Global sukuk issuance is expected to recover gradually in the second half of 2026 as Gulf Cooperation Council (GCC) issuers return to the market. Volumes are likely to range between $140 billion and $150 billion, according to a new analysis by Moody’s.
Issuance in the first half of 2026 rose 2 percent to about $130 billion, driven by an increase in short-term issuance and corporate activity. This helped offset declines in long-term issuance by sovereigns and financial institutions.
Moody’s noted that domestic markets in Malaysia and Saudi Arabia are increasingly important sources of supply, supporting longer-term growth in the Islamic finance sector.
