KFH bags top three pres­ti­gious awards Global Fi­nance Mag­a­zine recog­ni­tion at IMF/World Bank meet­ings

Kuwait Times - - BUSINESS -

Global Fi­nance Mag­a­zine has awarded Kuwait Fi­nance House (KFH) the “Best Is­lamic Fi­nan­cial In­sti­tu­tion in GCC 2016”, “Best Is­lamic Project Fi­nance Provider 2016” awards, and “Best Is­lamic Fi­nan­cial In­sti­tu­tion in Tur­key 2016” for KFH-Tur­key as part of the pres­ti­gious Mag­a­zine’s awards for the World’s Best Is­lamic Fi­nan­cial In­sti­tu­tions in 2016. KFH has been hon­ored at an awards cer­e­mony con­ducted dur­ing the IMF/World Bank An­nual Meet­ings in Wash­ing­ton, DC, USA.

The mag­a­zine stated in its re­port that the awarded fi­nan­cial in­sti­tu­tions con­trib­uted to the growth of Is­lamic fi­nanc­ing and suc­cess­fully met their cus­tomers’ needs for Sharia-com­pli­ant prod­ucts, while cre­at­ing the foun­da­tion for con­tin­ued growth and safety in the fu­ture, with mod­ern and ef­fi­cient de­liv­ery chan­nels.

All selec­tions were made by the highly pro­fes­sional team of Global Fi­nance, af­ter ex­ten­sive con­sul­ta­tions with bankers, cor­po­rate fi­nance ex­ec­u­tives and an­a­lysts through­out the world. The strin­gent cri­te­ria of giv­ing the award in­cluded growth in as­sets, prof­itabil­ity, geo­graphic reach, strate­gic re­la­tion­ships, new busi­ness devel­op­ment and in­no­va­tion in prod­ucts. Also, among the cri­te­ria con­sid­ered were rep­u­ta­tion, cus­tomer sat­is­fac­tion, and the opin­ions of an­a­lysts and oth­ers in­volved in the in­dus­try.

Mean­while, KFH-Group CEO Mazin Saad AlNa­hedh said in a press state­ment on the side­line of the award cer­e­mony held in the USA, Wash­ing­ton dur­ing the IMF/World Bank An­nual Meet­ings, that re­ceiv­ing such pres­ti­gious awards from Global Fi­nance Mag­a­zine af­firms cus­tomers’ con­fi­dence in the bank, and re­it­er­ates its leadership in the Is­lamic Fi­nance in­dus­try at a global level, in­di­cat­ing the three awards cul­mi­nate KFH’s achieve­ments and ef­forts in of­fer­ing clients the best bank­ing and fi­nan­cial ser­vices in the coun­tries where it op­er­ates, say­ing “wher­ever we op­er­ate, we are and re­main com­mit­ted to be the Best”.

More­over, he re­marked that KFH is as­sum­ing sig­nif­i­cant na­tional role in the par­tic­i­pa­tion in fi­nanc­ing ma­jor devel­op­ment projects, not to men­tion its con­tri­bu­tion in bridg­ing the coun­try’s bud­get deficit by is­su­ing Tawar­ruq. KFH is highly ex­pe­ri­enced, since it has fi­nanced ma­jor de­vel­op­men­tal projects in the field of in­fra­struc­ture in the re­gion, such as the oil, gas, mega con­struc­tion projects, and other sec­tors.

With re­gards to KFH-Tur­key, Al-Na­hedh boasted that it is an as­set for the Turk­ish econ­omy, not­ing that the rea­son be­hind the Bank’s suc­cess is its cus­tomer ori­ented and eth­i­cal based ap­proach. KFH-Tur­key sets long-term re­la­tions with its cus­tomers by putting high­level ser­vice qual­ity in the cen­ter.

“In ad­di­tion to its value-driven bank­ing ap­proach, KFH-Tur­key pro­vides a wide range of in­no­va­tive and tai­lor-made prod­ucts in all seg­ments in order to best meet the de­vel­op­ing needs of its di­verse client base. The bank makes ex­ten­sive use of the lat­est tech­nol­ogy to of­fer in­no­va­tive prod­ucts and ser­vice. KFHTurkey, as one of the ma­jor play­ers in the na­tional fi­nance in­dus­try, has al­ways sup­ported the ac­tors of the real econ­omy” added ANa­hedh.

It is worth not­ing that a high-level del­e­ga­tion of KFH is cur­rently par­tic­i­pat­ing in the IMF/World Bank meet­ing, in­clud­ing Group CEO, Mazin Al-Na­hedh, Group Chief Strat­egy Of­fi­cer Fa­had Al-Mukhaizeem, Group Chief Trea­sury Of­fi­cer Ab­dul­wah­hab Al­ros­hood, Group Chief Whole­sale Bank­ing Of­fi­cer, Ahmed Alkharji, CEO- KFH-Tur­key Ufuk Uyan and CEOKFH Cap­i­tal Ab­du­laziz Al­mar­zouq.

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.

Al-Na­hedh re­ceiv­ing KFH awards.

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