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In the news..
KFH Wins Global Finance`s Best Bank for Financial Institutions in the Middle East Award
Kuwait Finance House (KFH) won Global Finance magazine’s 2026 Best Bank for Financial Institutions in the Middle East award at the 26th annual Treasury and Cash Management Awards. The award recognizes KFH’s excellence in providing specialized banking services and its success in building strategic partnerships with regional and international financial institutions. KFH Group Chief Operations Officer, Abdulla Abu Alhous, indicated the underscores the bank’s leading role in delivering genuine value to global financial partners. Abu Alhous explained that this award expands the bank’s record of international accolades, reflecting its Islamic banking leadership and ongoing commitment to providing the highest standards of quality, innovation, and excellence to global customers and partners. Abu Alhous emphasized that winning Best Bank for Financial Institutions in the Middle East reflects KFH’s strategy to strengthen its regional and global presence and develop specialized banking services. He noted this success leverages the bank's advanced technological infrastructure and deep Islamic banking experience, pointing out that KFH maintains strong ties with 191 banks worldwide, underscoring its market influence and role as a key link between regional and international banking services. Award criteria The Global Finance Awards are highly prestigious accolades recognizing banks with outstanding performance in treasury and cash management. The publication evaluates recipients based on criteria such as market share, customer service, product innovation, and the ability to meet evolving customer needs. The magazine used a multi-tiered assessment process, which included entries from banks and providers and input from industry analysts, corporate executives, technology experts and independent research, to select the best providers of treasury and cash management services. Evaluation combined subjective and objective criteria including profitability, market share, reach, customer service, competitive pricing, and product innovation. The process also weighed how successfully treasury and cash management providers differentiated themselves from competitors regarding core service provision. Global Finance Global Finance, founded in 1987, has a circulation of 50,000 and readers in 193 countries, territories and districts. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions.
KFH enhances financing options with Car, Boat and Motorbike Financing against cash collateral
Kuwait Finance House (KFH) continues to enhance "Car, Boat and Motorbike Financing against cash collaterals " product. The product provides customers with a flexible and swift financing method to acquire new and used cars, boats, and both marine and land motorbikes, against financial guarantees through investment deposits. This comes as part of KFH ongoing commitment to develop financing services and innovative solutions to meet the aspirations of various customers segments. The product is part of KFH’s strategy to diversify Islamic financing solutions and enhance customer experience by offering flexible options and ease procedures to meet their needs and obtain financing in a more efficient and faster way. The Car, Boat and Motorbike Financing against cash collateral does not require salary transfer or deduction, a guarantor or lengthy documentation and procedures. Financing is granted to individuals against a full financial guarantee on the debt, with a fixed deposit held by the customer. Financing limits against collateral are determined based on the value of the cash collateral, providing more flexibility for customers without being bound by a maximum installment or debt limit. Furthermore, the product offers adjustable payment period of up to 10 years, along with competitive profits rates and various payment programs. The customer continues to earn deposit profits throughout the financing period, making the product ideal for deposit owners to benefit from their financial assets while maintaining their returns. In addition, the product enables fast processing of transactions and obtaining approvals according to the customer’s financial position, helping shorten time and effort and allowing customers to acquire the vehicles they desire easily and smoothly. Among the main services KFH provides in the auto sector through its showrooms and various sales channels is the Amanah car sale service, which allows customers to authorize the bank to sell their vehicles through KFH Auto showrooms. Another key service is vehicle valuation, which helps customers benefit from the value of their current vehicles when purchasing new ones. The product aims to enhance the added value for the bank’s deposit owners and savings account customers by linking financial services and products within an integrated system that provides additional benefits, contributing to reinforcing the long-term relationship and providing exceptional banking experience.
