Large scale sukuks – Kuwait developing legal framework to regulate Islamic finance

It seems that Kuwait's role in the fast-growing global market for sukuks could become larger, if lawmakers expand and administer a more robust legal framework to regulate the issuance of sharia-compliant debt.
However, during this time, Kuwait-based Gulf Investment Corporation (GIC) and Kuveyt Turk participation bank have raised funds in the last months by selling sukuks.