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Date: 5th November 2018 Venue: Kuwait City

Kuwait, an important market for Islamic finance with a long-standing commitment to Islamic banking and finance, is poised to have a growing Shariah finance industry with recent market developments.

Progress in the past year in Kuwait has paved the way for its growth as a pioneer in the Islamic finance industry. The latest, and potentially groundbreaking, development in the State of Kuwait is the amendment of the Public Debt Law. The draft law, which is expected to be passed in early 2018, would potentially signal the nation’s first sovereign Sukuk. Kuwaiti investors have also been recognized for their active momentum not only in the GCC, but also in the US and Europe.

Kuwait continues to be a hot destination for investors in the debt capital markets, with the Kuwaiti bourse being mulled for inclusion in the FTSE Emerging Markets Index. The move, if approved, is expected to encourage the flow of foreign investments into the Kuwaiti capital market. Investors and industry participants are keen on the Kuwaiti Islamic finance story, and the authorities have been a strong force in effectively advancing the industry and turning Kuwait into a contender among its peers in the Gulf region.

2018 will see IFN Kuwait Forum returning to Kuwait City, building on the previous successes and with the support of both local regulators and international participants to explore and encourage Shariah compliant investment opportunities into the country.