KUWAIT: Kuwait Finance House (KFH) received the “World’s Best Islamic Financial Institution 2022” award from Global Finance Group within its fifteenth annual awards ceremony for the World’s Best Islamic Financial Institutions. The award came in appreciation of KFH contributions in the growth of Islamic Finance, fulfilling customers’ needs of Sharia-compliant innovative products through highly effective and advanced service channels, and distinction in achieving sustainability and continued growth. Global Finance has also awarded KFH the award of the “Best Islamic Financial Institution in the Middle East” and the Best Islamic Takaful award.
On this occasion, KFH Group Acting CEO, AbdulWahab Essa Al-Rushood expressed his pride and happiness to win these awards from the reputable Global Finance magazine. He indicated that these awards represent world’s recognition of KFH’s leading position in the Islamic finance industry and affirm the bank’s performance efficiency in providing highly advanced innovative services while moving forward in the digitalization strategy and continuing the methodology in adopting technology and innovation in advance and focusing on the enhancement of customer’s experience.
Al-Rushood indicated that KFH has always been an icon in Islamic banking. It has a long record of innovation of banking and financial products and services, development of several financial products and finance alternatives applied currently in international markets which fulfill the aspirations of all segments of customers (retail and corporate).
Al-Rushood said that KFH is focusing on supporting the financial inclusion which is considered one of the basic elements for sustainable growth. He emphasized that KFH was established as the first Islamic bank in the State of Kuwait, indicating the bank enjoys a large market share in the local market and enjoys a wide geographical spread in several regions worldwide through 526 branches, 1,750 ATMs and more than 13 thousand employees.
Global Finance makes its rating of Islamic Financial Institutions based on extensive consultations with bankers, analysts, and specialized financial experts from all over the world. Performance rating is conducted based on certain criteria and professional methodologies including growth in assets, profitability, geographic reach, strategic relationships, new business development, innovation in products, ability to fulfill the needs of customers in various sectors, usage of technology in providing qualitative products and services, customer satisfaction, reputation, compliance with ethical standards and strategic relations.
Global Finance Magazine was founded in 1987 and takes New York as its chosen domicile. Global Finance is a trusted and reliable source of financial information in more than 190 countries worldwide. The magazine enjoys more than 35 years of experience in the global financial markets. Winners will be honored at an awards ceremony to be held during the IMF/World Bank Annual Meetings in Washington, DC at the National Press Club on the morning of October 15, 2022.