Kuwait Finance House (KFH) announced its participation in IMF World Bank Conference slated for November 11th to discuss Islamic finance in its role in achieving sustainable development, yet shedding light on Islamic banking sector as becoming systemically important in traditional markets. The bank’s participations stems from its commitment to consolidate its role in leading Islamic finance and to be present in international conferences to discuss methods of improving this industry.
KFH CEO, Mazin Al-Nahedh, will participate in a discussion panel at 2:45 at Sheraton Hotel where he will speak about GCC banks- Islamic vs. Conventional banks. He will underline the importance of Islamic finance and sukuk as a major tool for long term infrastructure financing. Sukuk have become more acceptable and recognized as an important liquidity management tool due to increased Sukuk issuances by many corporates, financial institutions, and Sovereign.
CEO will also raise the importance of the development of the legal and regulatory framework. An important regulatory challenge is to ensure that profit-sharing investment accounts at Islamic banks are treated in a manner that is consistent with financial stability.
Further, the discussion panel will discuss topics of development of human capital that resulted in establishing international centers for education in Islamic finance worldwide for its increased demand in light of the remarkable growth of Islamic finance industry.