Egypt holds nearly half of Africa’s $7bn sukuk market, Fitch says

RIYADH: Egypt accounts for 48 percent of Africa’s outstanding sukuk, making it the continent’s largest market, as regulatory reforms and closer economic ties with the Gulf Cooperation Council support growth, according to Fitch Ratings. In its latest report, the credit rating agency said African sukuk crossed $7 billion outstanding in August, up 16 percent year on year.

  News   Aug 19, 2026   0   17  Add to Reading List
Egypt holds nearly half of Africa’s $7bn sukuk market, Fitch says












RIYADH: Egypt accounts for 48 percent of Africa’s outstanding sukuk, making it the continent’s largest market, as regulatory reforms and closer economic ties with the Gulf Cooperation Council support growth, according to Fitch Ratings. In its latest report, the credit rating agency said African sukuk crossed $7 billion outstanding in August, up 16 percent year on year.
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