Bank to participate in AAOIFI annual conference in Bahrain

KUWAIT: Kuwait Finance House Group (KFH-Group) is participating in the (AAOIFI) 17th Sharia Boards conference as a main sponsor. The conference will be held in the Kingdom of Bahrain on the 7th and 8th of this April. The event is set to bring together several global financial industry experts to address key issues supporting and hindering growth in the sector and the development of the Islamic financial services.

Discussions will also center on Importance of Regulatory Requirement of Mandatory Adoption of Sharia Standards by Islamic Financial Institutions (IFIs).

Executive Manager Money Market at KFH, Mohammad Al-Duwailah will participate in the 5th session to be held on the second day of the conference under the title "Sukuk Listing in Global Financial Markets and Compatibility of Listing Requirements with Sharia Structures".

The session will discuss several topics such as: Nature of global financial markets in which Sukuk are listed, Sukuk listing under respective category of financial securities on global financial markets, the effect of listing requirements in the global financial markets on the Sharia structures of Sukuk, and Basis of listing Sukuk in global financial markets given their own risk profile that sets them apart from conventional bonds.

As KFH is a leading Islamic financial institution and one which has taken Islamic banking, finance and investing to global markets, it is supporting this annual conference dedicated to strengthening the prospects and performance of Islamic finance industry. KFH has long taken a pioneering role in the development of Islamic finance and fully supporting the work of AAOIFI in seeing Islamic instruments and capital markets further unify and expand.

KFH has long played an important role in helping drive the kind of advancement and innovation that this annual conference aims to harness and drive forward. The industry today has achieved significant growth and expansion in the Islamic world and beyond. KFH is keen on joining together with industry leaders to discuss and adopt the right strategies for this next stage of growth.

KFH's mission is to achieve highest levels of excellence and innovation in the field of customer service, while developing common interest for all those concerned with the financial institution. KFH's vision is to spearhead the global development in Islamic financial services, and to upgrade the bank into the level of becoming the most sustainable profitable Islamic bank in the world.