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National and Global Islamic Financial Architecture:

Prolems and Possible Solutions for the OIC Member Countries

41

Chart 2.28 shows the distribution of new sukuk among issuers for 2015. A total of USD 60.7

billion worth of sukuk (USD 39.8 billion domestic and USD20.9 billion international) were

issued in 2015. The sovereigns issued sukuk valued at USD 27 billion (USD 23.2 billion

domestic and USD3.8 billion international) during the year followed by the corporate sector

which issued a total of USD22.9 billion (USD 14.9 billion domestic and USD8 billion

international). Compared to the previous years, the sovereign appears to have become the

dominant issuer during 2015.

Chart

2.28: Global Sukuk Issuance 2015 (USD, bn.)

Source: Calculated from IIFM Sukuk Report 2016

Chart

2.29: Modes of Financing of Sukuk Issues 2015

Source: Calculated from IIFM Sukuk Report 2016

60,7

22,9

27,0

10,8

39,8

14,9

23,2

1,8

20,9

8,0

3,8

9,1

0

10

20

30

40

50

60

70

Total

Corporate

Sovereign

Quasi-Sovereign

USD (bn.)

Global Sukuk Domestic Sukuk International Sukuk

25,2

1,1

8,6

3,4

2,8

16,0

3,6

24,7

1,1

5,6

1,7

2,8

2,9

1,1

0,5

3,0

1,8

13,1

2,5

0

5

10

15

20

25

30

Murabahah Salam Ijarah Mudarabah Musharakah Wakala

Hybrid

USD (bn.)

Global Sukuk Domestic Sukuk International Sukuk