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Kuwait is one of the pioneers of Islamic banking. Kuwait Finance House, established in 1977, was the first Islamic bank in the country and is one of the largest in the world. Other Islamic banks followed after the government amended the 1968 Central Bank of Kuwait law in 2003 to allow new Sharia-compliant banks and bring them under the central bank's supervision; Boubyan Bank was set up in 2004.
Islamic banks now sit alongside conventional banks, several of which have converted to Islamic banking or added Islamic products. This guide lists the institutions behind each part, with their pages on Wasabih.
Kuwait Finance House (KFH), established in 1977. It is one of the oldest and largest Islamic banks in the world.
The Central Bank of Kuwait. A 2003 amendment to the 1968 Central Bank law allowed new Sharia-compliant banks and brought Islamic banks under its supervision.
By 2011 Kuwait had five Sharia-compliant banks, including Kuwait Finance House and Boubyan Bank, and more conventional banks have since converted or added Islamic products.
In 2004, after the 2003 law opened Islamic banking to new players. It is one of Kuwait's largest Islamic banks.
Kuwait is a Muslim country and a member of the Gulf Cooperation Council; meat and food with animal ingredients must be Halal. Exporters should confirm the current certificate requirements with Kuwaiti importers and the authorities.
Part of the Halal economy in Kuwait?
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