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Group Chief Treasury Officer at KFH, AbdulWahab Al-Roshood said that KFH ranking as the “Top Primary Dealer” on top of 10 IILM Primary Dealers of banks and financial institutions is a source of pride not only to KFH but also to Kuwait, indicating KFH came first followed by Standard Chartered and First Abu Dhabi Bank (FAB) in second and third places respectively. This confirms the prestigious status of KFH in the Sukuk market.
Al-Roshood added in a press release, that the ranking was based on several factors approved by the IILM including Secondary Market trading, Feedback from end investors on the service provided, efficiency and other factors in developing the program.
He remarked that the bank managed to achieve remarkable development in the Sukuk market at the regional and global levels as it motivated and encouraged a number of conventional and Islamic financial institutions to enter the market.
Sukuk are the most significant and powerful low risk investment financing instruments that contribute efficiently to the process of encountering liquidity crises. Sukuk are characterized as instruments of high liquidity, active secondary market, flexibility and good returns. Sukuk represent a significant investment outlet for banks and an effective instrument to manage liquidity in accordance with CBK regulations. In addition, Sukuk contribute in increasing shareholders profit.
Meanwhile, International Islamic Liquidity Management, IILM expressed appreciation for KFH’s excellent and strong performance, boasting the strong ties since inception from 2013.
Kuwait Finance House (KFH)
KFH was established in Kuwait in 1977 and is enlisted in the Kuwait Stock Exchange. KFH Group is a global pioneer in 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 480 branches, including KFH-Turkey, in order to offer services for the bank's clients in Turkey, Malaysia, Saudi Arabia, Bahrain, Germany, Jordan, and Dubai.
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 2017
