Al-Roshood added that KFH had contributed significantly to the secondary market deals of short-term sukuk by International Islamic Liquidity Management (IILM), contributing significantly to the increase of liquidity and support of Islamic financial markets.
According to Al-Roshood, sukuk can be considered a powerful low risk investment finance tool. Sukuk are instruments of high liquidity active in the secondary market, providing flexibility and good returns, he said.
He highlighted that sukuk contribute significantly to financing income-generating projects, boosting economic growth. Several countries worldwide, including Kuwait, are considering issuing sovereign sukuk to bridge deficits in their budgets resulting from the drop in oil prices.
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Read the Suroor Asia blog post about the IILM's primary partners