IslamicFinance.de

The $490 million short-term sukuk program issued by the International Liquidity Management Corporation is an important stage in the evolution of Sukuk product, according to Abdulwahab Al-Roshood, Kuwait Treasury General Manager at Kuwait Finance House (KFH). The corporation has recently issued the first issuance for 3 months with the participation of 8 gulf and foreign banks including KFH. The sukuk issued by the corporation enjoys the privilege of being short term, rated as the short- term highest credit rating A-1 by the international Standard and Poor's. Al-Roshood expressed his confidence that KFH 's participation of the corporation's businesses since establishment will add value to its efforts and its role in sukuk market.