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The Sukuk market is the fastest growing segment of international finance. The study explores the dimension of this market, its growth globally and the main Sukuk markets. The liquidity in this market, the main currency denomination, the subscription diversification, the subprime crisis effects and the dominant structures are elaborated. The difference between sovereign and corporate Sukuk, the benefits and reasons behind Sukuk issuance as well as the Shari'ah basis are analysed. Securitisation as the best way forward for Sukuk structuring is scrutinized. The study also discusses the various legal, Shari'ah, financial and operational risks facing Sukuk as well as the default controversies. Finally the book examines the methodologies in rating Sukuk and highlights the issues of Sukuk listing, Sukuk index and Sukuk fund.