A report prepared by Kuwait Finance House Research Ltd (KFHR) said on Friday that ‘sukuk’ (Islamic Sharia-compliant bonds) has witnessed a sharp increase of 300 percent since the start of this year reaching in total $40 billion.
The annual report by KFHR, a branch of Kuwait Finance House (KFH), said that last May of this year witnessed an increase in global sukuk, 22.4 percent when compared to April of last year, reaching $four billion.
The report added that last May sukuk worth in value $5.9 billion, while the total value of Sukuk since the start of this year has reached $40 billion.
KFH Research Ltd is the world’s first Islamic investment research arm to be established by an Islamic Bank.
A direct subsidiary of Kuwait Finance House, KFH Research was established in 2007, comprising of industry professionals and star research analysts with broad experience in Islamic finance global markets.
Based in Malaysia, KFH Research plays a crucial role in linking the Gulf Cooperation Council (GCC) countries with the rest of Asia and other emerging Islamic financial markets.
The research house produces a wide range of publications which covers an analysis of macroeconomic and sector trends, country-specific issues and trends, currency movements, commodities, developments in Islamic capital markets as well as sovereign and investment products.
source: Arab times