KFH wins ‘Islamic Bank of the 2017 – Global’ award from the Banker

22/10/2017 20:18 AST

Kuwait Finance House (KFH) won “Islamic Bank of the Year 2017 – Global” Award from the Banker Magazine, an international financial affairs publication owned by The Financial Times. The bank also won “Islamic Bank of the Year 2017 – Middle East” and “Islamic Bank of the Year 2017 – Kuwait” Awards from the same magazine.

KFH received the award on the sidelines of the Meetings of the IMF and World Bank 2017 held in Washington- USA. Group Chief Executive Officer at KFH, Mazin Al-Nahedh stated on receiving the awards, that the awards culminate the bank’s efforts in offering highest standards of Islamic financial services in different geographies in the world. The wards confirm KFH’s pioneering position in the Islamic finance industry worldwide. They are an impetus for further achievements and success towards better addressing the customers’ needs and ambitions.

He added that KFH attaches great importance to the service quality and integration among group banks. KFH managed to offer an integrated system of technical, financial, and banking services. The bank has vast experience in balancing sharia requirements with the latest banking technology.

He emphasized KFH’s leadership in the field of Islamic banking, since it was the first Islamic bank in the world, the Middle East and in Kuwait, and highlighted the bank’s fruitful efforts in expanding in various markets. Al-Nahedh stressed the importance of operating as per strategy and plans in all markets, while focusing on the local market, indicating that all of KFH’s global success would have never been possible without the solid platform and high level of professionalism.

It is noteworthy that KFH has been selected for the awards by The Banker after expert editorial team judge the awards based on the entries supplied by banks. Judges look at a wide range of criteria, from both the bank’s core financials such as Profits, ROW, and ROA through to improvement year on year. Innovation is also a key indicator for judges so elements such as innovative products, customer services and initiatives also go a long way towards to the application.

The Banker Magazine was established in 1926 and is the leading monthly finance title of the Financial Times Group. For over 85 years the Banker has been the leading journal of record for the worlds banking community.

Kuwait Times