13.01.2010 - AUB's Kuwait unit shareholders approve sharia conversion

From Reuters: Shareholders of Ahli United Bank's Kuwaiti unit have approved its planned conversion into a bank compliant with Islamic law, or sharia, the bank said on Tuesday. AUB said in a statement posted to the Bahraini bourse that Bank of Kuwait and the Middle East would start its sharia-compliant operations at the beginning of the second quarter, with a date for the completion of the conversion to be announced later........................................Full Article: Source

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