IslamicFinance.de

In the last few years, the growth in Sukuk market has been subdued. Sukuk market is mainly led by Malaysia now. It is important to have stable growth in the Middle East for the global Sukuk issuance to grow. The development infrastructure related to meeting sustainable development goals needs to be prioritized. Sukuk can be used to provide necessary funding which is required to purchase tangible fixed assets, technological infrastructure and real estate. Sukuk can also help in developing infrastructure in Africa to meet the existing infrastructure deficit. Agriculture remains the mainstay in economic structures of many African economies. Thus, Sukuk can be used in financing new technologies and modernizing agriculture.