KFH joins GBSA

16/05/2017 05:42 AST

Kuwait Finance House (KFH) has announced that it has joined as a member of The Gulf Bond and Sukuk Association (GBSA). KFH is the first and leading Sharia compliant bank in Kuwait and will be the first fully Islamic Financial institution in Kuwait to join GBSA as an active member of GBSA's Kuwait Chapter.

As a member of GBSA's leadership community, KFH-Group intends to engage with the regulatory and investment communities to further advance the Sukuk market. KFH has a long track record of achievements in the Sukuk market as it is keen on supporting Sukuk markets in this region and beyond to help sovereigns and corporates access capital markets and diversify their sources of funding.

KFH-Group has expanded its investment in Sukuk and trading in the primary and secondary markets. Being a very active market maker, the group has achieved total Sukuk trading in the secondary Sukuk market amounting $11.4 Billion in the year 2016.

GBSA President Michael Grifferty said, "GBSA is delighted to welcome KFH as a key member." He continued, "Our market building initiatives will be strengthened by harnessing KFH's unsurpassed credentials as a global leader in Sukuk and Islamic finance".

Arab Times