A delegation from Harvard University, comprising a number of students was in a visit to Kuwait Finance House (KFH). The visiting delegation was briefed on KFH’s success story and its vast experience in the Islamic banking. Students were introduced to the principles of Islamic banking and its practices in all fields, not to mention the key concepts of sharia-complaint finance industry and the products and services offered.
Group Chief Strategy Officer at KFH, Eng. Fahad Khaled Al-Mukhaizeem, confirmed on receiving the delegation at KFH Headquarters, that Islamic finance has become an integral part of the global economy in light of the huge acceptance of the sharia-compliant products and services that encompass different transactions such as Murabaha, Ijara, Istisnaa, sukuk and so forth. These transactions have become well known and receive huge Muslims and non-Muslims turnout in the regional and global markets.
Al-Mukhaizeem highlighted KFH’s leadership and influential role in presenting successful image of an Islamic bank which represents a source of pride to the economy of Kuwait.
Moreover, Al-Mukhaizeem underlined the key pillars of the modus operandi of KFH that focuses on investing in the real economy by relying on real assets, financing development projects, and achieving paradigm shifts in the society in efforts to energize the market and achieve sustainability. He pointed out that Islamic finance industry is witnessing a remarkable growth in comparison to other economic industries.