An essential driver for the sustainability of Sukuk markets is sovereign Sukuk. The prevailing mechanism for issuing sovereign Sukuk is complex and imposes severe limitations on the issuance of sovereign Sukuk. This paper presents an alternative model for a scalable and efficient framework of sovereign Sukuk. The key to this framework is the establishment of the “Sovereign Finance Corporation” as an entity dedicated to financing the government’s activities using fixed-income Islamic modes of financing. The SFC acts as a financial intermediary between the government and capital markets and as a reserve builder for future financing of the government. The cash flow analysis and numerical simulations suggest the promising feasibility of the proposed framework.