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Islamic banking accounts for 35 pct of Kuwait banking total assets

Posted on 27 September 2010

From KUNA: The Islamic banking sector in the Gulf Cooperation Council (GCC) member states grows by 20 percent a year representing 17 percent of the total assets of the banking industry in the region, a report said here on Sunday.
Kuwait ranked first among the GCC countries in terms of total assets while Saudi Arabia and the United Arab Emirates (UAE) have risen among the countries that promote Islamic finance products and services, according to the report issued by KFH Research Ltd - the Islamic investment research arm of Kuwait Finance House (KFH)……………………………………….Full Article: Source

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