Outstanding global sukuk as at end 2022 maintained double digit growth (+11.2%) to USD751.6 billion, despite lower issuances during the year amid global tightening of monetary policy. Overall, the global sukuk issuance in 2022 was led by sovereign and quasi-sovereign issuers (60.4%). Malaysia continues to spearhead the international sukuk market, commanding 40.3% market share of global sukuk outstanding and 43.3% share of global sukuk issued in 2022. Majority of global corporate sukuk (69.6% of total corporate sukuk issued) were also issued in Malaysia. 

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