Kuwait – Mubasher: The Central Bank of Kuwait (CBK) approved the issuance of mudarabah sukuk for Warba Bank with unlimited period of time.
With a maximum value of $250 million, the sukuk will be complied with the additional capital of tier 1 (AT1), according to a bourse statement issued Wednesday.
This sukuk issuance will boost the capital baseline of Warba, based on the capital adequacy ratio (CAR) of Basel III.
