As of the end of the third quarter of 2024, the Irish Stock Exchange (Euronext Dublin) accounted for 38% of the global sukuk market, down from 41% a year earlier, according to Fitch Ratings. The exchange has listed approximately $90 billion in hard-currency sukuk, marking a 5.2% year-on-year increase. Despite favorable regulatory conditions, the Islamic finance sector in Ireland remains limited due to a small Muslim population and a lack of fully-fledged Islamic banks. The listed sukuk on Euronext are primarily dominated by issuers from the UAE, Turkiye, and Saudi Arabia, with a significant preference for US dollar-denominated securities.
