Infrastructure Financing through Islamic
Finance in the Islamic Countries
61
Chart 3.13: Total Number of Sukuk and Value of Sukuk Outstanding (USD billion)
Source: ICD & TR (2017)
Chart 3.14 shows the distribution of the different sectors that issued sukuk. While the majority
of sukuk (56.86%) is sovereign, the remaining sukuk were issued by different sectors of the
economy. The sukuk issuance by the infrastructure sectors (infrastructure, power and utilities,
transportation, and telecommunications) was 11.57% of the total. While part of the sukuk
issued by the government is likely to be used to finance infrastructure projects, the use of
sukuk to raise funds for infrastructure sectors by non-government entities is still relatively
small.
Chart 3.14: Sukuk Issuances by Sector (%)
Source: IFSB (2018)
206.8
111.1
13.5 7.8 2.1 1.7 1.4 0.3
2,029
194
51 44 3 87 26 3 -
500
1,000
1,500
2,000
2,500
0
50
100
150
200
250
No. of Sukuk USD (billion)
Sukuk Outstanding (USD billion) No. of Sukuk Outstanding
56.86
18.07
6.32
5.21
4.29
4.25
1.9
1.13
1.97
Government Financial services Real estate
Oil and gas Power and utilities Infrastructure
Transportation Telecommunications Others