Islamic finance solves economic problems, says KFH-Bahrain CEO

According to Kuwait Finance House-Bahrain CEO and MD, Abdul Hakim Al-Khayyat, Islamic banking has many advantages and capabilities that are giving it permission to play an important role in solving many economic problems in the GCC.
Al-Khayyat underlined the fact that Islamic banking is not operating at full swing yet, either as a result of lack of legislations or opportunities. Furthermore, he notified that governments need to launch more Sukuk, so they can provide short-term liquidity instruments.
However, since legislations that organise the issuance of Sukuk in some countries don't exist, this significant instrument has been presented as extinct, which consumes the efforts of Islamic banks to help markets overcome their crises.