Tagged: Adel Abdul Wahab al-Majed

Kuwaiti lender sees Islamic banking boom

Kuwaiti lender sees Islamic banking boom

According to the chairman of Boubyan Bank, Islamic banking in Kuwait is growing double as fast as conventional banking. Throughout the Arab region, the demand is expected to be strong. In the first nine months of this year, credit volumes at Islamic ba…

Kuwait’s Boubyan Sees Islamic Banking Boom

Kuwait’s Boubyan Sees Islamic Banking Boom

According to the chairman of Boubyan Bank, the growth rate of Islamic finance in Kuwait is the double of the one of conventional banking. In his opinion, strong demand throughout the Arab region can be expected. The country’s Islamic banks reached cred…