This statistic shows the total number of international sukuk issuances within Europe between January 2001 and December 2018. A sukuk is a financial certificate that complies with Islamic religious law. It has similarities to a bank bond in Western countries, with a difference being that sukuk relies on trust instead of debt. Due to compliance with the Sharia, Islamic finance aims to prioritize transparency, protection of investor's liabilities and certainty of outcome. Additionally, certain investments (such as in alcohol, gambling or pornography) are not allowed.
In recent years, some European countries have started to adopt Sharia-compliant banking to reach out to their Muslim communities. Luxembourg was the first European country to issue a sovereign sukuk on its own, due to the country's legal structures. In 2016, London was the leading center for Islamic finance in Western Europe. In comparison to Saudi Arabia, Malaysia, the United Arab Emirates, Kuwait, Qatar, Turkey, Indonesia, Bahrain and Pakistan it was still relatively small though.
Total number of international sukuk bond (Islamic finance) issuances in Europe between January 2001 and December 2018
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Number of issues
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International Islamic Financial Market. (August 7, 2019). Total number of international sukuk bond (Islamic finance) issuances in Europe between January 2001 and December 2018 [Graph]. In Statista. Retrieved July 24, 2024, from https://www.statista.com/statistics/958273/international-sukuk-islamic-finance-issuances-in-europe/
International Islamic Financial Market. "Total number of international sukuk bond (Islamic finance) issuances in Europe between January 2001 and December 2018." Chart. August 7, 2019. Statista. Accessed July 24, 2024. https://www.statista.com/statistics/958273/international-sukuk-islamic-finance-issuances-in-europe/
International Islamic Financial Market. (2019). Total number of international sukuk bond (Islamic finance) issuances in Europe between January 2001 and December 2018. Statista. Statista Inc.. Accessed: July 24, 2024. https://www.statista.com/statistics/958273/international-sukuk-islamic-finance-issuances-in-europe/
International Islamic Financial Market. "Total Number of International Sukuk Bond (Islamic Finance) Issuances in Europe between January 2001 and December 2018." Statista, Statista Inc., 7 Aug 2019, https://www.statista.com/statistics/958273/international-sukuk-islamic-finance-issuances-in-europe/
International Islamic Financial Market, Total number of international sukuk bond (Islamic finance) issuances in Europe between January 2001 and December 2018 Statista, https://www.statista.com/statistics/958273/international-sukuk-islamic-finance-issuances-in-europe/ (last visited July 24, 2024)
Total number of international sukuk bond (Islamic finance) issuances in Europe between January 2001 and December 2018 [Graph], International Islamic Financial Market, August 7, 2019. [Online]. Available: https://www.statista.com/statistics/958273/international-sukuk-islamic-finance-issuances-in-europe/