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Fri, 09 Jan 2009 | 01:27 GMT

Kuwait Finance House   (KFIN.KSE)
Also known as: KFH
Sector | Industry
Financial Services | Commercial Banks - Islamic
 
Country of Origin
Kuwait
Last Trade
1.260 KWD
+ 1.61%
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Updated: May 30, 2008
 
Joint Stock
 
 
Provides Islamic commercial banking services including deposits, loans and credit cards; invests in real estate, aviation, financial services and other sectors all in accordance with Islamic principles; provides asset management services.
1977 (March)
2,000 (Company)
95
Al Tayseer
Allo Baitak
Baitak 2 Baitak
 
KNet
 
 
Kuwait (47)
 
 
 
 
KFIN 
Ordinary 
KWD 
 
 Key Officers
Bader Abdulmohsen Al Mukhaizim
Chairman and Managing Director
Salman Younis
Managing Director, Kuwait Finance House Malaysia
 
 Contact Details
Address:
KFH Building
Abdullah Al Mubarak Street
Murqab Area
P.O. Box 24989
Kuwait Safat 13110
Kuwait
 
+965 2244-5050
 
+965 2245-5135
+965 2246-9756
 
kfh@kfh.com
 
www.kfh.com
 
www.psc.com.kw
www.giat.net
www.sih-kw.com
www.kfh.com.my

 
  Latest Headline
Kuwait Invest Dar To Sell Stakes In Bk, Aston Martin - Report - Zawya Dow Jones Newswires
 
  Business Overview
Kuwait Finance House (KFH) was established in Kuwait in 1977 as Kuwait's first Islamic Bank with an aim to develop and promote Islamic Banking worldwide. KFH was listed on the Kuwaiti Stock Exchange (KSE) in September 1984.

In 2005, KFH ranked as Kuwait's first Islamic bank and second among all commercial banks in terms of shareholders equity with over KWD 673 million. Globally, KFH is ranked second to Al Rajhi Banking and Investment Corporation of Saudi Arabia. KFH's subsidiaries, investments and joint ventures spanned across six countries in 2005.

In 1993, KFH established Al-Enma Real Estate Company (AERE)Al-Enma Real Estate Company (AERE)Loading... to manage KFH's real estate portfolio while in 2002 KFH established Kuwait Finance House (Bahrain)Kuwait Finance House (Bahrain)Loading... as a 100% owned subsidiary to manage its Bahraini operations. In addition, KFH owns 20% in Sharjah Islamic BankSharjah Islamic BankLoading..., one of UAE's leading Islamic Banks.
 
 
 Major Shareholders
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  Organization Structure and Related Entities
Subsidiaries/Associates/Affiliates
 
Name  Country  Holding
Al Nakheel United Real Estate Company Kuwait 100.00%
Gulf International Automobile Trading Company Kuwait 100.00%
Kuwait Finance House Malaysia Malaysia 100.00%
Malaysian KFH Capital SDN BHD Malaysia 100.00%
Muthanna Investment Company Kuwait 100.00%
Saudi Kuwait Finance House [SKFH] Saudi Arabia 100.00%
Kuwait Finance House Bahrain Bahrain 97.00%
International Turnkey Systems Group Kuwait 85.00%
Public Services Company Kuwait 80.00%
Kuwait Turkish Evkaf Finance House Turkey 62.00%
Al Enma'a Real Estate Company Kuwait 58.62%
Alafco Aviation Lease and Finance Company Kuwait 53.62%
AREF Investment Group Kuwait 53.08%
Al Salam International Hospital Kuwait 52.00%
Aliph Pacific Singapore 40.00%
Capital Bank - Sudan Sudan 40.00%
Gulf Investment House Kuwait 30.72%
Al Raya Global Real Estate Company Kuwait 30.00%
Sokouk Exchange Center - Tadawul Bahrain 30.00%
First Takaful Insurance Company Kuwait 27.50%
Liquidity Management Centre Bahrain 25.00%
Sharjah Islamic Bank UAE 20.00%
Turkapital Holding Corporation Turkey -
Investments
 
Name  Country  Holding
Afkar Holding Company Kuwait 10.00%
Arabian Capital Investment and Finance Company Kuwait 10.00%
Al Taameer Real Estate Investment Company Kuwait 10.00%
Securities House Kuwait 9.95%
Arkan Al Kuwait Real Estate Company Kuwait 9.93%
Credit Information Network Company Kuwait 7.00%
Al Farabi Investment Company Kuwait -
Capivest Investment Bank Kuwait -
Shared Electronic Banking Services Company Kuwait -
Funds
 
Name  Country  Holding
Al Mumayaz Industrial Real Estate Fund Kuwait -
Al Soor Leasing Fund Kuwait -
Baitak Asia Real Estate Fund Kuwait -
Millenium Aircraft Leasing Company Fund Kuwait -
Developments and Projects
 
Name  Country  Holding
Jahoo HongKong City [via Kuwait Finance House Malaysia ] China -
Related Organizations
 
Name  Country  Holding
Accounting and Auditing Organization for Islamic Financial Institutions Bahrain -
 
 
  Representatives
Auditors
Ernst and Young Al Aiban Al Osaimi and Partners
Deloitte Middle East
 
 Summary Financials
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 Available to subscribers only. Information in this section includes key financials data such as Total Revenues, Net Profits, Totals Assets, Shareholder Equity, etc. » More Details
 
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