IIFM Sukuk Analysis
As of December 2009
Total Global Sukuk Issuance (Domestic & International)
Sovereign ,Quasi Sovereign & Corporate issues (All Currencies)
120000
$107,154
100000
Size in Million US $
80000
60000
$43,207
34997
40000
17897
20000
747 250
10605
8759
4730
5645
3318
2253
1380
241 750
13811
16252
17885
8700
2140
0
2001
2002
2003
2004
2005
2006
2007
2008
2009
Total
Year
Domestic
International
Source: Desktop research including daily news alert ,publications & information providers Jan 2001 – 31st December 2009
2
Total Global Sukuk Issuance
Jan 2001 – 31st December 2009
12%
Corporate 62%
26%
Sovereign 26%
62%
Quasi- Sovereign 12%
Source: Desktop research including daily news alert ,publications & information providers Jan 2001 – 31st December 2009
3
Structural Break-up of Total Global Sukuk Issuance
Jan 2001 – 31st December 2009
BBA 5%
2%
Hybrid Sukuk 1%
1%
5%
5%
Investment Sukuk 5%
5%
38%
12%
Islamic Exchangeable Bond 4%
Sukuk AlMurabahah 12%
Sukuk Al Musharakah 27%
5%
27%
Sukuk AlMudharabah 5%
Sukuk Al Ijarah
38 %
Salam Sukuk 2%
Source: Desktop research including daily news alert ,publications & information providers Jan 2001 – 31st December 2009
4
Total Global Sukuk Issuance Country Wise Breakdown (Domestic & International)
(All Currencies)
Jan 2001 – 31st December 2009
Year
2001
Bahrain
100
2002
2003
2004
2005
2006
2007
2008
2009 Total Issued
200
230
454
1,113
418
1,137
891
1,405
5,947
Kuwait
-
-
-
-
-
200
200
-
-
400
Saudi Arabia
-
-
500
415
500
800
5,683
1,874
2,576
12,348
Qatar
-
-
700
-
-
270
300
137
-
1,407
UAE
-
-
-
1,165
950
8,245
10,417
6,159
3,950
30,886
Pakistan
-
6
-
-
600
180
1,065
214
192
2,257
761
4,073
4,957
7,311
15,060
26,529
5,897
12,477
77,744
Malaysia
680
Indonesia
-
19
64
84
60
-
193
681
1,555
2,656
Brunei
-
-
-
-
-
580
222
31
107
940
Germany
-
-
-
123
-
-
-
-
-
123
UK
-
-
-
-
261
-
-
-
-
261
USA
-
-
-
-
-
167
-
-
500
667
5
543
700
1,283
1,872
2,427
2,509
3,221
12,744
-
-
-
-
710
635
-
500
1,845
33
-
-
-
-
-
-
-
102
135
997
991
6,110
7,898
12,077
28,502
48,808
18,392
26,584
150,360
Sudan
Cayman Islands
Singapore
Total
184
-
Source: Desktop research including daily news alert ,publications & information providers Jan 2001 – 31st December 2009
5
Total International Sukuk Issuance
Sovereign ,Quasi Sovereign & Corporate issues (Hard Currencies)
Jan 2001 – 31st December 2009
90000
80000
Size in Million US$
70000
60000
50000
43,207
40000
30000
20000
13,811
10,605
8,700
10000
250
750
1,380
2,253
3,318
2001
2002
2003
2004
2005
Year
2,140
0
2006
2007
2008
Source: Desktop research including daily news alert ,publications & information providers Jan 2001 – 31st December 2009
2009
Total
6
Total International Sukuk Issuance
Jan 2001 – 31st December 2009
18%
Corporate 50%
50%
Sovereign 32%
32%
Source: Desktop research including daily news alert ,publications & information providers Jan 2001 – 31st December 2009
Quasi- Sovereign 18%
7
Structural Break-up of International Sukuk Issuance
Jan 2001 – 31st December 2009
1%
1%
11%
2%
Sukuk Al Ijarah
14%
52 %
Sukuk Al Musharakah 18%
52%
Sukuk Al Murabahah
1%
Islamic Exchangeable Bond 14%
Sukuk Al Manfaa 2 %
1%
18%
Hybrid Sukuk
1%
Sukuk Al Mudharabah 11 %
Salam Sukuk
Source: Desktop research including daily news alert ,publications & information providers Jan 2001 – 31st December 2009
1%
8
Total Domestic Sukuk Issuance
Sovereign ,Quasi Sovereign & Corporate issues (Local Currencies)
Jan 2001 – 31st December 2009
107154
110000
100000
90000
80000
Size in Million US$
70000
60000
50000
34997
40000
30000
17897
20000
10000
747
241
2001
2002
4730
5645
2003
2004
16252
17885
2008
2009
8759
0
2005
Year
2006
2007
Source: Desktop research including daily news alert ,publications & information providers Jan 2001 – 31st December 2009
Total
9
Total Domestic Sukuk Issuance
Jan 2001 – 31st December 2009
9%
24%
Corporate 67%
67%
Sovereign 24%
Quasi- Sovereign 9%
Source: Desktop research including daily news alert ,publications & information providers Jan 2001 – 31st December 2009
10
Structural Break-up of Domestic Sukuk Issuance
Jan 2001 – 31st December 2009
1%
9%
1% 3%
Sukuk Al Ijarah
6%
34%
1%
34%
Sukuk Al Musharakah 31%
Sukuk Al Murabahah
14%
Islamic Exchangeable Bond 1%
14%
Hybrid Sukuk
1%
Sukuk Al Mudharabah 3%
Investment Sukuk 6%
31%
BBA
9%
Salam Sukuk
Source: Desktop research including daily news alert ,publications & information providers Jan 2001 – 31st December 2009
1%
11