Sukuk to remain mostly investment-grade, US Dollar-denominated

The global sukuk market remains robust, says Fitch Ratings in a new report. About 80% of Fitch-rated sukuk are investment grade, and there have been no defaults, rising stars or fallen angels so far in 2025. Fitch rates over 275 sukuk and 98 programmes, representing nearly three quarters of the outstanding global US dollar sukuk market.