27.04.2010 - Gulf Islamic banks eye conversion of conventional peers
From Reuters: 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 percent stake in Ahli United Bank from Kuwaiti investors and have plans to convert Bahrain's largest retail bank, which itself plans to take its Kuwaiti unit Islamic.........................................Full Article: Source
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