The Monetary Law, the Central Bank of Kuwait and the Organization of the Banking Profession prohibit any bank from stopping its operations or merging with another bank unless it obtains a previous license from the Minister of Finance based on…
The Monetary and Central Bank of Kuwait Law and the Organization of the Banking Profession No. 32 of 1968 referred to the prohibited activities of banks in Articles 66 to 70 of the law. Prohibited business of banks Carrying out…
The Central Bank of Kuwait has determined the procedures for opening branches of Islamic banks, which local Islamic banks must abide by when they wish to open bank branches inside and outside the State of Kuwait. Procedures for opening branches…
