Islamic Financial Services
From The Report: Kuwait 2024
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Kuwait is one of the largest Islamic finance markets in the world, hosting five Islamic banks and one foreign Islamic bank, eight Islamic investment companies, one Islamic finance company and 14 takaful (Islamic insurance) companies. These segments have seen strong growth since the Covid-19 pandemic and have capitalised on the rapid global expansion of Islamic finance, with sharia-compliant banks growing faster than their conventional counterparts. While sukuk (Islamic bonds) have experienced growth around the world, especially in the green sukuk sector, Kuwait’s domestic market for them has been limited by legislative delays hindering the trading of such bonds on the country’s stock exchange.

This chapter contains an interview with Abdulwahab Iesa Al Rushood, Acting Group CEO of Kuwait Finance House.