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In the news..
KFH Wins MEED’s "MENA Islamic Bank of the Year" Award for 2026
Kuwait Finance House (KFH) won the “MENA Islamic Bank of the Year” award for 2026 at the MENA Banking Excellence Awards - Corporate & Investment, organized by MEED. The new achievement underscores the Bank’s leading position regionally and globally across various banking sectors, its pioneering role in the Islamic finance industry, and its success in delivering innovative banking solutions as well as a comprehensive customer experience. This award highlights KFH’s success in blending banking expertise with innovation in products, services, and financial solutions. It enables the bank to meet diverse customer needs while helping companies execute financing and investment plans efficiently. KFH was honored at a ceremony held during Dubai Future Finance Week, an event gathering elite financial and banking leaders, decision-makers, and experts from across the region. KFH Executive Manager Social Media and PR Service Center, Abdullah Al-Saif received the award on behalf of the Bank. This recognition reflects KFH’s leading track record in consolidating Islamic banking and strengthening its contribution to financing economic and investment activities. This has been achieved by delivering tailored banking and financing solutions that adapt to market developments, meet corporate and institutional needs, and fulfill customer aspirations. KFH’s selection as MENA Islamic Bank of the Year reinforces its position as one of the world’s largest Islamic financial institutions, supported by strong financial solvency and outstanding operational performance. This is reflected in recording the highest profitability among banks in Kuwait, with net profit attributable to shareholders reaching KD 523.4 million by the end of the third quarter of 2026, a 6.2% increase compared with the same period last year. Net operating income also rose 11.7% to KD 1,004.7 million. Furthermore, the bank is successfully implementing its strategy to accelerate digital transformation, develop innovative banking products and services, enhance customer experience, strengthen competitiveness, and achieve sustainable growth. KFH continues to reinforce its local, regional, and international presence through its extensive expertise and broad geographic footprint through a network of more than 600 branches across 10 countries. The Bank also enjoys advanced capabilities in structuring financing solutions, building partnerships, managing customer relations, and delivering banking and investment services tailored to customers’ business requirements and expansion plans. The award highlights KFH’s pivotal role as a strategic partner in advancing Kuwait Vision 2035 through innovative financing solutions for major development projects, driving sustainable economic growth and underscoring its commitment to fostering investment and corporate banking excellence. Methodology An independent committee of leading bankers and experts evaluates 2026 MENA Banking Excellence Awards candidates against rigorous, transparent criteria. The panel reviews all submissions before approving final results and selecting winners. Criteria include measurable financial performance, financial strength, innovation, Sharia compliance, leadership in Islamic finance and Sukuk issuance, investment product development, and the delivery of high-quality advisory and financing solutions for corporate and institutional customers. MEED Established in 1957, MEED is a leading regional media platform specializing in economic analysis and business intelligence across the Middle East. In collaboration with GlobalData Financial Services, MEED presents the MENA Banking Excellence Awards - Corporate & Investment to institutions which demonstrate outstanding achievements in banking and financial services, with particular focus on innovation, service quality, and customer experience excellence.
KFH Honors the Winners of the Quran Memorization and Recitation Competition
Kuwait Finance House (KFH) has honored the winners of the 14th edition of the Quran Memorization and Recitation Competition, the largest of its kind in Kuwait in terms of prizes and number of participants. The initiative reflects KFH’s pioneering social role and its continuous commitment to developing the capabilities of children and young people as well as encouraging the recitation and memorization of the Holy Quran. The KFH Quran Memorization and Recitation Competition for children and youth attracted broad participation across various age groups, with winners being selected by a specialized judging panel. During his speech at the ceremony, KFH Executive Manager Social Media and PR Service Center, Abdullah Al-Saif, highlighted that the competition helps identify and nurture those with a talent for memorization and recitation while inspiring the younger generation to read the Holy Quran. He emphasized that the competition which KFH has organized for the 14th consecutive year, had drawn a large number of participants. “Several factors contributed to showcasing the participants’ abilities across various categories and levels, including a judging panel, seamless organization, and well-thought-out arrangements, all within an encouraging atmosphere of healthy competition aimed at achieving top results," he added. The winners expressed their delight at winning the competition, as it focuses on memorizing the Holy Quran and provides a valuable opportunity to inspire them and others to master its memorization and recitation. They described the contest as a commendable initiative by KFH, highlighting how it allowed them to showcase their talents while earning spiritual rewards. The competition is one of the main annual activities organized by KFH and is part of the Bank’s ongoing efforts to host events across various fields that align with the diverse interests of young people, match their capabilities, and nurture their talent.
