ASAR advised on a series of landmark certificate of deposit (CD) programme establishments in Kuwait, reflecting continued growth in the country’s debt capital markets as local banks increasingly adopt both conventional and Sharia-compliant CD structures within their funding and liquidity strategies.
CD programmes are gaining traction as scalable and flexible funding instruments, supporting balance-sheet optionality, diversifying funding sources, and deepening engagement with local and regional investors.
ASAR acted as legal counsel on several key programme establishments, including:
- Al Ahli Bank of Kuwait K.S.C.P. (ABK): US$500 million conventional CD programme.
- Boubyan Bank K.S.C.P.: US$2 billion Sharia-compliant CD programme.
- Kuwait Finance House K.S.C.P. (KFH): US$2 billion Sharia-compliant CD programme.
- Warba Bank K.S.C.P.: US$1 billion Sharia-compliant CD programme.
ASAR’s team working on the CD program establishments included: Rob Little, John Cunha, Emile Hélou, Mariam Al Rashed, Munirah Al Rifai and Zak Little.
With a specialised capital markets practice and deep familiarity with Kuwait’s regulatory landscape, ASAR supports financial institutions as they develop and expand this evolving product space.
For more information on ASAR’s capital markets and regulatory advisory capabilities, visit our Capital Markets page.
