Mubasher: Kuwait Finance House (KFH) will be one of the main sponsors during the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) event, the 17th Sharia Boards conference.
Set to be held in Bahrain on 7 and 8 April, the event will bring together several global financial industry experts, including the executive manager money market at KFH, Mohammad Al Duwailah, who will take part on the second day of the conference under the title “Sukuk Listing in Global Financial Markets and Compatibility of Listing Requirements with Sharia Structures”.
Discussions at AAOIFI will include main issues supporting and hindering growth in the Islamic financial sector, in addition to the development of the Islamic financial services, according to a recent press release.
Furthermore, the event will focus on the importance of regulatory requirements of mandatory adoption of Sharia standards by Islamic Financial Institutions (IFIs).
“The session will discuss several topics such as: Nature of global financial markets in which Sukuk are listed, Sukuk listing under respective category of financial securities on global financial markets, the effect of listing requirements in the global financial markets on the Sharia structures of Sukuk, and Basis of listing Sukuk in global financial markets given their own risk profile that sets them apart from conventional bonds,” according to the press release.
The Islamic financial industry, in the current time, has achieved significant growth and expansion in the Islamic world and across the globe, with KFH being keen on joining together with industry leaders and experts to discuss and adopt the right strategies for this next stage of growth, the press release added.