Kuwait – Mubasher: Kuwait Finance House (KFH), the country’s biggest Islamic bank, said Sunday its Turkish arm, or KFH Turkey, would launch a second sukuk tranche this year to boost its capital and proceed with growth.

The sukuk issuance is among the options currently under study, said Mazin Al-Nahedh, KFH’s CEO, adding that the bank seeks to improve capital utilization as regards some assets that reflected positively on capital adequacy ratio.

KFH Turkey’s total assets amounted to approx. 39 billion Turkish liras ($13.2 billion), while its net profits for the first half of the current fiscal year reached 206 million liras, with 17.5% growth.