Prospects and challenges for developing corporate <IT>sukuk</IT> and bond markets© International Monetary Fund.: Lessons from a Kuwait case study

doi:10.1108/17538390810864232

Login

Welcome:
Guest

Search for:

Browse:

Resources:

International Journal of Islamic and Middle Eastern Finance and Management

ISSN: 1753-8394

Online from: 2008

Subject Area: Accounting and Finance

Content: Latest Issue | Latest Issue RSS | Previous Issues

Options: To add Favourites and Table of Contents Alerts please take a Emerald profile

Prospects and challenges for developing corporate sukuk and bond markets© International Monetary Fund.: Lessons from a Kuwait case study

Document Information:
Title:	Prospects and challenges for developing corporate sukuk and bond markets© International Monetary Fund.: Lessons from a Kuwait case study
Author(s):	Juan Solé, (International Monetary Fund, Washington, DC, USA)
Citation:	Juan Solé, (2008) "Prospects and challenges for developing corporate sukuk and bond markets© International Monetary Fund.: Lessons from a Kuwait case study", International Journal of Islamic and Middle Eastern Finance and Management, Vol. 1 Iss: 1, pp.20 - 30
Keywords:	Bonds, Capital markets, Financial markets, Kuwait
Article type:	Research paper
DOI:	10.1108/17538390810864232 (Permanent URL)
Publisher:	Emerald Group Publishing Limited
Acknowledgements:	The author thanks Li Lian Ong, Fernando Delgado, Ahsan Mansur, and an anonymous referee for their excellent suggestions. The author also indebted to Kuwaiti Government officials, the KSE and representatives from Kuwaiti private financial institutions for their helpful and valuable assistance. The views expressed herein are those of the author and should not be attributed to the Kuwaiti authorities, the IMF, its executive board, or its management. All errors and omissions are the author's.
Abstract:	Purpose – This paper aims to present a case study on how to develop financial markets in one of the emerging economies of the MENA region – Kuwait. Design/methodology/approach – The analysis proceeds in two steps: first, the need for developing and deepening these markets is established; second, the impediments curtailing market development are identified and discussed. Findings – It is argued that Kuwait currently faces a valuable window of opportunity to build up further its sukuk and bond markets. The paper also assesses the prospects for the emergence of a regional financial market across GCC countries. Originality/value – Besides the direct policy recommendations provided for Kuwait, given the similarities with other emerging economies, the lessons learned from this study may be relevant to other countries in the MENA region.