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Kuwait’s banking ‘market’ heads in Islamic direction

Posted on 22 March 2010

From KUNA: Kuwait banking market is heading on a more Islamic oriented direction with many banks transforming their operations to Sharia-compliant, said Chairman of the Board for Kuwait International Bank (KIB) Abdulwahab Al-Wazzan.

Speaking to the press on the sidelines of the opening of KIB’s new branch in Farwaniya, Al-Wazzan said that banks in Kuwait were looking to develop the country’s status as a financial spot in the region, revealing that more foreign banks are interested in the local operations………………………………….Full Article: Source

 
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