KFH Group's Trading in Sukuk Markets Surpasses USD 16 Billion in 2021

In a press release dated 5th of February 2022, Kuwait Finance House (KFH) group announced that its volume traded in the Sukuk market surpassed USD 16 billion in 2021, adding that the group had acquired a significant share of the secondary market trading in Sukuk with some transactions exceeding USD 200 million.

Why it Matters?

The high volume of Sukuk trading comes as a result of several factors, including sovereign issuances in the Gulf Cooperation Council (GCC) countries in order to bridge the gap of the budget deficit caused by the drop in oil prices and the low-profit rates which had made the issuance opportunities attractive for institutions and banks, according to Ahmed Essa Al-Sumait, General Manager, Treasury at KFH. Good returns and low risks al...