Sukuk in the First Decade: By the Numbers

Abstract

This article presents research on all sukuk issuances from inception of the sukuk markets (pre-2001) to November of 2008 in terms of US dollar volume and number of issuances. It presents an analysis of those issuances by industry, structural type, structural type in each year, and tenor, among other classifications, in various combinations.

Keywords: Shariah, sukuk, bonds, Islamic finance, Islamic capital markets, mudaraba, musharaka, ijara, murabaha, salam, istisna'a, lease, partnership, sales

JEL Classification: E20, E22, E44, F00, F23, F30, F34, G15, G24, G31, H81, H87, K00, K22, K23, K33