publish time

15/08/2018

author name Arab Times
visit count

11426 times read

publish time

15/08/2018

author name siraj
visit count

11426 times read

Worth KD 160mKUWAIT, Aug 14, (KUNA): The Central Bank of Kuwait (CBK) said on Tuesday it issued KD 160 million (USD 528 million) worth of bonds and Tawarruq, an Islamic financial product which allows clients to raise money without breaking Muslim bans on interest.The issue is valid for three months with a return rate of 2.5 percent, CBK said in a statement.The CBK’s last issue of bonds and Tawarruq was on Aug 6 with a value of KD 240 million (USD 792 million) and a return rate of 2.5 percent valid for three months.