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Islamic Finance Briefing - Categorized | Banking, Performance more

Profits slide in 2009 for Kuwait’s leading Islamic Bank

Posted on 03 February 2010

From Busrep.co.za: Kuwait Finance House, the emirate’s leading Islamic bank, said on Tuesday its 2009 profits dropped by 24 percent from the previous year due to the continued impact of the global financial crisis.

KFH posted a profit of 118.7 million dinars (R3 083) last year compared to 157 million dinars ($545) in 2008, the bank said in a statement. In 2008, KFH profit fell by 43 percent……………………………………Full Article: Source

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