Incorporated in the State of Kuwait in 1977, Kuwait Finance House (KFH) was established by H.H. The Emir of Kuwait as the first Islamic bank in the country. KFH started operations in August 1978 amid skepticism by proponents of conventional banking. However, after proving its success over the years of operation, KFH is now a market leader not only in the Islamic banking industry, but also in the banking sector as a whole. KFH is listed on the Kuwait Stock Exchange with one of the highest market capitalisations in the banking industry.
KFH provides Islamic banking services, including consumer banking, real estate financing, lease financing, auto finance, trade finance, direct investments and portfolio investing, all of which are conducted in strict compliance with Shariah.
KFH is firm on its globalisation strategy which it practices via direct investments in targeted markets. KFH has established its presence in Turkey, Jordan, Malaysia, Singapore, and Australia, with affiliates in the UAE, Jordan, Oman and Bangladesh. KFH has also contributed to an unprecedented transformation of various conventional banks to Islamic banks. KFH provides financial investment solutions within Europe, the U.S., South East Asia, and the Middle East via collaborations with various financial institutions such as Citi Group, HSBC, Deutche Bank, JP Morgan Chase, PNB Paribas, ABN Amro and the Islamic Development Bank.
In addition to its numerous landmark deals world-wide, KFH has been awarded “The Best Islamic Financial Institution in the World” Award. It has been selected by the Banker Middle East Magazine to be the Best Islamic Financial Institution Worldwide in recognition of its leadership, multiple successes, and the qualitative and quantitative achievements made by KFH in the Islamic financial business. KFH also won “The Best Bank in Kuwait” Award from The Banker International Magazine. KFH has also been awarded “The Best Islamic Institution Worldwide” Award for three successive years by EuroMoney; being a key producer and developer of Al-Ijarah product. It also attained “The Best Islamic Bank for Retail Banking Services & Credit Cards” Award. In addition, KFH also won the “Best Overall Islamic Bank” and “Most Innovative Islamic Bank” in the IFN Awards – Best Islamic Bank Poll 2007. |