Since assuming the governorship of the Central Bank of Kuwait in April 2012, Mohammad Al-Hashel has been widely praised for his stewardship of the country's financial sector. Under his guidance, Kuwait's banks have built up healthy capital adequacy and liquidity ratios, in conjunction with a drastic reduction in system-wide non-performing loans (NPLs). This has been a remarkable transformation from the dark days of the financial crisis. Today, Kuwait's banking sector now stands on the cusp of an impressive growth trajectory backed by the positive outlook of the domestic economy. As a member of the governing board of the International Islamic Liquidity Management (IILM) and the Islamic Financial Services Board (IFSB), Mr Al-Hashel is also well positioned to oversee the development of Islamic finance in Kuwait. With a sound understanding of Kuwait's position as one of the earliest pioneers of the Islamic finance industry, he is keen to develop the country's position in this field globally and maintain the growth rates enjoyed by Islamic banks in the country in recent years.
展开▼
