Meetings discussed future of Islamic finance, developments of global economy
Kuwait: KFH-Malaysia took part in the meetings held by the Islamic Financing Services Board (IFSB) that have been hosted by the Malaysian Central Bank recently in the Malaysia capital. The meetings took place over two days, and were attended by other Islamic finance institutions, in addition to a large number of Malaysian officials, businessmen, economists, and others interested in the Islamic finance field from all over the world.
The meetings were held in collaboration with the Islamic Institution for Training and Research that is part of the Islamic Development Bank. The discussions included key issues that can guide the path of the Islamic banking field in the coming phase, including the implementation of Basel III standards, in addition to other important topics.
KFH-Malaysia contributed efficiently in the summit through engaging in forum discussions and workshops presented by researchers and executives from Islamic banks and institutions. The discussions showed how Islamic banking can adapt to the global developments and changes, which allows it to further prosper, which is evident by the high demand for Islamic financial services and products, not to mention various Islamic banking tools.
It is worth noting that the bank was represented at the summit by CEO Abdul Hamid Abdul Hafez and a specialized team of employees, in order to ensure effective participation that can play a role in making the summit successful. The delegation shed light on the bank's path to a prestigious status in the Malaysian market.
IFSB is an international organization that promotes Islamic banking through issuing international standards and guidance for key players in the Islamic finance field that includes banking, investment, and insurance sectors. The IFSB comprises of 184 members that represent 55 supervisory and legislative authorities, 8 governmental organizations, and 121 market players and professional authorities that operate in 41 areas worldwide.
Kuwait Finance House (KFH)
KFH was established in Kuwait in 1977 and is enlisted in the Kuwait Stock Exchange. KFH Group is a global pioneerin the field of Islamic banking services, where it offers a wide array of Islamic products and services, not to mention a high standard of innovation and client service.
KFH manages its operations in the GCC, Asia, and Europe through over 310 branches, including KFH-Turkey, in order to offer services for the bank's clients in Turkey, Malaysia, Saudi Arabia, Bahrain, Australia, Jordan, Dubai, and Manheim in Germany.
KFH's mission is to achieve highest levels of excellence and innovation in the field of client service, while developing common interest for all those concerned with the financial institution. KFH's vision is to spearhead the global development in Islamic financial services, and to upgrade the bank into the level of becoming the most sustainable profitable Islamic bank in the world.
KFH's values include cementing leadership through all its businesses, including leadership in the Islamic banking services worldwide, through innovation and in client service and the development of its employees. In addition, KFH is committed to all its procedures, and to setting up long-life partnerships with the concerned authorities.
For more information, please visit: www.kfh.com
© Press Release 2013
