KFH records $16.6bn sukuk in 2017

KFH records $16.6bn sukuk in 2017
Sukuk is considered a key financing tool by governments and corporates
KFIN KFH 0.00% 524.00 0.00

Mubasher: Kuwait Finance House (KFH) achieved a growth of 45% in the sukuk market at a value reaching $16.6 billion in 2017, according to the bank’s report on Sunday.

KFH has acquired a controlling stake in the secondary sukuk market, head of treasury, Abdulwahab Isa Alrushood, said.

He added that these trading transactions will boost liquidity and endorse Islamic financial markets.

Sukuk is considered a key financing tool by governments and corporates to provide essential funding for their projects, Alrushood added.

He noted that the International Islamic Liquidity Management Corporation (IILM) recently ranked KFH the first sukuk leader in 2017, with 30% among other ten banks.

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Source: Mubasher

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