Kuwait Finance House Says It Has No Exposure to Derivatives

Kuwait Finance House (KFIN), the country’s largest Islamic lender, said it has no expoosure to derivatives, according to a statement to the Kuwait bourse today in reacction to a newspaper report.

The lender said it was committed to regulations that govern the banking industry and is not in violation of central bank rules, according to the statement.

To contact the reporter on this story: Inal Ersan in Dubai at iersan@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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