Al-Roshoud: KFH Achievements in the Sukuk Market Signifies Its Position as Global Market Maker

Kuwait, February 14, 2015: "Kuwait Finance House (KFH) volume traded in the secondary Sukuk market surpasses USD 3 Billion for the year 2014" said  Abdul-Wahab Essa Al-Roshoud, GM - Treasury at Kuwait Finance House. He indicated that such volume is yet another outstanding achievement to be added to KFH performance as a prime dealer in Kuwait and a global Sukuk market maker.

Al-Roshoud added, in a press release that the bank managed in 2014 to develop the secondary Sukuk market for issuance of short term Sukuk by International Islamic Liquidity Management, IILM on the global level since KFH was nominated "primary Dealer in Kuwait. He emphasized that these deals have contributed significantly to the increase of liquidity and support of Islamic Financial Markets. Sukuk boost Islamic finance, strengthen its pillars and highlight KFH role as a leadership in this market.

Al-Roshoud stated that Sukuk are the most significant and powerful low risk investment finance tool which contributes effectively to the process of encountering liquidity crises. Sukuk are characterized as instruments of high liquidity, active secondary market, flexibility and good returns. Sukuks play as a significant investment outlet for banks and an effective tool to manage liquidity in accordance with CBK standard liquidity ratios and increase shareholders profit.

Several governments' worldwide i.e. United Kingdom, Luxemburg, South Africa and Sharjah have issued Sovereignty Sukuk. Other countries such as Jordan and Tunisia have expressed their interest in issuing Sukuk as they contribute significantly in financing income generating and productive projects, thus activating economic growth.

Al-Roshoud reiterated that one of the main significant factors in Sukuk issuance is to provide liquidity to infrastructure projects in GCC countries, Asia and Africa. He highlighted that Sukuk have played a prime role in financing infrastructure projects including public and private sectors.

Kuwait Finance House (KFH)
KFH was established in Kuwait in 1977 and is enlisted in the Kuwait Stock Exchange. KFH Group is a global pioneer in the field of Islamic banking services, where it offers a wide array of Islamic products and services, not to mention a high standard of innovation and client service.

KFH manages its operations in the GCC, Asia, and Europe through over 380 branches, including KFH-Turkey, in order to offer services for the bank's clients in Turkey, Malaysia, Saudi Arabia, Bahrain, Australia, Jordan, Dubai, and Manheim in Germany.

KFH's mission is to achieve highest levels of excellence and innovation in the field of client service, while developing common interest for all those concerned with the financial institution. KFH's vision is to spearhead the global development in Islamic financial services, and to upgrade the bank into the level of becoming the most sustainable profitable Islamic bank in the world.

KFH's values include cementing leadership through all its businesses, including leadership in the Islamic banking services worldwide, through innovation and in client service and the development of its employees. In addition, KFH is committed to all its procedures, and to setting up long-life partnerships with the concerned authorities.

For more information, please visit: www.kfh.com

© Press Release 2015