The last century, the world experienced 25 economy crises. Usury system claimed to be the main elements of the crisis. In this case, the financial institution; bank or non-conventional bank become main cast. One of them is the capital market which provides a considerable contribution to the cashflow for the economy of a country. So, non-usurious system is needed in order to minimizing the crisis. Islamic economic system through Islamic financial institution is considered to be the solution and alternative for the investors who have excess capital to be invested in non-usurious system. One of the instrument in Islamic capital market is sukuk, which is currently competing with conventional products. This research was qualitative descriptive research which aimed to analyze how the opportunities and threats of sukuk in Indonesia. Then, the instrument analysis was SWOT analysis. Based on the analysis it was found that overview of the implementation strategy of sukuk in Indonesia still had substantial opportunities. Stakeholders were expected to synergize and have a good commitment in the context of minimizing the weaknesses and the threats.