KFH Continues to Invest in Youth and Empowers Digital Transformation
Kuwait Finance House (KFH), as part of its strategic partnership with CODED Academy, has concluded the activities of the 6th edition of the "Kuwait Codes" program. The closing ceremony featured showcase presentations of innovative student projects and the honoring of standout participants, with the attendance of numerous officials, partners, parents, and stakeholders from the technology and education sectors. During his speech at the closing ceremony, Fahad AlSaad, Senior Manager of PR and Events at KFH, stated that the "Kuwait Codes" program is a pioneering initiative, reflecting KFH’s commitment to supporting education, empowering youth, and investing in their capabilities. He noted that the initiative equips participants with the technical and cognitive skills required to meet future demands and contribute to the digital transformation journey in the State of Kuwait. AlSaad added that the strategic partnership between KFH and CODED Academy, which started in 2018, serves as a successful model of collaboration aimed at youth empowerment and investing in their technical capabilities. Through “Kuwait Codes” program, this partnership has successfully equipped more than 10,000 students with advanced digital and technical skills, helping prepare a generation capable of meeting future demands and addressing emerging challenges with confidence and competence. Furthermore, the initiative has contributed to raising cybersecurity awareness and embedding a digital culture across various age groups, supporting efforts to build a more digitally aware community prepared for rapid technological transformation. AlSaad emphasized that investing in human capital is a key pillar of sustainable development, noting that KFH is committed to supporting initiatives that foster a generation capable of leading the digital future and advancing the knowledge economy. This aligns with Kuwait's vision for digital transformation and building a society grounded in innovation and technology. He highlighted that the projects and ideas presented by the students during the closing ceremony reflect the vast imagination and promising capabilities the Kuwaiti youth possessed. He added that this underscores the initiative's success in cultivating analytical thinking, problem-solving, and teamwork skills, while fostering a spirit of creativity and entrepreneurship among the participants. AlSaad pointed out that "Kuwait Codes" is no longer just a coding training program but has evolved into a national platform that helps discover young talent and empowers them to leverage technology in creating innovative solutions and ideas that serve the community and meet future needs. AlSaad expressed his gratitude and appreciation to CODED Academy, its trainers, and everyone involved in the initiative. He also praised the vital role parents play in supporting and encouraging their children to acquire technical skills, while congratulating all participants on their outstanding achievements throughout the program. Digital Sustainability Award As part of its support for innovation and sustainability, AlSaad noted that KFH launched the "Digital Sustainability Award" for the best tech project aligned with sustainability concepts. The award aims to encourage students to develop innovative digital solutions that serve the community and advance the digital transformation journey. The award was won by student Nora Sulaiman Al-Khezai for her project "Be Aware", an innovative application that encourages community members to help keep Kuwait clean by reporting or photographing waste locations. The app leverages artificial intelligence to identify the type of waste in images, alongside a gamified points system that allows users to redeem points for rewards, thereby promoting a culture of social responsibility and environmental sustainability through innovative technical solutions. AlSaad pointed out that supporting education and youth empowerment are core pillars for achieving sustainability, driven by KFH's firm belief that investing in human capital is the most crucial and impactful investment. This reflects its pioneering role in social responsibility and its ongoing commitment to contributing to a knowledge-based economy shaped by creativity and innovation. He added that KFH will continue to invest in impactful, long-term qualitative initiatives, particularly in the fields of education, technology, and ingenuity, driven by its social responsibility and its commitment to its developmental role as an active partner in supporting the community. Meanwhile, Hashim Behbehani, Co-Founder of CODED Academy, stated: "KFH's partnership with CODED Academy began right at the start of the initiative, leaving a profound impact on developing students' capabilities and elevating their technical and creative outputs year after year. We deeply value this continuous support for the “Kuwait Codes” initiative and many other CODED Academy programs, and we look forward to continuing this fruitful partnership in the coming years to empower more Kuwaiti youth and prepare them for future demands."
KFH participates in Al Shaheed Park’s third phase opining conference
Kuwait Finance House (KFH) participated in the press conference announcing the opening of the third phase of Al Shaheed Park, reaffirming its unwavering commitment to supporting national development projects with sustainable impact and reflecting its leading role in social responsibility. This participation comes as an extension of the Bank's ongoing efforts to contribute to initiatives that enhance quality of life and support the development of public facilities and cultural and tourism destinations in the State of Kuwait. Such initiatives enrich the country's cultural and recreational landscape while reinforcing effective public-private partnerships to achieve national development goals and Kuwait Vision 2035. During the press conference, the Head of Group Public Relations and Media at KFH, Yousef Al-Ruwaieh said: "We are pleased at KFH to participate today in the announcement of the opening of the third phase of Al Shaheed Park, one of Kuwait's most prominent national and cultural landmarks, which is scheduled to open next Thursday. This phase represents a qualitative addition that further enhances the Park's position as an integrated cultural, recreational, and tourism destination. It will feature a diverse carnival comprising numerous entertainment and interactive activities designed for visitors and families, providing an exceptional experience that enriches Kuwait's social and recreational scene." Al-Ruwaieh emphasized that KFH's participation in this distinguished national project reflects the Bank's continued efforts to support purposeful national and community initiatives as part of its social responsibility strategy. It also underscores KFH's commitment to strengthening cooperation between the public and private sectors and its belief in the importance of supporting national initiatives that create a sustainable impact. He added that the partnership with Al Shaheed Park highlights KFH's commitment to supporting entrepreneurship and providing the necessary backing for projects that create new tourism and recreational opportunities, while fostering strategic partnerships that contribute to achieving development objectives in line with Kuwait Vision 2035. Furthermore, Al-Ruwaieh said: "At KFH, we take pride in our long-standing record of supporting national and recreational initiatives, as well as high-quality projects that contribute to stimulating economic and tourism activity and creating new opportunities for growth and innovation. This reflects our ongoing commitment to supporting sustainable development efforts in the State of Kuwait." Finally, Al-Ruwaieh extended his sincere appreciation and gratitude to all those involved in the Al Shaheed Park project, praising their significant efforts in delivering this distinguished national project and wishing them continued success.
