In Kuwait, sharia-compliant banking currently accounts for a marginal share of the Kuwaiti financial sector. Recent estimates expect that Islamic financial assets in Kuwait could reach more soon.
Kuwait is preparing the legal framework for Islamic finance products such as the issuance of Islamic bonds (Sukuk) and in order to help financing Kuwait's SME it will promote Sukuk, Takaful (Islamic insurance) and halal microcredit.
Currently, Kuwait has a number of fully operational Islamic banks which serve retail and islamic corporate banking offering halal financing products such as Ijara, Ijara-wa-iqtina, Mudaraba, Murabaha and Musharaka.
KUWAIT ONLINE SHARIA BANK