Kuwait Finance House KSCP: KFH wins “World’s Best Islamic Financial Institution 2022” award from “Global Finance”

Kuwait Finance House (KFH) received the Global Finance Group’s “World’s Best Islamic Financial Institution 2022” award at its fifteenth annual World’s Best Islamic Financial Institutions Awards Ceremony. The award was given in recognition of KFH’s contributions to the growth of Islamic finance, meeting customer needs for innovative Shariah-compliant products through highly efficient and advanced service channels, and distinguishing itself in achieving sustainability and continued growth.

Global Finance also awarded KFH the “Best Islamic Financial Institution in the Middle East” award and the Best Islamic Takaful award.

On this occasion, the Acting CEO of KFH Group, AbdulWahab Essa Al-Rushood expressed his pride and happiness in winning these awards from the famous Global Finance magazine. He indicated that these awards represent global recognition of KFH’s leading position in the Islamic finance sector and affirm the effectiveness of the bank’s performance in providing highly advanced innovative services while advancing the digitalization strategy. and pursuing the methodology of adopting technology and innovation in advance and focusing on improving the customer experience.

AlRushood reported that KFH has always been an icon of Islamic banking. He has a long experience of innovating banking and financial products and services, developing several financial products and financial alternatives currently applied in international markets that meet the aspirations of all customer segments (individuals and businesses).

AlRushood said KFH is focused on supporting financial inclusion which is seen as one of the building blocks for sustainable growth.

He pointed out that KFH was established as the first Islamic bank in the State of Kuwait, indicating that the bank enjoys a large market share in the local market and enjoys a wide geographical spread in several parts of the country. world through 526 branches, 1,750 ATMs and more than 13,000 employees.

Global Finance establishes its rating of Islamic financial institutions based on extensive consultations with bankers, analysts and specialized financial experts from around the world. Performance evaluation is conducted based on certain professional criteria and methodologies, including asset growth, profitability, geographic reach, strategic relationships, new business development, product innovation, ability to meet the needs of customers in various industries, the use of technology to provide quality products. and services, customer satisfaction, reputation, compliance with ethical standards and strategic relationships.

Global Finance Magazine was founded in 1987 and is based in New York. Global Finance is a trusted source of financial information in over 190 countries around the world. The magazine has over 35 years of experience in global financial markets.

Winners will be honored at an awards ceremony to be held during the IMF and World Bank Annual Meetings in Washington, DC at the National Press Club on the morning of October 15, 2022.

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