Sukuk investments require investors and issuers to adhere to subtle moral and ethical standards beyond following mere profit maximization objectives. Investor trust manifested through the level of societal trust could be vital in the global Sukuk investment surge. This study investigates the relationship between the societal trust level and Sukuk activity. It employs a global sample of Sukuk issuances spanning over 2001–2019 and finds that a country’s societal trust level significantly and positively influences the amount of Sukuk issued. Moreover, this positive effect supersedes the negative effects of higher information asymmetry associated with equity-based Sukuk or Sukuk issued by risky firms. Ultimately, trust is both a deterrent and critical for Islamic finance success.

回教债券投资要求投资者和发行人遵守微妙的道德和道德标准，而不仅仅是遵循利润最大化目标。通过社会信任水平体现的投资者信任在全球回教债券投资激增中可能至关重要。本研究调查了社会信任水平与伊斯兰债券活动之间的关系。它采用了 2001 年至 2019 年的全球回教债券发行样本，发现一个国家的社会信任水平对回教债券的发行量有显着的积极影响。此外，这种积极影响取代了与风险公司发行的基于股票的伊斯兰债券或伊斯兰债券相关的更高信息不对称的负面影响。归根结底，信任对伊斯兰金融的成功既具有威慑力又至关重要。