|25 September, 2016

Kuwait Finance House strengthens its Malaysia operations and supports local Halal industry

Kuwait Finance House -Malaysia (KFH-Malaysia) is taking steps towards expanding its operations in Sarawak.

KFH -Malaysia delegates with Malaysian Officials during the courtesy call

KFH -Malaysia delegates with Malaysian Officials during the courtesy call

Kuwait, 25 September 2016

Kuwait Finance House -Malaysia (KFH-Malaysia) is taking steps towards expanding its operations in Sarawak on top of the two existing branches at present - in Satok (Kuching) and Tanjung Manis, the only banking facility available in Tanjung Manis halal hub.

Its Chief Executive Officer David Power reinstated KFH's commitment to grow and expand  after paying a courtesy call on Chief Minister Datuk Patinggi Tan Sri Adenan Satem at his office in Wisma Bapa Malaysia yesterday.

He added that there were 15 branches throughout Malaysia since its establishment in 2006, two of them in Sarawak. He noted they were evaluating the performance of the two existing branches first and consider to set up another branch.

"What is certain is that the Satok branch is performing at a satisfactory level. There are no plans at the moment to set up additional branches in the state but to focus on the development of its Tanjung Manis branch to support the state government in developing the halal hub."

On the courtesy call, Power said it was meant to convey to the chief minister KFH's commitment in supporting the halal industry here by providing financial facilities and have more business engagement with Sarawakians, particularly local industry players in Tanjung Manis.

KFH Malaysia is looking forward to stronger business ties in the state in the long term to provide Islamic financial services and products to the people of Sarawak.

The bank's Chief Operating Officer, David Wee Kim Peng, Deputy Chief Executive Officer Nor Azzam Abdul Jalil and its Satok Branch Manager Taib Kipli were also present at the courtesy call.

The Chief Minister also received a courtesy call from Hiroko Matsuo the Japan Consular Officer for Sabah, Sarawak and Labuan.

-Ends-

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 446 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 2016

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