Tue, Sep 23, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Market Moves more

Kuwait says it has too many Islamic banks

Posted on 22 September 2010

From Maktoob.com: Kuwait’s central bank governor said the Gulf Arab state is saturated with Islamic banks. Sheikh Salem Abdul-Aziz al-Sabah told Arabic language daily al-Seyassah that there were five Kuwaiti Islamic lenders registered with the central bank and five conventional banks.
Saudi Arabia’s Al-Rajhi Bank, one of the biggest Islamic lenders in the Gulf, also operates in Kuwait. “I believe that with this the Kuwaiti market has reached saturation point for Islamic banks at this stage,” the governor said……………………………………….Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930