In Saudi Arabia, where the use of AAOIFI standards is voluntary but nonetheless a benchmark for best practice, the implementation and adoption of Standard 62 would have the potential to reshape the Sukuk market. This is particularly relevant to Saudi Arabia’s Vision 2030, which seeks to diversify the economy, in part through the issuance of Sukuk, and establish Saudi Arabia as a leader in global Islamic finance.

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This article was first published in IFN Special Reports dated the 6th February 2026.