A Success Story..
Kuwait Finance House (KFH) is considered a pioneer in the banking phenomenon known as Islamic Finance or Shari’a Compliant Banking. KFH is the first Islamic bank established in 1977 in the State of Kuwait and today it’s one of the foremost Islamic financial institutions in the world.
KFH has steadily managed to expand its business and achievements to lead the Islamic banking industry and become a pioneer financial establishment, not only in the Islamic banking industry, but also in the banking sector as a whole, besides being one of the biggest lenders in both the local and regional markets.
KFH’s largest shareholders include: Kuwait Investment Authority (Direct), Kuwait Awqaf Public Foundation (Direct), Public Authority for Minors’ Affairs (Direct), The Public Institution for Social Security (Indirect), as of 31-December-2014.
KFH (KSE: KFIN) is a publically listed company on the Kuwait Stock Exchange (KSE).
KFH provides a wide range of banking shari’a compliant products and services, covering real estate, trade finance, investment portfolios, commercial, retail and corporate banking and is available in State of Kuwait, Kingdom of Bahrain, Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Malaysia, and Germany.
Islamic Banking.. A Distinct Concept
Islamic banking refers to a system of banking, which is compliant with religious law called Shari’a, guided by Islamic principles of an integral and just society. The cornerstone of Islamic banking and finance is transparency and honest dealings that achieves mutual benefits for the bank and customer.We at KFH provide services that exemplify those values.
Global Integrated Operations
Leading the Islamic finance industry globally, and offering a suite of financial Islamic services and products. KFH’s group banking network spans across seven regions worldwide, with 430 branches, over 790 ATMs and approximately 8,600 employees.
OUR VISION & Mission .. TO THE FUTURE!
Protecting and Enhancing the Interests of All Our Stakeholders
To lead the international development of Islamic financial services, and become the most trusted and sustainably most profitable “Sharia’a” compliant bank in the world.
To deliver superior innovation and customer service excellence while protecting and enhancing the interests of all our stakeholders.
The Islamic Pioneer Corporation Since 1977
Kuwait Finance House Timeline
Incorporation of KFH as the first Islamic bank in State of Kuwait
KFH commences business activities
Incorporation of KFH-Turkey
Incorporation of KFH-Bahrain
Financing “Al Shuwaihat" station where Islamic tier reached US$ 250 million in the project total cost US$ 1.6 billion.
Founding of three investment funds worth US$ 1.7 billion as a finance lease of 9 commercial aircrafts
KFH is registered as the first Islamic bank at the Central Bank of Kuwait
Incorporation of KFH-Malaysia. In addition to Increase of "ALAFCO" share to KD 50 million and marketing of "Al-Fajr" Islamic fund – US$ 20 million.
Incorporation of an Islamic bank in Jordan with KD 50 million capital through KFH-Bahrain
“Kuwait Turk Participation Bank” licensed to work in Germany
KFH – Saudi launch a real estate investment portfolio amounting KD 500 million
Launching a real estate portfolio amounting KD 1 billion
International banking sector succeeds in arranging an international “Ijara” deal
Issuance of short term “Sukuk” amounting US$ 1.6 billion in cooperation with International financial institutions
Inauguration of the First Fully Integrated Islamic bank operating In Germany, the largest economy in Europe
Participation in financing the Kuwaiti clean fuel project with a value of KD 500 Million.
There are plenty of successes.. !