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Kuwait Finance House

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Kuwait Finance House
Native name
بيت التمويل الكويتي
Company typePublic
Founded1977; 47 years ago (1977)
FoundersConsortium of Kuwaiti merchants
HeadquartersKuwait City, Kuwait
(Group Headquarters)
Number of locations
631 branches and over 2100 ATMs worldwide [1]
Key people
Hamad Abdulmohsen Al-Marzook
Abdulwahab Iesa Alrushood
(Acting CEO)
RevenueIncrease KD 1,461 million KWD (2023)
Increase KD 584.51 million KWD (2023)
Total assetsIncrease KD 38.01 Billion KWD (2023)
Number of employees
20,320 (2023)

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 rulings. KFH is listed in Kuwait Stock Exchange (KSE), with a market capitalization of $8.2 billion (KWD 2.49 billion) as of May 2016. Assets total $55.52 billion (KWD 16.83 billion) and deposits amount to $34.97 billion (KWD 10.66 billion.) [2][3]



Kuwait Finance House was established in 1977 as Kuwait's first Islamic bank. It received 170 applications to open new accounts on its first day of operation on 31 August 1978. KFH opened in temporary headquarters on Ahmad Al-Jaber Street, before moving to the Emad Commercial Center in 1983 and then its present-day location on Abdullah Al-Mubarek Street in 1986. By 1983, KFH was the only Islamic Bank listed on the Banker's list of the top 100 Arab Banks.[4] In 1984, KFH was listed on the Kuwait Stock Exchange.[5] In 1989, KFH's subsidiary in Turkey, Kuveyt Turk Participation Bank, was established by a Turkish cabinet decree.

KFH Capital Investment Company was formed in 1999 to invest in the public equity, private equity, and real estate markets across the globe. KFH Capital is the main investment of the bank, with offices in Safat, Kuwait and Oman.[6]

In 2002, KFH opened its first branch in Bahrain and in 2005 KFH Malaysia was established, becoming the first Islamic bank to be granted a license in the county under the 1983 Islamic Banking Act.[7][8] Since then, KFH and Kuveyt Turk have established a presence in the Kingdom of Saudi Arabia, Jordan, the UAE and Germany.

In July 2017, KFH studied a merger with Ahli United Bank.,[9] and in July 2022 KFH sealed the merger of Ahli United Bank.



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 is a major player in the international sukuk market, the volume of which for KFH trading group reached US$11.4 billion in 2016.[10]

According to the KFH website, until January 2017, KFH ran the following subsidiaries:

  • Kuwait: KFH Capital, Development Enterprises Holding Co., Aref Investment Group (Closed), Kuwait Finance House Investment Company, Emmaa Real Estate Company Ksc (Closed), Kuwait Finance House Real Estate Company, International Integrated Computer Systems Group Co., Human Investment for Training and Consulting, Public Services Company, ALAFCO Aviation Lease And Finance Company Kscc, Al Salam Hospital Company Ksc (Closed)
  • Bahrain: Kuwait Finance House – Kingdom Of Bahrain, Bahrain Pearl Company, INMAA House Real Estate Company, Mena Telecom Company, Miracle Graphics Company, Sevilla Village Company, Diyar Al Moharaq Company, B K Development Company, Baitak Oasis Industrial Company, Kuwait Finance House- Hashemite Kingdom Of Jordan, Diyar Homes Company
  • Saudi Arabia: Saudi Kuwaiti Finance House, "Baitak" Real Estate Company (KSA), Takhteet and Namaa Real Estate Company (GYO)
  • Turkey: Kuwait Turkish Participation Bank "Kuwait Turk", Corviztatel Company, Corviz Company (GYO)
  • Malaysia: Kuwait Finance House, Baitak Asset Management Company, Baitak Libwan Company, Baitak Nominees Company

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



This is the ownership structure after the merger of Kuwait Finance House with Ahli United Bank:

Key People








Al-Najma SC


  1. ^ "About Us". Kuwait Finance House (Malaysia) Berhad. Retrieved 4 December 2021.
  2. ^ "Kuwait Finance House". Forbes. Retrieved 1 February 2017.
  3. ^ "KFH KWD 165.2 Million 2016 Net Profit for KFH Shareholders, an increase of 13.3 per cent". CPI Financial. Retrieved 1 February 2017.
  4. ^ "Islamic Banking Services – An Overview" (PDF). Inflibnet.ac.in. Retrieved 22 July 2017.
  5. ^ "Oxford Business Group Analysis - Kuwait Finance House". Oxford Business Group. October 2015. Retrieved 21 February 2017.
  6. ^ "Company Overview of KFH Capital Investment Company". Bloomberg. Retrieved 21 February 2017.
  7. ^ "FAİZSİZ KREDİ VEREN BANKALAR LİSTESİ (2021 GÜNCEL)". Gazete Banka (in Turkish). Retrieved 2021-03-26.
  8. ^ "MBSB eyeing KFH Malaysia in bid to become full-fledged Islamic bank". The Star. Retrieved 21 February 2017.
  9. ^ "CORRECTED-Kuwait Finance House studying merger with Ahli United Bank". Reuters.com. 18 July 2017. Retrieved 22 July 2017.
  10. ^ "KFH Celebrates Its 40th Anniversary". KUNA. Retrieved 18 July 2017.
  11. ^ "%3 ملكية "التأمينات البحرينية" في "بيتك" بعد اندماج "الأهلي المتحد"".
  12. ^ "%3 ملكية "التأمينات البحرينية" في "بيتك" بعد اندماج "الأهلي المتحد"".
  13. ^ "Al-Mukhaizeem: KD275m is KFH net profits in 2007". AMEInfo.com. 2008-01-23. Retrieved 2010-03-02.
  14. ^ "Gulf Bank Receives 'Straight Through Processing Excellence' Award 2015 from Citibank (Gulf Bank of Kuwait KSC)". article.wn.com. Retrieved 2017-06-07.
  15. ^ "Global Finance Magazine - Global Finance Names The World's Best Islamic Financial Institutions 2016". Global Finance Magazine. Retrieved 2017-06-07.
  16. ^ News, EIN. "Log In - IMF News Today - EIN News". imf.einnews.com. Retrieved 2017-06-07. {{cite web}}: |last= has generic name (help)
  17. ^ "KFH Wins "Best Bank in Kuwait" Award from EMEA Finance (Kuwait Finance House KSC)". article.wn.com. Retrieved 2017-06-07.
  18. ^ "KFH Wins "Best Islamic Bank 2016" Award (Kuwait Finance House KSC)". article.wn.com. Retrieved 2017-06-07.
  19. ^ "KFH Wins "Best Islamic Bank in Kuwait 2015" Award from IFN". Retrieved 2017-06-07.
  20. ^ "KFH-Turkey Wins "Europe's Best Digital Participation Bank" Award from Global Finance". Zawya.com. 30 August 2015. Retrieved 22 July 2017.