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Islamic Finance Briefing - Categorized | Banking, Finance, Performance more

Kuwait Finance House Q3 profit drops 46pct

Posted on 26 October 2009

From Bloomberg: Kuwait Finance House, the country’s largest Islamic bank, posted a 46 percent decline in third- quarter profit as the oil-rich emirate’s economy slowed amid the global financial crisis.

Net income dropped to 34.3 million dinars ($120 million), or 15.1 fils a share, from 63.2 million dinars, 27.4 fils, in the year-earlier period, Kuwait Finance said in an e-mailed statement today……………………..Full Article: Source

 
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