IslamicFinance.de

Kuwait Finance House (KFH) is studying the issuance of Islamic bonds that would boost its capital reserves. The offering still requires necessary approvals, its chief executive Mazen al-Nahedh said. The firm could issue capital bonds that either enhance its core Tier 1 capital or its supplementary Tier 2 capital. Besides sukuk plans for the parent company, KFH is also planning to issue Tier 2-enhancing sukuk this year for its Turkish subsidiary. The firm expects the issue will happen this year to support its capital situation so it can grow, he added.