Global sukuk market: analysis of the current state and development features
The aim of this research is to study the current state and development features of the global sukuk market in the context of national markets included in its composition. The largest sukuk markets located in Malaysia, Indonesia, Iran, Saudi Arabia, United Arab Emirates, Turkey and Qatar were identif...
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| Format: | Article |
| Language: | English |
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Peoples’ Friendship University of Russia (RUDN University)
2025-08-01
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| Series: | RUDN Journal of Economics |
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| Online Access: | https://journals.rudn.ru/economics/article/viewFile/45442/25206 |
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| _version_ | 1849237401250037760 |
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| author | Alexandra P. Chigrinskaya |
| author_facet | Alexandra P. Chigrinskaya |
| author_sort | Alexandra P. Chigrinskaya |
| collection | DOAJ |
| description | The aim of this research is to study the current state and development features of the global sukuk market in the context of national markets included in its composition. The largest sukuk markets located in Malaysia, Indonesia, Iran, Saudi Arabia, United Arab Emirates, Turkey and Qatar were identified in order to delimit the research area for a more in-depth analysis. The markets of the specified countries were examined from the perspective of the sukuk terms, the currency of the denomination, types of issuers (both by industry and by sector (sovereign and corporate)), trading platforms they are circulated on. The analysis allowed us to conclude that according to different criteria, a list of leaders and outsiders is distinguished and these lists do not coincide. At the same time, there were countries whose situation with sukuk was radically different from the main group of countries during the analysis for each criterion. The information agency Cbonds was the main source of countries statistical information for calculations. |
| format | Article |
| id | doaj-art-34ccddb4b9ca47a2a87ff808a8e37daa |
| institution | Kabale University |
| issn | 2313-2329 2408-8986 |
| language | English |
| publishDate | 2025-08-01 |
| publisher | Peoples’ Friendship University of Russia (RUDN University) |
| record_format | Article |
| series | RUDN Journal of Economics |
| spelling | doaj-art-34ccddb4b9ca47a2a87ff808a8e37daa2025-08-20T04:01:58ZengPeoples’ Friendship University of Russia (RUDN University)RUDN Journal of Economics2313-23292408-89862025-08-0133225826910.22363/2313-2329-2025-33-2-258-26921101Global sukuk market: analysis of the current state and development featuresAlexandra P. Chigrinskaya0https://orcid.org/0009-0000-4953-7691Financial University under the Government of the Russian FederationThe aim of this research is to study the current state and development features of the global sukuk market in the context of national markets included in its composition. The largest sukuk markets located in Malaysia, Indonesia, Iran, Saudi Arabia, United Arab Emirates, Turkey and Qatar were identified in order to delimit the research area for a more in-depth analysis. The markets of the specified countries were examined from the perspective of the sukuk terms, the currency of the denomination, types of issuers (both by industry and by sector (sovereign and corporate)), trading platforms they are circulated on. The analysis allowed us to conclude that according to different criteria, a list of leaders and outsiders is distinguished and these lists do not coincide. At the same time, there were countries whose situation with sukuk was radically different from the main group of countries during the analysis for each criterion. The information agency Cbonds was the main source of countries statistical information for calculations.https://journals.rudn.ru/economics/article/viewFile/45442/25206sovereign securitiescorporate securitiesmalaysiaindonesiairansaudi arabiauaeturkeypersian gulf countriessoutheast asian countries |
| spellingShingle | Alexandra P. Chigrinskaya Global sukuk market: analysis of the current state and development features RUDN Journal of Economics sovereign securities corporate securities malaysia indonesia iran saudi arabia uae turkey persian gulf countries southeast asian countries |
| title | Global sukuk market: analysis of the current state and development features |
| title_full | Global sukuk market: analysis of the current state and development features |
| title_fullStr | Global sukuk market: analysis of the current state and development features |
| title_full_unstemmed | Global sukuk market: analysis of the current state and development features |
| title_short | Global sukuk market: analysis of the current state and development features |
| title_sort | global sukuk market analysis of the current state and development features |
| topic | sovereign securities corporate securities malaysia indonesia iran saudi arabia uae turkey persian gulf countries southeast asian countries |
| url | https://journals.rudn.ru/economics/article/viewFile/45442/25206 |
| work_keys_str_mv | AT alexandrapchigrinskaya globalsukukmarketanalysisofthecurrentstateanddevelopmentfeatures |