KFH holds work­shop at GUST

Kuwait Times - - LOCAL -

Kuwait Fi­nance House (KFH) held a work­shop on “Prac­ti­cal Ap­pli­ca­tions of Sukuk in the Fi­nan­cial Mar­kets” for the stu­dents of Gulf Univer­sity for Sci­ence and Tech­nol­ogy (GUST) in co­or­di­na­tion with the Is­lamic Fi­nance club at the univer­sity. This comes as part of KFH’s so­cial re­spon­si­bil­ity and ef­forts to en­rich the ed­u­ca­tional ex­pe­ri­ence of the stu­dents and spread the aware­ness of Is­lamic fi­nance, whilst high­light­ing the bank’s pi­o­neer­ing role in the global econ­omy. Pre­sent­ing the sem­i­nar, Ex­ec­u­tive Man­ager Cap­i­tal Mar­ket at KFH, Mo­ham­mad Al-Duwailah spoke about the im­por­tance of sukuk and the prac­ti­cal ap­pli­ca­tions of this in­stru­ment in the global mar­kets. He il­lus­trated the types and struc­tures of sukuk from an in­vest­ment per­spec­tive, in ad­di­tion to the sim­i­lar­i­ties and dif­fer­ences be­tween sukuk and bonds.

He also ex­plained the pri­mary and sec­ondary sukuk. He ex­plained the rea­sons for growth in the sukuk mar­kets as sukuk are an al­ter­na­tive to the con­ven­tional fixed in­come se­cu­ri­ties, and most Is­lamic coun­tries are con­sid­ered as emerg­ing economies and have sig­nif­i­cant eco­nomic growth, which has a pos­i­tive im­pact on the sukuk as an in­stru­ment. Also, the wide­spread knowl­edge about the Is­lamic econ­omy and the use of its tools in the world con­trib­uted in boost­ing the sukuk. Fur­ther, many con­ven­tional or­ga­ni­za­tions and gov­ern­ments are turning to­wards sukuk in or­der to open new doors for fi­nanc­ing rea­sons. It is worth not­ing that the work­shop wit­nessed at­ten­dance of large num­ber of stu­dents, the univer­sity staff and a num­ber of prac­ti­tion­ers and in­ter­ested peo­ple from out­side the univer­sity.

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