24.05.2010 - Ahli United Bank (AUB) offers Islamic banking services
Hamad Abdul Mohsen Al Marzooq, Chairman and Managing Director of Ahli United Bank (AUB), said that the conversion phase into a bank operating in accordance with Islamic Shari'ah provisions required the cooperation with a group of partners who could meet the needs of the Bank and its customers, and complete the conversion process within the time frame set out the Central Bank of Kuwait and according to its instructions related to the Islamic banks business. Mr. Al-Marzouq added that the choice of ITS was a strategic one as the latter's experience was a key factor in the conversion of AUB, formerly known as the Bank of Kuwait and the Middle East, into an Islamic institution, pointing out that the agreement was a preliminary step for a long-term relationship expected to be extended between both organizations........................................Full Press Release .......................................: Source
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