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Islamic Finance Briefing - Categorized | Banking, Performance more

Bank of Kuwait and Middle East to go Islamic in Q2, achieves 13pct growth

Posted on 12 January 2010

From Menafn.com: Bank of Kuwait and Middle East (BKME) has achieved a growth of 13 percent in the last three years, and is now undergoing a change to become fully Sharia-compliant.

The bank’s chairman Hamad Al Marzouq was speaking at the bank’s 43rd general assembly meeting Sunday. The bank will formally go Islamic starting from the second quarter of 2010, he noted, and added that to mark the change towards Sharia compliance BKME will be renamed as Al Ahli Al Muttahad…………………………………..Full Article: Source

 
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