Financial and Banking News
KFH Reports Strong Profit Growth as Interbank Dealing Soars
The Kuwait Finance House (KFH), which is a government-controlled Islamicbank operating outside the ambit of the Central Bank, has reported a 19.3%increase in profits to KD24.5mn. However, KD19.5mn (79%) of this"profit" figure represents payments made by KFH to its depositors, whounder Islamic banking practice do not receive interest on their deposits.Payments to...
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