Sukuk are financial certificates that provide an investor with proportionate beneficial ownership of an asset, and returns based on this ownership. They are commonly referred to as Islamic bonds and have proven popular as an alternative source of funding. In 2014 the UK government issued its first sovereign Sukuk, followed by its second sovereign Sukuk in 2021.
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The market for Sukuk
Global trends in Islamic finance and the UK market 2019
TheCityUK publishes a regular Islamic finance research report which summarises global trends in Islamic finance, with particular reference to how the market - including the sukuk market - is developing in the UK. The most recent report was published in April 2019.
IIFM Annual Sukuk report 2021
An International Islamic Financial Market (IIFM) research report providing an overview of the global Sukuk market, with major 2020 issuances highlighted.
Islamic Finance News: IFN Annual Guide 2022
This annual IFN journal guide looks at overall markets for Islamic finance, with several individual country market reports and a review of the sukuk market during the past year.
Islamic Finance Outlook 2021
S&P Global Ratings research report predicting trends that will shape the industry's growth, with a focus on how the global sukuk market will fare.
Sustainable finance: Can Sukuk become a driver of solar and green energy growth?
A Deloitte 2019 renewable energy report examining the industry investment trends, regulatory policy, industry stakeholders, financing strategies and success stories behind Islamic financing strategy.
Debt, financing and sukuk
Video of an October 2013 presentation given by Roger Wedderburn-Day (Partner, Allen & Overy) as part of the LSE Department of Law's Islamic Finance Seminar Series. The presentation covers what debt financing is, how bond issues work, how this is relevant to sukuk, how sukuk work, interesting features of sukuk and the future of sukuk.
This site aims to provide free access to a comprehensive searchable database of issued sukuk bonds, as well as market news articles and a Who's Who directory of qualified industry professionals and firms.
Sukuk in focus: The necessity for global common practices
A 2018 industry whitepaper published by Deloitte’s Islamic Finance Knowledge Center (IFKC) in collaboration with the International Shari’ah Research Academy for Islamic Finance (ISRA). The report shares perspectives from industry experts on the need for better common practices within the global Sukuk market.
The UK's first Islamic bank sukuk issue
Article by Mohammed Amin (formerly a PwC Tax Partner) on the first sukuk issue by a UK based Islamic bank, which occurred in February 2018.
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