The bank also reported an increase in deposits of 31 per cent to KD6.31m ($23.79m) during the three months to the end of June, compared with the same period last year, and an increase in assets of 28 per cent to KD10.27bn ($38.72).

Bader al-Mukhaizeem, chairman of the bank, said that KFH had received a number of requests from regional governments for it to establish a presence in their countries to develop the Islamic finance sector.