KFH wins ‘Best Is­lamic Bank 2016’ award Global Is­lamic Fi­nance Awards GIFA

Kuwait Times - - BUSINESS -

Kuwait Fi­nance House (KFH) won “Best Is­lamic Bank 2016” award by the awards com­mit­tee of Global Is­lamic Fi­nance Awards GIFA in recog­ni­tion of its in­stru­men­tal role in con­sol­i­dat­ing the pil­lars of sus­tain­able growth of Is­lamic fi­nance in­dus­try, yet an ac­knowl­edg­ment of the pi­o­neer­ing po­si­tion of the bank in of­fer­ing in­no­va­tive sharia-com­pli­ant prod­ucts and ser­vices.

Yousef Al­ghu­sain, Se­nior Man­ager Strate­gic Busi­ness Co­or­di­na­tion re­ceived the award in the awards cer­e­mony held in the In­done­sian cap­i­tal, Jakarta. The award af­firms KFH’s suc­cess in of­fer­ing an in­te­grated sys­tem of tech­ni­cal, fi­nan­cial, and bank­ing ser­vices, not to men­tion meet­ing the ex­pec­ta­tions of its clients. The bank has vast ex­pe­ri­ence in bal­anc­ing Sharia re­quire­ments with the lat­est bank­ing tech­nol­ogy. KFH’s lead­er­ship in the field of Is­lamic bank­ing, since it was the first Is­lamic bank in Kuwait, high­lights the bank’s fruit­ful ef­forts in ex­pand­ing in var­i­ous mar­kets, which al­lowed it to be­come the best Is­lamic bank in the world.

KFH con­tin­ues its out­stand­ing per­for­mance across the Group banks in Bahrain, Tur­key, Ger­many, Malaysia and Saudi with fo­cus­ing on its busi­nesses in Kuwait. 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 Global Is­lamic Fi­nance Awards are part of pres­ti­gious awards pro­gram to cel­e­brate the suc­cess of Is­lamic fi­nan­cial ser­vices, yet to honor the best prac­tices of Is­lamic fi­nance in­dus­try in a bid to mo­ti­vate the con­sis­tency of busi­nesses with Shariah pro­vi­sions and meet­ing cus­tomer ex­pec­ta­tions.

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 KFHTurkey, 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.

Yousef Al­ghu­sain re­ceiv­ing the award

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