It is common to read about the Islamic Finance industry worth over £3 trillion USD, with Islamic banking having the lion’s share of the market; According to Refinitiv Islamic finance data, the banking sector still has share of 70 percent of Islamic finance assets. Sukuk is the second largest contributor to Islamic finance assets with 19 percent, with the Sukuk market exceeding expectations in Q1 2022, with over $51.6bn of issuances in the first quarter of the year, registering a growth of 19.2 percent compared with Q1 2021 of $43.3bn. According to Islamic Finance Development Indicator (IFDI)’s model projection, the global industry will hit $4.94trn by 2025.