KFH holds seminar on sukuk at KU
KUWAIT: Kuwait Finance House (KFH) held a seminar on ‘Introduction to Sukuk’ for the students of Kuwait University’s College of Business Administration. 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 Money Market at KFH, Mohammad Al-Duwailah spoke about the importance of sukuk and the introduction 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.