Bank Won "Kuwait Deal of the Year" & "Turkey Deal of the Year" Awards
Kuwait, March 27th 2016
Kuwait Finance House (KFH
) won three awards from Islamic Finance News Magazine (IFN), which are "Best Islamic Bank in Kuwait 2015", "Kuwait Deal of the Year" for its participation in National Industries Holding KWD 85 million Commodity Murabaha where KFH
's share of the deal amounted to KD 25 Mln, and Turkey Deal of the Year related to the KT Kira Sertifikaları Varlık Kiralama RM800 million Sukuk Wakalah.
Deputy General Manager Private Banking at KFH, Abdullah AlMejhem stated on the sideline of receiving the awards in the awards ceremony held in Dubai, that KFH managed to offer an integrated system of technical, financial, and banking services, not to mention meeting the expectations of its clients. He added that the bank has vast experience in balancing Shariah requirements with the latest in banking technology. He emphasized KFH's leadership in the field of Islamic banking, since it was the first Islamic bank in Kuwait, and highlighted the bank's fruitful efforts in expanding in various markets, which allowed it to become the best Islamic bank in the world.
AlMejhem stressed the importance of operating as planned in all markets, while focusing on the local market, indicating that all of KFH's global success would have never been attainable, if the bank did not have a solid platform and high level of professionalism.
KFH has an impeccable record in arranging sukuk deals and leading financing for development projects in several vital sectors, which contributes in boosting the national economy.
It is noteworthy that KFH has been selected for the prizes by IFN's judging panel that groups a number of experts in the Islamic banking industry through an intensive evaluation process according to a set of principles and financial indicators. IFN is a well renowned institution in the Islamic banking industry which publishes various studies and articles around the banking sector. It is affiliated to REDmoney, the foremost global provider of specialized Islamic financial media services across three core divisions of events, publishing and training. Established in 2004, the firm has offices in Dubai and Kuala Lumpur.
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