Kuwait, 24 September 2018: Global Finance Magazine has named Kuwait Finance House (KFH) the safest Islamic bank in the GCC for the year 2018. This reiterates the robust position of KFH and reaffirms the sound procedures and prudent decisions that ensure maintaining the prestigious status of the Bank as the world leading Islamic financial institution.
KFH achieves sustainable profitability and is characterized by the growth and diversification of its activities and services, supported by the confidence of customers, the regional and global reliability and credibility, not to mention the prestigious and valuable banking brand.
KFH was selected through an evaluation of long-term credit ratings from Global rating agencies and the total assets of the 1000 largest banks worldwide.
The report issued by the Global Finance Magazine, evaluates the safest banks based on the region. This is in line with the great interest of the Islamic finance industry that is increasingly growing in the world financial markets.
KFH attaches great interest in pursuing professional risk management, while paying great attention to service quality, innovation and investing in human capital development.
KFH was established as the First Islamic bank in Kuwait, and it is now the pioneer of the Islamic banking sector. KFH succeeded in developing several financial products including Sukuk and Ijara.
Global Finance, founded in 1987, has a circulation of 50,050 and readers in 189 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Its website offers analysis and articles that are the legacy of 31 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world.