CORPORATE WINDOW: Developing infrastructure with Sukuk

Infrastructure development plays a pivotal role in driving economic growth, enhancing prosperity, and improving living standards. However, financing these projects poses a significant challenge, particularly in developing economies. Governments around the world are continuously searching for effective and sustainable funding mechanisms to support such large-scale initiatives. Sukuk, a Shariah-compliant financial instrument, has become an essential tool for financing infrastructure projects, providing substantial benefits to governments, investors, and society at large. According to S&P, global Sukuk issuance is projected to reach approximately $170 billion in 2024, compared to $168.4bn in 2023 and $179.4bn in 2022.