Similar with the performance of Islamic banking sector, the global Sukuk market also experience a slowdown after reached record years for global Sukuk issuances in 2012 and 2013. In 2014 the Sukuk market slowed down to 2  just over USD100 billion issuances, and the downward trend continue to 2015 where the issuance slides 43% to just around USD60 billion. 8.
The development of Islamic commercial finance in Indonesia has similar down trend as the development of global Islamic commercial, especially in 2012-2015, where the growth of Islamic banking reached its lowest of 8.8% annually in 2015, compare to 9.2% annually of its conventional counterpart.