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- QIIG wins 'Takaful Insurance Company of the Year' award
- UDC wins Gold and Silver at Abu Dhabi Maritime Awards 2025
- Qatar Stock Edges higher on broad-based gains
- OPEC+ to undergo annual oil capacity audit under new plan
- NIC appoints Mohammed Al-Kharafi as Senior Executive Officer for DIFC office
- Omani-Saudi Coordination Committee in Trade, Industry and Economy meets
- Asyad unveils logistics projects to support hydrogen economy
- OQGN acquires gas pipeline in Block 61 for RO40mn
- Gold Falls 1% as Investors Book Profits, Treasury Yields Rise
- Prada Group acquires Versace in a $1.37 billion deal
31/03/2010 00:00 AST
The Bank formerly known as Bank of Kuwait and the Middle East (BKME) was crossed out from the local conventional banks list and is to start its Sharia-compliant operations as of Thursday listed as "Ahli United Bank," said the Central Bank of Kuwait (CBK).
CBK Governor Sheikh Salem Abdelaziz Al-Sabah told KUNA this step follows the bank's full implementation of measures required for the conversion. It comes in compliance with the fourth article of law 30/2003 on CBK and banking regulation in the State of Kuwait.
The bank is thus the latest Islamic bank registered in Kuwait, joining Kuwait Finance House, Boubyan Bank, Kuwait International Bank, soon to come Warba Bank, and the Kuwait branch of Saudi Arabian Al-Rajhi Bank.
The operation of this group in Kuwait would no doubt enrich competition, which translates into better services, and would ultimately benefit and bolster trust in the state's banking system and status, the governor stressed.
KUNA
17/10/2017
Fitch Ratings has affirmed Ahli United Bank (Kuwait)'s (AUBK) Long-Term Issuer Default Rating (IDR) at 'A+'; the Outlook is Stable. Fitch has also affirmed the bank's Viability Rating (VR) at 'bbb-'.
Press Release
20/07/2014
Kuwait's Ahli United Bank (AUB) reported net profits in the first six months this year up by 9.9 percent to reach KWD 25.4 million ($90 million), compared with KWD 23.2 million ($82 million) in the s
CPI Financial
29/03/2010
Bank of Kuwait and the Middle East (BKME) Board of Directors Chairman, Hamad Abdulmohsen Al-Marzouq, announced at the bank's General Assembly meeting on Sunday that the total operating revenues of th
Arab Times
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03/12/2025
At a prestigious ceremony held at Atlantis The Palm - Dubai, Qatar Islamic Insurance Group (QIIG) received the 'Takaful Insurance Company of the Year' award at the 12th Middle East Insurance Industry
The Peninsula
03/12/2025
In a new milestone that reinforces its position as one of the region's leading developers, United Development Company (UDC), the master developer of The Pearl and Gewan Islands, announced that it has
The Peninsula
03/12/2025
The National Investments Company (NIC) has announced the appointment of Mohammed Adel Al-Kharafi as Senior Executive Officer (SEO) of its Dubai International Financial Centre (DIFC) office. This appo
Kuwait Times
03/12/2025
Asyad Group has unveiled a series of forward-looking projects aimed at enhancing the readiness of Oman's national logistics infrastructure to support the green hydrogen economy.
The announce
Muscat Daily
03/12/2025
OQ Gas Networks (OQGN), the sole operator of Oman's natural gas transportation network, has signed an agreement to acquire a gas transportation pipeline in Block 61, which hosts the Khazzan and Ghaze
Muscat Daily
Financial Information Co.
Saudi Arabia