ASAR – Al Ruwayeh & Partners Advised On Landmark Certificate Of Deposit Programme Establishments In Kuwait
ASAR – Al Ruwayeh & Partners Advised on Landmark Certificate of Deposit Programme Establishments in Kuwait
The leading corporate law firm based in Kuwait and Bahrain, ASAR – Al Ruwayeh & Partners, 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 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.
The programmes on which ASAR advised include:
- Al Ahli Bank of Kuwait: US$500 million conventional CD programme.
- Boubyan Bank: US$2 billion Sharia-compliant CD programme.
- Kuwait Finance House: US$2 billion Sharia-compliant CD programme.
- Warba Bank: US$1 billion Sharia-compliant CD programme.
The team advising on the CD programme establishments was led by Rob Little, John Cunha, Emile Khoury-Helou, Mariam Al Rashed, Munirah Al Rifai, and Zak Little.
With a specialised capital markets practice and deep familiarity with Kuwait’s regulatory landscape, ASAR continues to support financial institutions in developing and expanding this evolving CD product space.
ASAR – Al Ruwayeh & Partners is a multi-award winning, Tier 1 corporate law firm and one of the largest in the Middle East, with offices in Kuwait and Bahrain. The firm has operated in Kuwait since 1977 and in Bahrain since 2006, serving multinational corporations, financial institutions, government entities, and private clients.
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