Improving Public Debt Management
In the OIC Member Countries
63
Figure 3-18: Global Sukuk Issuances and Outstanding
Source: IIFM (2016), illustration by the Ifo Institute.Figure 319 shows sovereign issuances by jurisdiction in 2015. Malaysia accounts for 57.6% of
the sovereign sukuk volume, followed by Indonesia (17.5%), Bahrain (5.6%), the United Arab
Emirates (4.6%), Saudi Arabia (3.8%) and Turkey (3.1%). These countries also account for the
largest shares of total outstanding sukuk (see Figure 320).
0
20
40
60
80
100
120
140
Billion U.S. dollars
20022003200420052006200720082009201020112012201320142015
Global Sukuk Issuance
International Domestic
0
50
100
150
200
250
300
350
Billion U.S. dollars
2003200420052006200720082009201020112012201320142015
Global Sukuk Outstanding
International Domestic
0
20
40
60
80
100
120
140
Billion U.S. dollars
20022003200420052006200720082009201020112012201320142015
Issuance by Issuer
Sovereign
Quasi-Sovereign
Corporate
0
50
100
150
200
250
300
350
Billion U.S. dollars
Total Domestic International
Outstanding by Issuer
Sovereign
Quasi-Sovereign
Coporate