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Number of Islamic banks in Kuwait rise to five in five years

Posted on 15 December 2009

From KUNA: Five years ago, Kuwait had only one Islamic bank, but by 2010, the country will have five Islamic banks, the same number as traditional banks.
The announcement of the Central Bank of Kuwait (CBK) on Monday giving the green light for the Bank of Kuwait and the Middle East (BKME) to fully convert into an Islamic bank raises the number of Islamic banks in Kuwait to four, in addition to Warba Bank which is currently under establishment……………………………….Full Article: Source

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