GLOBAL: Turkiye saw the biggest rise in total valuation of Sukuk and Islamic fixed income funds – with IFN Investor Funds Database showing it almost doubling from US$1.93 billion to US$3.67 billion in the first half of 2025. This performance powered Europe to head regional growth, up 44.91% to US$5.86 billion – further supported by increased international investor participation through domiciles such as Ireland and Luxembourg.
The Americas followed with a 21.97% rise, albeit on a smaller base to US$602.52 million – reflecting renewed demand for Sukuk ETFs in the US. In the Asia-Pacific, AuM grew 4.61% to US$8.85 billion, anchored by Malaysia and Indonesia, while Africa gained 1.83% to US$166.88 million amid gradual growth in South Africa and Nigeria’s Sukuk markets.
The Middle East, traditionally the largest Sukuk base, declined 2.5% to US$7.1 billion on weaker issuance and portfolio adjustments in Saudi Arabia and Kuwait. Overall, the first half of 2025 saw stronger Sukuk fund growth outside the Gulf by rising 10.45% to US$22.6 billion – underscoring the global diversification of Shariah compliant fixed income investments.
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