Financial and Banking News
KFH Profitability Recovers
The Kuwait Finance House (KFH), which is a government-controlled Islamic bank operating outside the ambit of the Central Bank of Kuwait, has released 1986 results showing a continued recovery in its profits to KD20.6mn ($71mn). This figure includes profits to be distributed to depositors in lieu of interest, which is of course not paid by an Islamic bank. The depositors' share in the total profit increased from...