In late 2016 the Central Bank of Kuwait (CBK) made a significant change to the Islamic financial services (IFS) sector. Like most regulators in the region, the CBK has traditionally taken a universal stance on its conventional and sharia-compliant financial institutions, regulating both segments simultaneously and only making exceptions where...
After a year characterised by low trading volumes and a horizontal main index, the Kuwait Stock Exchange (KSE) opened 2017 as the fastest-growing market in the world. A number of reasons combine to make the KSE a destination of interest for investors in 2017, chief among them being new management, which has begun to implement an ambitious...
Kuwait’s Islamic financial services (IFS) industry is one of the fastest-growing segments of the financial sector, home to an increasing number of sharia-compliant banks and insurance companies. The emergence of these industries over recent decades has brought sharia-compliant capital to account for a significant proportion of total capital...
What can Islamic financial institutions do to demonstrate their resilience, even in a period of global financial crisis?
Banking sector liquidity has not been a concern in the GCC for nearly 10 years, but the rapid decline of crude oil prices that began in the summer of 2014 has made the issue a regional challenge once again. The central role played by oil and gas in GCC economies means that large movements in spot prices and energy futures have the potential to...
In 2016 Boursa Kuwait, the new operator of the Kuwait Stock Exchange (KSE), set about implementing its long list of regulatory improvements that will align the country’s stock market with the most advanced in the region. This process is continuing in 2017, with every month seeing announcements regarding new products and services aimed at...
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