The document discusses the global Sukuk market, outlining advantages of Sukuk issuance for both issuers and investors. It notes that Sukuk allow diversification of funding sources and investment portfolios. The document also examines requirements for developing the Sukuk market, such as the need for sovereign and corporate issuers and secondary market liquidity. Finally, it explores future prospects, predicting growth in various types of Sukuk like project finance and mortgage-backed Sukuk as Islamic banks issue more debt. The challenges ahead are developing trading capabilities, selling Sukuk to retail investors, and international repo markets.