Kuwait Sukuk Law Boosts Funding Flexibility
The Kuwaiti Minister of Finance, Dr. Yaqoub Al-Rifa'i, issued Law No. (90) of 2026 concerning government sukuk (Islamic bonds), with the aim of developing the sovereign financing system by expanding the available funding tools for the state in accordance with Shariah law. The law permits the inclusion of sukuk within the sovereign financing structure alongside traditional debt instruments, thereby enhancing flexibility in managing funding needs, diversifying sources of financing, and increasing the investor base both locally and globally. It also contributes to the development of capital markets and supports financial sustainability by improving liability management and establishing a framework to expand the Islamic market. This initiative aims to improve the pricing efficiency of issuances, deepen the secondary market, and build a sustainable presence for the country in global financial markets.
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