Kuwait Finance House (KFH) won Best Financing Bank Award from the Banker Middle East magazine that is specialized in the banking sector. KFH was listed among best banks in the Middle East for 2011, and the list included 42 banks in the region. This award serves to recognize KFH’s efforts in supporting major local and international projects.
Asset Management Manager Youssef Al-Ghusain received the award on behalf of KFH in a ceremony in Dubai. The ceremony was attended by several experts and decision makers in the regional and global banking field.
Meanwhile KFH’s AGM for Investment Sector Abdul Nasser Al-Subeih stated that KFH was granted this award based on accurate assessment made by international experts, which reveals the bank’s uniqueness and its leading role in the Islamic financing sector. He added that KFH managed to finance several pivotal projects despite the financial crisis that hit the banking sector, which reflects the bank’s robust financial status.
Moreover, he stressed that the bank is willing to continue playing this role efficiently regardless of the circumstances, since it relies on its financial and human abilities, not to mention its commitment towards the national economy. He went on to say that KFH is committed to offering Shariah compliant financing solutions, in order to meet the growing global demand for Islamic banking, especially after the financial crisis.
The magazine had mentioned in its report that it relied on banking assets, total income, net profit, and return on assets to determine the winners.
It is worth noting that KFH had received several awards that include best bank for residential financing from the same magazine, to recognize its role in financing real estate projects in the past three decades.