Kuwait Finance House: Difference between revisions
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'''Kuwait Finance House''' ({{lang-ar|بيت التمويل الكويتي}})(KFH) was established in the [[Kuwait|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 [[Kuwaiti Dinar|KWD]] 2.667 billion as of 31 December 2008. Assets total [[Kuwaiti Dinar|KWD]] 11.291 billion and deposits amount to [[Kuwaiti Dinar|KWD]] 7.262 billion. |
'''Kuwait Finance House''' ({{lang-ar|بيت التمويل الكويتي}})(KFH) was established in the [[Kuwait|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 [[Kuwaiti Dinar|KWD]] 2.667 billion as of 31 December 2008. Assets total [[Kuwaiti Dinar|KWD]] 11.291 billion and deposits amount to [[Kuwaiti Dinar|KWD]] 7.262 billion. It has been awarded Best Islamic Bank in the world from CPI Financial institution for the year 2014<ref>{{cite web|title=CPI Financial: KFH Best Islamic Bank in the World|url=http://www.zawya.com/story/CPI_Financial_KFH_Best_Islamic_Bank_in_the_World-ZAWYA20141224110337/|website=Zawya|accessdate=26 December 2014}}</ref>. |
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KFH provides Islamic Shari'a compliant products and services, covering banking, [[real estate]], trade finance, investment portfolios, and other products and services. |
KFH provides Islamic Shari'a compliant products and services, covering banking, [[real estate]], trade finance, investment portfolios, and other products and services. |
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Revision as of 10:48, 26 December 2014
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| File:Kfh logo.PNG | |
| Company type | Public |
|---|---|
| Industry | Banking |
| Founded | 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 |  KD 996 million KWD (2013) |
| KD 116 million KWD (2013) | |
Number of 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. It has been awarded Best Islamic Bank in the world from CPI Financial institution for the year 2014[1].
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
 | This section needs additional citations for verification. (July 2007) |
According to the KFH website, until December 2008, KFH ran the following subsidiaries:
- Kuwait Finance House (Malaysia) Berhad - Malaysia
- KFH Private Equity Ltd. - Cayman Islands
- Al Muthana Investment Company K.S.C. (Closed) - Kuwait
- Al-Nakheel United Real Estate Company K.S.C. (Closed) - Kuwait
- Development Enterprises Holding K.S.C (Closed)- Kuwait
- Baitek Real Estate Company - Saudi Arabia
- Kuwait Finance House (Bahrain) B.S.C. (c) - Bahrain
- Kuwait Turkish Evkaf Finance House - Turkey
- Aref Investment Group K.S.C. (Closed) - Kuwait
- ALAFCO – Aviation Lease and Finance Company K.S.C. (Closed) - Kuwait
- Al Enma’a Real Estate Company K.S.C. (Closed) - Kuwait
- Liquidity Management House Company K.S.C. (Closed) - Kuwait
- KFH-La Constitución (upcoming) - Ecuador
Investment In Associates
- First Takaful Insurance Company K.S.C. (Closed) - Kuwait
- Gulf Investment House K.S.C. (Closed) - Kuwait
- Liquidity Management Centre Company B.S.C. (Closed) - Bahrain
- Sharjah Islamic Bank - United Arab Emirates
- A’ayan Leasing & Investment Company K.S.C. (Closed) - Kuwait
- Munshaat Real Estate Projects Company K.S.C. (Closed) - Kuwait
- Sukuk Real Estate Development Company K.S.C. (Closed) - Kuwait
Ownership Of Kuwait Finance House
- 24.05% - Kuwait Investment Authority
- 10.48% - Public Authority for Minors Affairs - Kuwait
- 8.23% - Kuwait Awqaf Public Foundation - Kuwait
Kuwait Finance House Global Awards
- Most Trusted Islamic Bank from World Finance
- Most Valuable Banking Brand in ME from The Banker
- Best Islamic Bank in the Middle East from Euromoney
- Best Islamic Real Estate Finance House from Euromoney
- Best Deal from Global Finance
- Best Islamic Bank in GCC from Global Finance
References
- ^ "CPI Financial: KFH Best Islamic Bank in the World". Zawya. Retrieved 26 December 2014.