Kuwait Finance House

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Kuwait Finance House
Type Public
Industry Banking
Founded 1977; 37 years ago (1977)
Founders Consortium of Kuwaiti merchants
Headquarters Kuwait City, Kuwait - Group Headquarters
Key people Hamad Abdulmohsen Al-Marzook, Chairman
Anwar Al Ghaith, Acting CEO
Revenue Increase KD 996 million KWD (2013)
Net income Increase KD 116 million KWD (2013)
Employees 8,000+
Website www.kfh.com

Kuwait Finance House (Arabic: بيت التمويل الكويتي‎)(KFH) was established in the State of Kuwait, in 1977, as the first bank operating in accordance with the Islamic Shari'a. KFH is listed in Kuwait Stock Exchange (KSE), with a market capitalization of KWD 2.667 billion as of 31 December 2008. Assets total KWD 11.291 billion and deposits amount to KWD 7.262 billion.

KFH provides Islamic Shari'a compliant products and services, covering banking, real estate, trade finance, investment portfolios, and other products and services.

Since the 1980s, KFH has witnessed multi-activity in international expansion. It has established independent banks in Turkey, Bahrain, and Malaysia. Moreover, it has stakes in other Islamic banks. Its investment activities in the US, Europe, South East Asia and the Middle East contributed to achieving the growing profit of KFH.

KFH has always endeavored to expand its local branch network, covering 52 branches, in addition to special sections for ladies. It adopts the out-of-branch client concept. KFH has maintained its foothold as a pioneering entity in utilizing the latest technologies to meet the requirements of the various activities in which it operates, using online, SMS, as well as phone service (Allo Baitak), which has received the highest accreditation from the US Purdue University for outstanding customer service level.[citation needed]

Subsidiaries[edit]

According to the KFH website, until December 2008, KFH ran the following subsidiaries:

Investment In Associates[edit]

Ownership Of Kuwait Finance House[edit]

Kuwait Finance House Global Awards[edit]

References[edit]

External links[edit]