Abdul-Wahab Essa Al-Roshoud, GM — Treasury at Kuwait Finance House, has shared that Kuwait Finance House (KFH) volumes traded in the secondary sukuk market surpassed US$3 billion for the year 2014, adding that such volume is an outstanding achievement to be added to KFH performance as a prime dealer in Kuwait and a global sukuk market maker.
Al-Roshoud noted that KFH has contributed to the development of the secondary sukuk market for issuance of short term sukuk since it is a primary dealer in Kuwait for International Islamic Liquidity Management. Such deals have contributed significantly to the increase of liquidity and support of Islamic financial markets, he said.
Al-Roshoud also explained that sukuk are a powerful low-risk investment finance tool which contributes effectively to the process of encountering liquidity crises and also provide liquidity to infrastructure projects in GCC countries, Asia and Africa. Sukuk are instruments of high liquidity, with an active secondary market, flexibility and good returns. They are a significant investment outlet for banks and an effective tool to manage liquidity in accordance with Central Bank of Kuwait standard liquidity ratios and to increase shareholder profit.