26.04.2010 - More Gulf banks to turn 'Islamic' to meet demand
From Indiatimes.com: More banks in the Gulf Arab region may convert to Islamic finance in a bid to tap rising demand for sharia-compliant products and to avoid the heavy investment required to launch new banks. A source told Reuters this month that Qatari investors are planning to buy a 25% stake in Ahli United Bank from Kuwaiti investors and have plans to convert Bahrainís largest retail bank, which itself plans to take its Kuwaiti unit Islamic.........................................Full Article: Source
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