24.11.2011 - Large scale Sukuks Kuwait developing legal framework to regulate Islamic finance
While Kuwait has to date played a relatively small role in the fast-growing global market for sukuks, or Islamic bonds, this could change, should lawmakers develop and implement a more robust legal framework to regulate the issuance of sharia-compliant debt, Global Arab Network reports according to OBG. In the meantime, however, two entities with strong ties to the country Kuwait-based Gulf Investment Corporation (GIC) and Kuveyt Turk participation bank, which is 62% owned by Kuwait Finance House (KFH) have in recent months raised funds by selling sukuks...............................................Full Article: Source
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