Egypt accounts for 48% of Africa’s $7B sukuk market as of August: Fitch

Egypt accounted for 48% of Africa’s outstanding sukuk as of August 2026, leading a continental market valued at more than $7 billion, according to a report by Fitch Ratings.

Nigeria held the second-largest share at 26%, followed by South Africa at 15% and Benin at 7%.

The value of outstanding African sukuk increased by approximately…