Sovereign sukuk (Islamic bonds) are issued by governments for public sector financing, while corporate sukuk are issued by private companies for business-related funding.
The source indicates that Nigeria's sukuk offering was oversubscribed by 165 percent, surpassing the initial value. On the other hand, Egypt's sukuk offering saw an oversubscription rate of 400 percent.
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Value of sovereign sukuk issuances 2022-2023, by African country
As of 2023, Egypt's debut sukuk offering of *** billion U.S. dollars attracted an impressive *** percent oversubscription. In comparison, Nigeria's sovereign sukuk issuance of million U.S. dollars in 2022 was oversubscribed by *** percent.
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SalaamGateway.com. (April 17, 2024). Value of sovereign sukuk (Islamic bonds) issuances in Egypt and Nigeria in 2022 and 2023 (in million U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 04, 2026, from /statistics/1554279/value-of-sovereign-sukuk-issuances-by-african-country/
SalaamGateway.com. "Value of sovereign sukuk (Islamic bonds) issuances in Egypt and Nigeria in 2022 and 2023 (in million U.S. dollars)." Chart. April 17, 2024. ÌÇÐÄÆƽâ°æ. Accessed August 04, 2026. /statistics/1554279/value-of-sovereign-sukuk-issuances-by-african-country/
SalaamGateway.com. (2024). Value of sovereign sukuk (Islamic bonds) issuances in Egypt and Nigeria in 2022 and 2023 (in million U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 04, 2026. /statistics/1554279/value-of-sovereign-sukuk-issuances-by-african-country/
SalaamGateway.com. "Value of Sovereign Sukuk (Islamic Bonds) Issuances in Egypt and Nigeria in 2022 and 2023 (in Million U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 17 Apr 2024, /statistics/1554279/value-of-sovereign-sukuk-issuances-by-african-country/
SalaamGateway.com, Value of sovereign sukuk (Islamic bonds) issuances in Egypt and Nigeria in 2022 and 2023 (in million U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1554279/value-of-sovereign-sukuk-issuances-by-african-country/ (last visited August 04, 2026)
Value of sovereign sukuk (Islamic bonds) issuances in Egypt and Nigeria in 2022 and 2023 (in million U.S. dollars) [Graph], SalaamGateway.com, April 17, 2024. [Online]. Available: /statistics/1554279/value-of-sovereign-sukuk-issuances-by-african-country/
