Sukuk Market Size, Share, Trends, Growth and Analysis to 2020

Technavio Announces the Publication of its Research Report Global Sukuk Market 2016-2020

Technavio recognizes the following companies as the key players in the global sukuk market: Abu Dhabi Islamic Bank, Al Baraka Bank, Al Rajhi Bank, Dubai Islamic Bank, HSBC, Kuwait Finance House, Maybank, Qatar International Islamic Bank and Samba.

Other Prominent Vendors in the market are: Bank Mandiri, and PT. Asuransi Jiwa BRINGIN JIWA SEJAHTERA.

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Commenting on the report, an analyst from Technavios team said: One of the key trends for market growth will be expansion of employment opportunities and technical expertise. Outsourcing and white labelling activities have emerged in significant volumes in this market. Islamic finance market players should consistently formulate different solutions and strategies in the interest of gaining greater efficiency and shorter time to market. Most of the mature and developing Islamic markets are facing shortages in technical expertise in terms of product innovation and in driving sales. Consequently, potential markets (such as GCC and APAC) are striving to obtain technical expertise that can spur innovation in Islamic finance products. Therefore, the market offers significant opportunity for active and experienced Islamic players that can leverage competitive strengths in new markets and can become either an outsourcing partner or white labelling provider.”

According to the report, increasing market prospects will be a key driver for market growth. Islamic products have low market penetration in the current market scenario. We expect top vendors in the market to start providing different Islamic products and this should enhance their growth strategies. The Sukuk market is one of the most significant investment avenues and is also a key supporting factor that may power high growth in the Islamic finance industry. The...