(MENAFN - Kuwait News Agency (KUNA)) Kuwait Finance House (KFH) Research Limited signed an MoU with the World Bank to bolster efforts in developing Islamic financing, said a statement here Saturday.
According to a KFH Research Limited statement, the memo was the first of its kind to be signed with the World Bank.
Chairman of the Board for KFH Research Limited Fahad Khaled Al-Mukhaizeem said the memo was integral to develop Islamic financing on a global scale, especially with the fact that there was an ever-growing international interest in Islamic banking.
The memo, he said, would enable exchanging views and expertise on Islamic financing between KFH Research and the World bank.
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 and 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.