A Press Statement on: Licensing Policy for New Islamic | Market Intelligence API | Briefly NewsStream
Central Bank of KuwaitKWme_economyImpact 45.6
A Press Statement on: Licensing Policy for New Islamic Banks in Kuwait
24.06.03 A Press Statement on: Licensing Policy for New Islamic Banks in Kuwait H.E. the Governor of CBK, Sheikh Salem Abdulaziz Al-Sabah, in a press release to KUNA (Kuwait News Agency) stated that the CBK Board of Directors decided to adopt a gradual approach in licensing new Islamic banks whereby two new banks besides the KFH (Kuwait Finance House) shall be licensed in the first stage. Then the policy on licensing new Islamic banks including Islamic banking subsidiaries of traditional Kuwaiti banks shall be closely reviewed in the light of a careful evaluation of the situation. More
