Kuwait introduces 35-article law to govern sovereign sukuk, Sharia-compliant financing
The law also permits sukuk to be offered to citizens, residents and foreign investors, while allowing the government to reserve selected issues for Kuwaitis. It establishes a wholly state-owned company to manage sukuk assets and a unified Sharia Supervisory Board, while authorizing a range of Islamic instruments linked to leased assets, usufructs and operating rights. … The post Kuwait introduces 35-article law to govern sovereign sukuk, Sharia-compliant financing appeared first on Times Kuwait .