... capital Securities Banking Bonds The Islamic finance industry has grown by about 15 percent on average over the last three years, with more than US$500 billion now lodged in Islamic banks, mutual funds, insurance schemes (takaful), and Islamic branches of conventional banks...

...; 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...