*How has the sukuk industry coped with the turmoil in global credit markets? Actually, the effect of the real estate mortgage turmoil is still limited. Sukuk is unique because it functions against fixed assets that usually have increasing value; thus, sukuk avoid much turmoil, but this turmoil will affect global markets, one way or the other. You are talking about the American economy, which represents 30% of the global economy. The beginnings of this turmoil that was detected by our studies and researches were a motive for our expansion in other markets. In addition, maybe the States' markets will be the least to be inclined towards sukuk, which is contrary to markets in Europe, Asia and the Middle East. *Did sukuk create opportunities that the Islamic banks could not reach before? Sukuk are unique, innovative Shariah compliant products, and they are the Islamic substitute to bonds, thus opening broad horizons for banks and Islamic institutions to allow for more work, widespread, expansion, and the entrance into new fields of work, especially what is related to financing major projects, corporate and governments. Moreover, sukuk steered Islamic banks away from traditional methods of work, and services that have limited usage. This is rendered a qualitative shift in business methods, since it did not follow familiar products like Murabaha, Ijarah, and others. KFH accounted for about $4 billion of sukuk deals in 2007- what portion of the total value of sukuk does this represent? The $4 billions are the total of KFH's contributions in issuing sukuk. Figures indicate that the value of global sukuk market has settled at $24.5 (KFH's share of it is over $4 billion) by the end of 2007, with a 75% increase in rate than last year. It is expected that sukuk worth $16 billion will be sold in the global market by the end of this year. The corporate and institutions in the G.C.C have issued corporate sukuk worth $6.3 billion in the first half of 2007, compared to $9 billion in 2006. It is expected that the volume of global sukuk, whether corporate sukuk or others, %70 billion by mid 2008, and $225 billion by 2010. The rate of sukuk trading swings now between $100 and $200 billion per month. Malaysia represents around 36% of unpaid issued sukuk. The exporters in the Gulf are more than 30% of it. *You have mentioned the importance of developing a secondary market for sukuk trading. How will you achieve this? Is there any progress to report? As a market maker, KFH assists in making issuing process, then selling and acquiring the exported and credit rated sukuk. Thus, accomplishing what the Islamic financial industry lacks now, where there is no way sukuk holders from corporate and individuals can liquefy and get a quick cash return through a market where the trading will be evaluated fairly. This is also the case when some want to acquire sukuk after the issuing process is over. In other words, KFH's role will be to offer alternatives for whoever wants to sell or acquire sukuk, which will add more flexibility in the sukuk field as a unique Islamic product. KFH has founded a corporate with a capital KD100 million that works according to Shariah in the field of sukuk. This will lead to a secondary sukuk market where sukuk can be traded. As a result, this will reinforce its role as a financing tool that can be liquefied, since the Kuwaiti market lacks this. The corporate will serve the domestic market and the