Finance Minister on Sukuk Law Benefits
The Kuwaiti Council of Ministers has enacted Law No. (90) of 2026 concerning Islamic sovereign sukuk, with the aim of developing the sovereign financing framework and diversifying the country's available funding tools. The law allows for the inclusion of sukuk within the sovereign funding structure alongside traditional debt instruments, thereby enhancing flexibility in managing financing needs and expanding the base of both local and international investors. Its objectives include supporting capital markets, improving financial obligations management, and enabling the state to benefit from Islamic finance markets. This contributes to increasing liquidity, developing the local debt market, and providing benchmark indicators for corporate and financial institution issuances.
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