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The value of assets outstanding of sukuk in South-East Asia amounted to billion U.S. dollars in 2022. In that year, the total value of sukuk assets worldwide was over billion U.S. dollars.

Islamic financial product

Sukuks are a financial product in accordance to Sharia law. It is a financial certificate comparable to a bond which allows the issuer to sell those sukuks to investors in order to purchase an asset of which investors have a partial ownership. The sukuk issuer is contractually bound to buy back those sukuks at a future date as per the value. The main difference between a sukuk and a conventional bond is the abstention from accumulating interest. Malaysia is the leading issuer of sukuk outstanding assets worth about *** billion U.S. dollars, followed by Saudi Arabia and Indonesia.

Sukuk categories

The value of sovereign issued sukuks amounted to ** billion U.S. dollars, while the value of corporate issued bonds totaled only **** billion U.S. dollars. Besides governments and financial institutes, the utility and the industrial sector are main issuers of sukuk bonds.