KFH a strategic partner of 15th AAOIFI conference

To further solidify its commitment towards the support in the development of the Islamic banking sector in the Kingdom of Bahrain and internationally. Kuwait Finance House Group (KFHG) participated as a strategic partner in AAOIFI’s 15th Annual Sharia Conference that was held on the 12th and 13th of April at the Diplomat Radisson Blu Hotel in Manama.

The Conference, considered one of the most prominent in the region, focused on the legal and governance aspects of Islamic finance. It was organized by the Accounting and Auditing Organization for Financial and Islamic Institutions (AAOIFI) and sponsored by the Central Bank of Bahrain, with the participation of 40 Islamic finance experts from 16 countries including the GCC, Egypt, Sudan, Jordan, Algeria, Pakistan, Canada, America and others.

A number of important issues were discussed related to the Islamic finance industry, such as the drafting of legal documents in line with international standards and Islamic practices.

Abdulhakeem Al-Khayyat, Managing Director and Chief Executive Officer of Kuwait Finance House-Bahrain, on behalf of the Group, said: “KFH Group are always keen to support the various financial events taking place regionally, with a special focus on Islamic banking conferences that have a positive impact on the banking sector in general. Our sponsorship of this conference reflects the Group’s support as a leading Islamic financial institution in the region.”

Al-Khayyat praised the pioneering role played by the Accounting and Auditing Organization for Islamic Financial Institutions in organizing this annual conference and expressed his aspiration for further cooperation with this body in future initiatives and conferences.

AAOIFI’s 15th annual sharia conference was attended by a host of Islamic leaders including prominent scholars, bankers, experts, lawyers, accounting professionals, senior managements of central banks and regulatory and supervisory authorities, academics, and members of the media. It also witnessed attendance by a number of ministers, ambassadors, CEOs of Islamic financial institutions and research and training centers and consultancies as well as representatives of international and regional organizations. A number of legal, and governance-related topics were discussed at this year’s conference including topics relating to both theoretical and practical perspectives, such as regulatory and supervisory frameworks for the Islamic finance industry.

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 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.