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.
Citation formats
Distribution of Sukuk issuance globally 2023, by structure
Almost one quarter of the total sukuk issuance globally in 2023 were structured as hybrid. "Murabahah" comprised the second-largest share of sukuk issuances at **** percent. Also referred to as cost-plus financing, this is a financial product where the buyer and seller agree on the cost and mark up of an asset, with the markup replacing interest payments (which are prohibited under Islamic law). The next most common structure was "Ijarah", accounting for around **** percent. This is a form of lease-purchase agreement, where rental payments for use of an asset take the place of interest payments.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how ÌÇÐÄÆƽâ°æ can support your business.
IFSB. (September 12, 2024). Distribution of total Sukuk issuance worldwide in 2023, by structure [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 20, 2026, from /statistics/1264368/distribution-sukuk-issuance-structure/
IFSB. "Distribution of total Sukuk issuance worldwide in 2023, by structure." Chart. September 12, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 20, 2026. /statistics/1264368/distribution-sukuk-issuance-structure/
IFSB. (2024). Distribution of total Sukuk issuance worldwide in 2023, by structure. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 20, 2026. /statistics/1264368/distribution-sukuk-issuance-structure/
IFSB. "Distribution of Total Sukuk Issuance Worldwide in 2023, by Structure." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 12 Sep 2024, /statistics/1264368/distribution-sukuk-issuance-structure/
IFSB, Distribution of total Sukuk issuance worldwide in 2023, by structure ÌÇÐÄÆƽâ°æ, /statistics/1264368/distribution-sukuk-issuance-structure/ (last visited July 20, 2026)
Distribution of total Sukuk issuance worldwide in 2023, by structure [Graph], IFSB, September 12, 2024. [Online]. Available: /statistics/1264368/distribution-sukuk-issuance-structure/
