| From NNN-KUNA: The Bank of Kuwait and the Middle East (BKME) expects 2010 to prove a year of major and strategic changes towards operation as an Islamic Sharia-compliant bank as of the second quarter, upon completion of procedures to obtain the required Amiri Decree approving the conversion.
A statement by the bank Tuesday said that the preliminary procedures are complete, and the approval of the Central Bank of Kuwait had been obtained, and this enables a conversion in record time.....................................Full Article: Source
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