah laws will be a challenge for the market. The development of Islamic finance products has taken root in two key geographical areas: Southeast Asian countries and the Middle East. This has spurred developments in two different directions. The Middle East applies stricter interpretations of Shariah laws than Southeast Asian countries; for instance, Malaysia operates more flexible interpretations of the Quran than other nations, but we have to bear in mind that the Shia and Sunni denominations subscribe to different interpretations of the Quran.
- Abu Dhabi Islamic Bank
- Al Baraka Bank
- Al Rajhi Bank
- Dubai Islamic Bank PJSC
- Kuwait Finance House
- Maybank Islamic Berhad
- Qatar International Islamic Bank
Other prominent vendors
- Bank Mandiri
- PT. Asuransi Jiwa BRINGIN JIWA SEJAHTERA
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Geographical segmentation
Part 07: Market drivers
Part 08: Impact of drivers
Part 09: Market challenges
Part 10: Impact of drivers and challenges
Part 11: Market trends
Part 12: Vendor landscape
Part 13: Competitive landscape
Part 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/w7w4kx/global_sukuk
Related Topics: Islamic Finance