Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Sukuk Main GCC Financing Tool: Al-Menaie  Join our daily free Newsletter

MENAFN - Arab Times - 11/01/2014

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Arab Times) KFH Investment that is a Kuwait Finance House (KFH) subsidiary, Board Member Emad Al-Menaie stated that Sukuk play a pivotal role in financing infrastructure projects in the gulf region, and are considered to be the Islamic equivalent of bonds. He added that Sukuk are highly demanded after they have proven to be effective by governments, companies, and authorities in various countries. He expected the demand for Sukuk in the GCC to increase during the coming period.

Al-Menaie explained during a meeting with a group of students and high studies researchers from Portland University, that improving the business environment and the launching of the development plan projects, will allow those projects to take advantage of those projects. He asserted that the Sukuk market has been growing year after year, and revealed that Asia and Europe possess large shares of total Sukuk issuance worldwide, in addition to the fact that the GCC depends more on Sukuk as a financing tool.

Moreover, Al-Menaie described to the visiting delegation KFH's successful experience, and the principles of Islamic banking in various fields of business. He stressed that Islamic banking has become an important sector in the global economy in light of the high acceptance in dealing with Islamic services and products. He went on to say that Islamic banking plays a prominent role in the development of markets; especially that Islamic banking tools include Murabaha, Ijara, Sukuk, Istisnaa, and others. He added that Muslims and non-Muslims use those tools in regional and global markets. He said that Islamic financial institutions should shoulder their role in explaining the concepts of those tools for those working in the banking field.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help