Saturday 23 November 2024
 
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Islamic banking industry

KFH plans to raise $600m in Mideast

Kuwait Finance House (KFH), the Gulf's third-largest lender, on Tuesday said it is aiming to raise $600 million in funds from Middle East investors this year to buy ships, stakes in private firms and properties in Asia. As global economies

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Islamic banking sector on roll

The Islamic banking industry is fast becoming a force to be reckoned with, but there are still major obstacles to the development of fully-fledged Sharia-compliant capital markets, bankers were told. The industry also faces the challenge o

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