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$55 billion bank not paying its $6,250 ICANN fees

Kevin Murphy, April 30, 2018, 14:29:44 (UTC), Domain Registries

Kuwait Finance House has become the latest new gTLD registry to get slapped with an ICANN breach notice for not paying its quarterly fees.

The company is a 40-year-old, Sharia-compliant Kuwaiti bank managing assets of $55.52 billion, according to Wikipedia. It has annual revenue in excess of $700 million.

But apparently it has not paid its fixed ICANN dues — $6,250 per quarter — for at least six months, according to ICANN’s breach letter (pdf).

KFH runs .kfh and the Arabic internationalized domain name equivalent .بيتك (.xn--ngbe9e0a) as closed, dot-brand domains.

Neither appears to have any live sites, but both appear to be in their launch ramp-up phase.

ICANN has been nagging the company to pay overdue fees since November, without success, according to its letter.

They’re the third and fourth new gTLD registries to get deadbeat breach notices this month, after .qpon and .fan and .fans.

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Comments (3)

  1. rathead says:

    Thanks. i’ve been looking for a sharia compliant registrar for the last 20 years.
    this is a godsend.

  2. Snoopy says:

    Smart move! They probably didn’t get $55 billion by wasting money. .Brand has failed.

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