IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v8y2024i12p4014-4023.html
   My bibliography  Save this article

Bridging the Gap: Investigating Untapped Markets for Sukuk Issuance and Growth Opportunities

Author

Listed:
  • Shahsuzan Zakaria

    (Faculty of Business and Management, Universiti Teknologi MARA, Selangor, Malaysia)

  • Amirul Afif Muhamat

    (Faculty of Business and Management, Universiti Teknologi MARA, Selangor, Malaysia)

  • Hamdi Ben-Nasr

    (Ministry of Finance, Republic of Indonesia)

  • Nana Riana

    (Department of Finance and Economics, College of Business and Economics, Qatar University, Qatar)

  • Muhammad Naeem

    (Faculty of Management Sciences, Foundation University Islamabad, Pakistan)

Abstract

Sukuk has emerged as a vital instrument in Islamic finance, providing Shariah-compliant funding mechanisms for infrastructure development, ethical investments, and financial inclusion. Despite its global success, sukuk issuance remains concentrated in specific regions and sectors, leaving untapped markets unexplored. This paper conceptualizes the barriers and opportunities for sukuk issuance in emerging markets. It proposes a framework linking economic, regulatory, and social factors to sukuk market development, identifying actionable strategies for policymakers, issuers, and investors. By addressing these gaps, this study enhances sukuk’s role in fostering inclusive financial development globally.

Suggested Citation

  • Shahsuzan Zakaria & Amirul Afif Muhamat & Hamdi Ben-Nasr & Nana Riana & Muhammad Naeem, 2024. "Bridging the Gap: Investigating Untapped Markets for Sukuk Issuance and Growth Opportunities," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(12), pages 4014-4023, December.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:12:p:4014-4023
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-8-issue-12/4014-4023.pdf
    Download Restriction: no
    File URL: https://rsisinternational.org/journals/ijriss/articles/bridging-the-gap-investigating-untapped-markets-for-sukuk-issuance-and-growth-opportunities/
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:8:y:2024:i:12:p:4014-4023. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.