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كويت نيوز
Bayan issues mudarabah sukuk in initial capital tranche
Bübiayān Bank issued its first local currency Musharakah Sukuk valued at 90 million Kuwaiti Dinars, aimed at strengthening its capital and diversifying its financing tools in line with its strategy to support future growth. The issuance received strong investor demand and was priced at 200 basis points above the Central Bank of Kuwait’s discount rate, reflecting confidence in the bank’s financial position and credit rating. This news underscores the bank’s success in developing the local debt market and highlights the evolution of the Islamic financial market in Kuwait. It also demonstrates the bank’s increasing ability to provide Sharia-compliant capital instruments, thereby bolstering Kuwait’s position as a regional financial hub.
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