Table 4.17: Recommendations to Improve Supply (Sell Side) – Medium-Term Solutions

136

Table 4.18: Turkey’s Participation Banks (as at end-June 2017)

138

Table 4.19: Timeline of the Development of Turkey’s Islamic Finance Industry

139

Table 4.20: Turkey’s Budget Deficits (2014-2017f)

142

Table 4.21: Turkey's Public Sector Sukuk Issuances

143

Table 4.22: Turkish Private Sector’s Sukuk Issuance by Type of Shariah Structure

144

Table 4.23: Number of Lease Certificates Issued by Corporates (2010-August 2017)

146

Table 4.24: A Snapshot of Benchmark Corporate Sukuk Issuances in Turkey

148

Table 4.25: Recommendations to Improve Demand (Buy Side) – Medium-Term Solutions

154

Table 4.26: Recommendations to Improve Supply (Sell Side) – Medium-Term Solutions

155

Table 4.27: Market Capitalization of the World’s Top Stock Exchanges

159

Table 4.28: Hong Kong’s Financial Position in Selected Areas

160

Table 4.29: Timeline of the Development of Hong Kong’s ICM/Sukuk Market

160

Table 4.30: Overview of Hong Kong Government’s Sukuk Issuances

162

Table 4.31: Recommendations to Improve Demand (Buy Side) – Medium-Term Solutions

167

Table 4.32: Recommendations to Improve Supply (Sell Side) – Medium-Term Solutions

168

Table 4.33: Overview of Nigeria’s Government Sukuk Issuances

172

Table 4.34: Timeline of the Development of Nigeria’s ICM/Sukuk Market

173

Table 4.35: Size and Composition of Nigeria’s Domestic Bond Market (2015-2016)

176

Table 4.36: Investors of FGN Bonds Allotted in 2016

178

Table 4.37: Recommendations to Improve Supply (Sell Side) – Medium-Term Solutions

180

Table 4.38: Recommendations to Improve Demand (Buy Side) – Medium-Term Solutions

181

Table 4.39: Recommendations to Improve Infrastructure – Medium-Term Solutions

181

Table 5.1: Components of a Comprehensive Framework for Developing Sukuk Markets

184

Table 5.2: Key Issues and Recommendations by Stage of Sukuk Market Development

186

Table 6.1: Key Components of a Comprehensive Framework to Develop a Sukuk Market

190

Table 6.2: Key Issues and Challenges of Sukuk Markets – Sukuk Structures

191

Table 6.3: Key Issues and Challenges of Sukuk Markets – Supply Side

192

Table 6.4: Key Issues and Challenges of Sukuk Markets – Demand Side

194