BAKU, Azerbaijan, June 18. The volume of the
global sukuk market could reach $1.8 trillion by 2030, Adnan
Zaylani Zahid, Deputy Governor of the Central Bank of Malaysia,
stated within the framework of the 14th Private Sector Forum of the
Islamic Development Bank Group, Trend's correspondent reports from the
event.


According to him, over the past two decades, the global sukuk
market has transformed from a niche segment of Islamic finance into
a fully-fledged global asset class and an instrument for long-term
financing.


"What began as a niche segment of Islamic finance has today
evolved into a global asset class, an instrument for ensuring
liquidity and long-term financing for economies around the world.
The aggregate volume of the global sukuk market already exceeds $1
trillion. The global sukuk market now exceeds 1 trillion dollars in
terms of outstanding instruments, increasing nearly five-fold
compared to the indicators from a decade ago. It is expected that
by 2030, this figure will reach $1.8 trillion," he stated.


The Deputy Governor of the Central Bank of Malaysia noted that
the global economy's needs for infrastructure investments require
new approaches to capital mobilization.


"Public financing is no longer sufficient, especially against
the backdrop of the global infrastructure financing deficit, which
is estimated at $15 trillion by 2040. Islamic financial instruments
possess high potential for financing long-term infrastructure
projects. Islamic financial instruments, particularly sukuk,
provide a solid foundation for more sustainable and stable economic
growth," he said.







According to him, sukuk have already played an important role in
the development of key infrastructure in various countries around
the world.


Zahid noted that sukuk are used to finance renewable energy
facilities, logistics supply chains, digital communication
networks, as well as transport infrastructure, including railway
and urban transport systems.


He informed that in Malaysia, more than $34 billion of
investments in the real sector of the economy were financed through
sukuk in 2025.


The volume of outstanding sustainable and ESG-linked sukuk as of
the end of 2025 is estimated at approximately $70 billion,
reflecting the growing direction of capital into environmental and
socially significant projects.