Alterkait: Digital Transformation and AI Are Key Pillars of Economic Growth and Business Competitiveness
Kuwait Finance House (KFH) Deputy Group CEO Technology and Operations, Haytham Alterkait, said digital transformation has evolved beyond delivering services through applications and digital platforms to become a core pillar of modern institutions. He noted that it accelerates transactions, boosts productivity, and improves business efficiency, adding that the future of investment and economic growth is closely linked to technological advancements and investment in innovation. Speaking at the 5th edition of the MoneyTech 2026 summit organized by Al-Jarida, Alterkait stated that the agenda addresses key issues, particularly “Investing in Times of Uncertainty”, a topic that is currently relevant to economies and financial markets. He noted that the challenge extends beyond navigating market volatility to sustaining investment flows, supporting productive sectors, and balancing opportunity with risk management. Artificial Intelligence Alterkait explained that artificial intelligence marks a new stage in the financial sector’s evolution, offering powerful tools to analyze data, improve customer experiences, automation, strengthen risk management and early detection of fraud. He added that KFH views AI as a major driver of innovation and productivity, provided there is responsible adoption of new technology, strict adherence to data governance, and full transparency, aiming to achieve tangible improvements in business development and customer experience. Cybersecurity Alterkait highlighted the crucial role of cybersecurity in a rapidly expanding digital economy, noting that cybersecurity and operational resilience become even more critical as reliance on digital services grows. He added that confidence of customer and investor depends on an organization's ability to safeguard funds and data, secure transactions, and maintain uninterrupted services. He emphasized that investing in security and operational readiness is critical to strengthening financial sector stability and navigating challenges. He noted that an institution's ability to maintain uninterrupted services reinforces market confidence, adding that true operational resilience is built long before crises hit, through reliable infrastructure and effective response and recovery capabilities. Wealth Management and FinTech Alterkait noted that small and medium-sized enterprises (SMEs) and startups are vital for economic diversification and job creation. He emphasized that these businesses thrive on partnerships combining the expertise of financial institutions with the innovation of entrepreneurs. He added that the summit’s coverage of wealth management, FinTech, venture capital and entrepreneurship reflects the changing banking and economic landscape locally, regionally and globally. Connecting Investment Opportunities with Financing Alterkait said economic responsibility is central to KFH’s role in serving customers, the national economy and its markets. The Bank is committed to using its financial, operational and technological capabilities, as well as its regional and international network, to support customers, finance the real economy, and develop solutions that combine innovation, reliability and good governance. He added that Kuwaiti financial institutions’ expansion into regional and global markets opens more opportunities to share expertise, build partnerships and match investment opportunities with suitable financing. This strengthens Kuwait’s economic presence and supports sustainable development. Alterkait also explained the important role of Sharia-compliant financing and investment instruments, particularly sukuk, in diversifying funding sources and expanding investment options. He stressed that financial institutions’ success depends not only on financial performance, but also on the value they bring to the economy and society. 700 million e-banking transactions Alterkait said that KFH continues to develop its digital services, upgrade its infrastructure, and streamline procedures to meet customers’ evolving expectations and banking preferences. "Customers completed more than 700 million e-banking transactions by the end of the third quarter of 2026," he noted. "This reflects shifting customer behavior and a greater reliance on digital services, highlighting how technology supports economic activity, saves time and effort, and drives efficiency in service delivery." Human Capital Alterkait added: “Building the future we envision requires investing not only in technology and capital, but also in people. Developing national talent and strengthening financial and technological skills underpin innovation, enabling us to harness advanced technologies and translate their benefits into enduring value.” He stressed KFH’s commitment to nurturing national talent, enhancing professional and technical skills, and fostering a workplace that drives innovation and continuous learning. Supporting Business Continuity Alterkait said financial institutions do more than provide financing, they help investors and businesses make informed decisions and offer solutions that keep businesses operating and support sustainable economic growth. He emphasized the importance of attracting regional wealth and investment, channeling it toward promising opportunities in Kuwait and the wider region. He also praised the summit's role in convening leaders from the financial, investment, and technology sectors to explore key opportunities and challenges while shaping a shared vision for the future of the national economy. Kuwait Vision 2035 Alterkait said the summit’s national and economic significance aligns with Kuwait Vision 2035, which aims to reinforce Kuwait’s position as a financial and commercial hub while expanding the private sector’s role in development. He noted that this vision elevates the role of financial institutions beyond traditional banking by actively mobilizing savings, financing productive ventures, supporting businesses, and bridging investors with viable economic opportunities. Alterkait added that enhancing Kuwait’s financial standing requires an appealing business environment, clear regulations, advanced services and lasting trust in institutions and markets. He stressed that capital should flow into productive projects and activities that diversify income sources and drive economic growth, benefiting investors, society and the national economy. Importance of the Summit Alterkait expressed hope that the summit's discussions would enrich dialogue, foster the exchange of expertise, and yield practical visions to support the future of the financial sector and the Kuwaiti economy, particularly amid rapid economic and geopolitical shifts and the challenges they pose to markets, financing, and operating costs. He added that these changes highlight the need for a diversified economy, more resilient financial institutions and an investment environment that attracts capital and turns challenges into opportunities for growth. Concluding his remarks, Alterkait called for converting the summit's recommendations into active partnerships and initiatives that bring together financial institutions, investors, entrepreneurs, and policymakers to strengthen Kuwait’s competitiveness and economic standing. Furthermore, he expressed KFH’s pride in sustaining its strategic partnership with the event.
