Importance of Sukuk (Islamic Bond) Urilization during the COVID-19 Pandemic

Purpose – The purpose of this paper the analyzing and standardizing of Sukuk utilization in non-major economies to avoid restrictions from local content rules, which are non-tariff barriers to trade. Design/Methodology/Approach – Due to Sharia (Islamic law) jargon and language barriers, it is impossible to design and analyze Islamic bond products directly according to the Quran. This author indirectly analyzed and standardized Sukuk financial products from several leading Islamic finance-related security markets. Findings – This research analyzed and standardized Sukuk utilization in non-major economies, such as Bahrain, Bangladesh, Brunei, Egypt, Gambia, Indonesia, Kazakhstan, Kuwait, Pakistan, Qatar, Saudi Arabia, Singapore, Somalia, Turkey, and the United Arab Emirates.Research Implications – This research suggests policy officials and market participants set policy for the post-China market, such as The New Southern Policy and Yoon Suk-yeol administration’s new ASEAN policy