Islamic banking is growing at more than double the pace of conventional banking in Kuwait and strong demand is expected throughout the Arab region, according to the chairman of Boubyan Bank.
Credit volumes at Islamic banks in Kuwait reached 11.1 billion Kuwaiti dinars ($39.3 billion) in the first nine months of 2012, up 13.2 per cent on last year, Boubyan chairman and managing director Adel Abdul Wahab Al Majid told the Reuters Middle East Investment Summit………………………………………..Full Article: Source