KUWAIT: In its 29th annual ranking of the world’s safest banks, the Global Finance Magazine has named Kuwait Finance House “KFH” as Safest Islamic Bank in the GCC – 2020. KFH has also been ranked fifth among all Islamic and conventional banks in the Middle East and 14th among the 50 banks ranked by Global Finance as the world’s safest bank in the emerging markets. KFH was selected through an evaluation of long-term credit ratings from Global rating agencies- Moody’s, Standard & Poor’s and Fitch and the total assets of the 500 largest banks worldwide.
The top rankings that KFH earned on the list of safest banks confirm its solid position thanks to prudent risk assessment, diversified products, geographical reach, stability and its high efficiency and ability to adapt to various economic conditions and volatility. The awards reflect the credibility and the prestigious position that KFH enjoys regionally and internationally, its solid financial positions, prudent procedures, feasible strategies and activities as well as diversified products and services. Furthermore, the awards confirm the sustainable growth KFH has achieved, its high valuable brand which boosts customer confidence, and its global leadership in Islamic finance industry.
KFH continues its strategy to lead the international development of Islamic financial services, and become the most trusted and sustainably most profitable sharia-compliant bank in the world, and to deliver superior innovation and customer service excellence while protecting and enhancing the interests of all its stakeholders. The innovation mentality has become an integral part of KFH’s strategy and approach, which depend not only on enhancing the customer’s banking experience, but also offers an exceptional and sustainable dimension in line with KFH’s digital transformation strategy.
Founded in 1987 and headquartered in New York, Global Finance has readers in more than 191 countries and 33 years of experience in international financial markets. The magazine is an international reference in the financial sector, covering topics of corporate finance, joint ventures, capital markets, currencies, banks and risk management.