Islamic Financial Services
From The Report: Kuwait 2018
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Over the course of 2017-18 Kuwait’s Islamic financial services (IFS) industry saw continued growth and ongoing development, shoring up the country’s long-standing reputation as a global centre for sharia-compliant banking, insurance and investment activities. Global IFS assets topped $2trn for the first time in 2017, with Kuwait accounting for 6% of these assets, having an estimated value of $123bn. A key area of potential growth is the sukuk (Islamic bond) market, which is widely expected to benefit from rising demand for sharia-compliant debt from the government and private entities. In addition, takaful (Islamic insurance) providers are also gaining a larger share of the Kuwaiti market. This chapter contains an interview with Mazin Saad Alnahedh, Group CEO, Kuwait Finance House.

Articles from this Chapter

Overview

Principled finance: Sharia-compliant products and services drive development of the wider financial sector
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Over the course of 2017-18 Kuwait’s Islamic financial services (IFS) industry saw continued growth and ongoing development, shoring up the country’s long-standing reputation as a global centre for sharia-compliant banking, insurance and investment activities. At the end of 2017 Kuwait was home to 6% of all sharia-compliant assets, according to the “IFS Industry Stability Report 2018” published by the Kuala Lumpur-based Islamic Financial Services Board (IFSB) in June 2018. Global IFS assets…

Interview

Finding solutions: Mazin Saad Alnahedh, Group CEO, Kuwait Finance House (KFH), on how Islamic banking can expand
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Interview :Mazin Saad Alnahedh Do you think that there is an absence of sharia-compliant liquidity management tools, and what solutions would you propose to this? MAZIN SAAD ALNAHEDH: Sharia-compliant banking has recently become a much more influential factor in the global financial sector, thanks to the creation of products and services that can compete with their conventional counterparts. KFH Group banks have continued their strong performance in accordance with the set plans and strategies…