How would you assess the growth potential for Islamic banking in Kuwait, and what are the main factors driving demand for Islamic institutions?
The Middle East
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Interviews & Viewpoints | Raed Jawad Bukhamseen, Vice-Chairman and CEO, Kuwait International Bank: Interview from The Report: Kuwait 2019
Articles & Analysis | Kuwait’s sharia-compliant segment gets a boost from targeted legislation and issuances from The Report: Kuwait 2019
Kuwait’s Islamic financial services (IFS) sector is well established, with a long history in both Islamic banking and takaful, or Islamic insurance. The segment has expanded in recent years, building upon the country’s reputation as an emerging centre for sharia-compliant banking, insurance and investment products. The government has...
Interviews & Viewpoints | Mazin Al Nahedh, CEO, Kuwait Finance House (KFH): Interview from The Report: Kuwait 2019
Articles & Analysis | Prudent regulation and years of provisioning at Kuwaiti banks result in solid metrics and promising financial performance from The Report: Kuwait 2019
The performance of the banking sector has rebounded since the 2007-08 global financial crisis. Banks’ balance sheets show that net profit, assets, loans and deposits are all growing strongly, financial metrics look robust, and various industry assessments show that the industry is well capitalised. “It has been several years of effort and...
Articles & Analysis | Adel Abdul Wahab Al Majed, Chairman, Kuwait Banking Association; and Vice-Chairman and CEO, Boubyan Bank; Michel Accad, Group CEO, Al Ahli Bank of Kuwait; and Elham Y Mahfouz, CEO, Commercial Bank of Kuwait: Interview from The Report: Kuwait 2019
In what ways do you expect lending to grow, and what impact will regional developments have?
Interviews & Viewpoints | Mohammad Y Al Hashel, Governor, Central Bank of Kuwait: Interview from The Report: Kuwait 2019
What challenges does the sector face as it works to implement Basel III requirements and International Financial Reporting Standards (IFRS) 9?