KFH primary dealer for Sukuk issued by IILM worth $1.85 billion

Kuwait Finance House (KFH) participated as a primary dealer for short-term Sukuk issued by the International Islamic Liquidity Management IILM worth $1.85 billion. KFH is considered as the most active dealer in the market in terms of acquisition and volume traded. AbdulWahab Al-Roshoud, Acting Chief Treasury Officer at KFH, said that the average trading of IILM's previous three issuances in the secondary market surpassed 50 per cent of their volume which is considered high in comparison with the rest of Sukuk, indicating that this reflects the market’s strength and its contributions in increasing the liquidity. KFH forecasts that several local and global banks will participate in IILM’s upcoming Sukuk.