KFH ‘Safest Is­lamic Bank in GCC 2018’: Global Fi­nance Magazine

KFH-Group CEO re­ceives three pres­ti­gious awards at IMF, WBG meet­ings

Kuwait Times - - Business -

KUWAIT: Kuwait Fi­nance House Group (KFH) won three pres­ti­gious awards from Global Fi­nance Magazine which are: the Safest Is­lamic Bank in the GCC-2018 for KFH, the “Best Is­lamic Bank in Turkey” for KFH-Turkey, and the “Best Is­lamic Bank” in Europe for KT Bank AG.

KFH- Group CEO Mazin Saad Al-Na­hedh re­ceived the awards on the side­lines of the 2018 An­nual Meet­ings of the In­ter­na­tional Mone­tary Fund and World Bank Group in Bali, In­done­sia.

Al-Na­hedh said “re­ceiv­ing such pres­ti­gious awards from Global Fi­nance Magazine af­firms cus­tomers’ con­fi­dence in the Bank, and re­it­er­ates the bank’s lead­er­ship po­si­tion in the Is­lamic fi­nance in­dus­try at a global level, in­di­cat­ing the awards cul­mi­nate KFH’s achieve­ments and ef­forts in of­fer­ing the best Is­lamic fi­nan­cial ser­vices.

He added that KFH achieves sus­tain­able prof­itabil­ity and is char­ac­ter­ized by the growth and di­ver­si­fi­ca­tion of its ac­tiv­i­ties and ser­vices, sup­ported by the con­fi­dence of cus­tomers, the re­gional and global re­li­a­bil­ity and cred­i­bil­ity, not to men­tion the pres­ti­gious and valu­able bank­ing brand.

He con­tin­ued: “KFH at­taches great in­ter­est in pur­su­ing pro­fes­sional risk man­age­ment, while pay­ing great at­ten­tion to ser­vice qual­ity, in­no­va­tion and in­vest­ing in hu­man cap­i­tal de­vel­op­ment. KFH was es­tab­lished as the First Is­lamic bank in Kuwait, and it is now the pi­o­neer of the Is­lamic bank­ing sec­tor. KFH suc­ceeded in de­vel­op­ing sev­eral fi­nan­cial prod­ucts in­clud­ing Sukuk and Ijara.”

He pointed out that KT Bank AG, the Ger­man Is­lamic Fi­nan­cial In­sti­tu­tion of­fers com­pre­hen­sive fi­nan­cial prod­ucts and ser­vices based on the prin­ci­pals of sharia. KT Bank AG’s award of “Best Is­lamic Bank” in Europe for the year 2018 is an im­pe­tus for fur­ther growth in Ger­many; the largest and most sig­nif­i­cant mar­ket in Europe.

More­over, KFH-Turkey con­tin­ued its ef­forts in record­ing new achieve­ments. The Bank of­fers a wide range of in­no­va­tive fi­nan­cial prod­ucts and ser­vices, and it di­ver­si­fied its busi­nesses to cope with its am­bi­tious strat­egy. The Bank has over 400 branches span­ning Turkey and 6000 em­ploy­ees. Ufuk UYAN, CEO of KFH-Turkey re­ceived KFHTurkey award.

KFH was se­lected through an eval­u­a­tion of long-term credit rat­ings from Global rat­ing agen­cies and the to­tal as­sets of the 1000 largest banks world­wide.

The re­port is­sued by the Global Fi­nance Magazine, eval­u­ates the safest banks based on the re­gion. This is in line with the great in­ter­est of the Is­lamic fi­nance in­dus­try that is in­creas­ingly grow­ing in the world fi­nan­cial mar­kets. The se­lec­tion of KFH, KFH-Turkey and KT Bank AG from Global Fi­nance was based on a num­ber of pro­fes­sional cri­te­ria based on ex­ten­sive con­sul­ta­tion with bankers, an­a­lysts and fi­nan­cial ex­perts from around the world. The se­lec­tion de­pended on dif­fer­ent fac­tors in­clud­ing Banks’ tech­ni­cal in­no­va­tion in ser­vice de­liv­ery, prod­uct qual­ity, en­ter­prise rep­u­ta­tion, cus­tomer sat­is­fac­tion, ge­o­graph­i­cal spread, and strate­gic re­la­tion­ships.

Global Fi­nance, founded in 1987, has a cir­cu­la­tion of 50,050 and read­ers in 189 coun­tries. Global Fi­nance’s au­di­ence in­cludes se­nior cor­po­rate and fi­nan­cial of­fi­cers re­spon­si­ble for mak­ing in­vest­ment and strate­gic de­ci­sions at multi­na­tional com­pa­nies and fi­nan­cial in­sti­tu­tions. Its web­site of­fers anal­y­sis and ar­ti­cles that are the legacy of 31 years of ex­pe­ri­ence in in­ter­na­tional fi­nan­cial mar­kets. Global Fi­nance is head­quar­tered in New York, with of­fices around the world.

(From right) Ah­mad Al-Kharji, Fa­had Al-Mukhaizeem, Mazin Al-Na­hedh, Ufuk Uyan

Mazin Al-Na­hedh re­ceiv­ing the award

KFH-Turkey CEO Ufuk Uyan re­ceiv­ing the award

Newspapers in English

Newspapers from Kuwait

© PressReader. All rights reserved.