Bank of Kuwait and Middle East (BKME) transforms into Islamic entity.

By bne IntelliNews January 11, 2010
Bank of Kuwait and the Middle East (BKME) transformed into an Islamic bank as its shareholders request, and will bear the name Al-Ahli United, Hamad Al-Marzoug, board chairman and managing director of the bank, said in a statement.  Accordingly, several procedures had been taken, such as upgrading the computer system and training staff on latest financial systems. Moreover, highly qualified personnel has been employed to assist the adoption of the new Islamic financial products, Al-Marzoug added. The bank has also updated its work policies to be compliant with the Islamic rules for auditing, he said.

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