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| 10 October, 2018

Kuwait central bank to consider liquidity in Islamic banks

he Central Bank of Kuwait will also discuss the standards issued by the International Islamic Financial Market

Image used for illustrative purpose
Kuwait Central Bank employees walk outside the bank in Kuwait City.

Image used for illustrative purpose Kuwait Central Bank employees walk outside the bank in Kuwait City.

REUTERS/Stephanie McGehee

Kuwait - The Central Bank of Kuwait (CBK) will organize a workshop on Wednesday with the International Islamic Financial Market to consider the liquidity crisis in Islamic banks in addition to finding new investment alternatives, according to an official statement.

Kuwait’s central bank said that this workshop comes as part of the social responsibility of the bank to enhance financial stability in the local market as well as developing national abilities in both economic and financial fields.

The central bank will also discuss the standards issued by the International Islamic Financial Market.

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The sukuk market will be considered in the workshop; the central bank will discuss the market’s direction, development, and challenges based on both legal and Islamic laws, the governor of the CBK Mohammad Al Hashel said.

The International Islamic Financial Market was founded in April 2002 in Bahrain, with the goal of offering what Islamic banks need in terms of liquidity and Islamic banking products. 

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