22.03.2010 - Kuwait’s banking ‘market’ heads in Islamic direction
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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