KFH the First Bank in Kuwait to Achieve EDGE Advanced Certification
Kuwait Finance House (KFH) has become the first bank in Kuwait to achieve the prestigious EDGE Advanced green building certification for operating branches, marking a significant milestone in its sustainability journey and reinforcing its commitment to integrating measurable environmental performance across its operations. Executive Manager Governance and Sustainability at KFH, Mohammad Alarbeed, and Senior Manager Project at KFH, Yousef Alroumi received the certificate in a ceremony held at KFH Auto. The certification was awarded to KFH’s Kaifan and Shaab branches under EDGE (Excellence in Design for Greater Efficiencies), the internationally recognized green building standard developed by the International Finance Corporation (IFC), a member of the World Bank Group. The achievement underscores KFH’s ongoing efforts to improve the environmental performance of its facilities through independently verified, data-driven solutions that enhance resource efficiency and support the Bank’s broader sustainability strategy. By applying internationally recognized green building standards to existing and fully operational branches, KFH demonstrates how sustainability can be successfully embedded into day-to-day banking operations. Commenting on the achievement, Head of Group Compliance and Governance at KFH, Meshal Alshayee, said: “Achieving EDGE Advanced certification for our Kaifan and Shaab branches marks an important step in translating KFH’s sustainability commitments into tangible and measurable outcomes. It reflects our dedication to strengthening environmental performance through globally recognized standards, independent assessment, and a structured approach to continuous improvement.” Alshayee added: “At KFH, sustainability is closely linked to operational excellence, effective governance, and a strong culture of compliance and quality. This achievement demonstrates how these principles can be applied across existing facilities to enhance resource efficiency while maintaining the high standards of service our customers expect. This milestone reflects our ongoing efforts to enhance sustainable practices throughout our branch network.” He noted that the certification provides KFH with a practical framework for advancing sustainability performance across its branches and facilities in Kuwait, supporting a broader portfolio-wide approach to environmental efficiency rather than isolated sustainability initiatives. Alshayee further emphasized that this milestone reinforces KFH’s position as a leader in responsible banking and sustainable business practices, while contributing to the development of a more resource-efficient built environment in Kuwait. Concluding his remarks, Alshayee said: “At KFH, we believe sustainability is fundamental to responsible and inclusive economic growth. We are proud to set new benchmarks for sustainability within the banking sector and contribute to building a greener and more sustainable future for Kuwait.” About the Certification Process The certification process involved a comprehensive assessment conducted by an accredited EDGE Expert, followed by independent verification and auditing. The evaluation covered building specifications, mechanical and electrical systems, renovation and upgrade works, as well as operational practices to measure and validate the branches’ environmental performance. The results were independently reviewed and verified before the certification was formally issued by Bureau Veritas, the global certification body appointed by IFC for EDGE certifications. The adoption of the EDGE framework supports KFH’s long-term objective of expanding measurable sustainability standards across its property portfolio. Designed to accommodate buildings of different ages, sizes, functions, and operational conditions, the framework provides a consistent methodology for assessing and benchmarking environmental performance across a diverse network of facilities. EDGE Advanced certification is awarded to buildings that achieve a minimum of 40% energy savings compared with the applicable baseline under the EDGE methodology. The standard evaluates environmental performance across three key areas: • Energy consumption • Water efficiency • Embodied energy in building materials The certification framework also assesses a building’s readiness to support the transition toward carbon neutrality, further strengthening KFH’s commitment to sustainable development and environmental stewardship.
