Al-Fouzan: KFH Launches New Turkish Real Estate Financing Service
In Collaboration with Kuveyt Turk
Chief Retail Banking Officer at Kuwait Finance House (KFH), a global leading Islamic financial institution, Mohammad Al-Fouzan has announced the launch of a new, innovative Turkish Real Estate financing service. Introduced in collaboration with Kuveyt Turk (KFH Turkey) the Turkish Real Estate financing service will allow KFH’s Private Banking and Al-Tamayoz customers to quickly, effectively and conveniently acquire Turkish real estate.
Al-Fouzan said that this new service provides KFH customers with a comprehensive, end-to-end solution to their Turkish real estate requirements, tailored to their specific needs. The service will support KFH customers searching for properties in Turkey, providing assistance on negotiation of an acquisition price, competitive Islamic real estate financing and offering post-sales services, should investors need Kuveyt Turk to manage the properties in their absence.
He added that a specialized section has been established by KFH, located at ‘Burj Baitak’ in Kuwait City, in order to effectively support customers purchasing real estate in Turkey. This office acts as contact point for KFH customers interested in acquiring property in Turkey and provides them with the relevant administrative services related to Turkish real estate.– Document gathering and handling, information distribution and logistics handling.
Al-Fouzan mentioned “We are very pleased to be able to offer this new, innovative product to our customers in Kuwait. Turkey is an increasingly attractive investment and tourism destination for Kuwaiti nationals and we believe this new product will play a leading role in facilitating increased interest and investment in the country. By providing fast, effective and convenient access to the Turkish real estate market KFH-Turkey, our customers now have unrivalled access to acquiring and managing residential real estate in Turkey.”
He said that this new service will further enhance Al- Tamayoz banking proposition our KFH customers. We aim to provide our Al- Tamayoz customers with exclusive benefits and innovative new products and services which significantly enhance their lifestyles. The Turkish real estate market has seen significant interest and investment from Kuwaiti nationals and remains an attractive overseas investment opportunity. We believe our new Turkish Real Estate service will prove very popular with our customers looking at acquiring residential property in the country.”
It’s worth noting that KFH Turkey, Kuveyt Turk, was established in 1989 and is a leading Islamic Bank in the country with more than250 branches in the country. The bank has recorded strong growth in assets and liabilities and is projected to double its market share in the local market over the next decade. Kuveyt Turk has also opened foreign branches and representative offices in countries including Germany, Bahrain and Dubai.
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Kuwait Finance House (KFH) is listed on the Kuwait Stock Exchange and headquartered in Kuwait. Established in 1977, The KFH Group is a global leader in Islamic banking, providing a wide range of Shari’a compliant products and services and delivering superior innovation and customer service excellence.
KFH operates across the GCC, Asia and Europe and has over 310 branches, including branches of KFH (Kuvet Turk Participation Bank) in Turkey, KSA, Bahrain, Malaysia, Australia, Jordan, Dubai and Manheim Germany, servicing its clients across these regions.
KFH’s mission is to drive superior innovation and customer service excellence while protecting and enhancing the interests of all its stakeholders in everything it does. Its vision is to lead the international development of Islamic financial services and become the most trusted and sustainably most profitable Shari’a’-compliant bank in the world.
KHF’s main corporate values include promoting leadership across all business activities –leadership in furthering Shari’a-compliant financial services across the globe through innovation, leadership in serving customers and leadership in developing employees; personal accountability in all actions undertaken, and building life-long partnerships with all stakeholders.
For more information, please visit: www.kfh.com