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Kuwait : Global Finance: KFH wins Best Islamic Financial Institution in the world
Publish Date : 10-Jul-2012
Global Finance awarded Kuwait Finance House (KFH) the Best Islamic Finance Institution in the world as part of a report it had issued after 25 years of its establishment. The prestigious magazine asserted that KFH is the Islamic banking institution that has won the highest number of awards during the past 25 years. It added that the institutions that have been winning its awards since its establishment in 1987 have proven their mettle and managed to fulfill the requirements of the changing work environment. It mentioned that selecting KFH for the award was a result of KFH’s ranking first during the years when it won the magazine’s awards.
Global Finance’s annual awards are considered to be a trusted measure in the international arena of banks and financial institutions, where the magazine follows specific professional criteria in selecting the winning banks, such as growth in assets, geographic expansion, strategic relationships, and development of products. Those criteria are judged by financial experts and analysts from around the globe.
Such an award reflects KFH’s leading role and positive contributions to the Islamic finance industry in Kuwait and worldwide, where it managed to turn Islamic banking operations into reality in many societies. KFH also managed to offer trained employees in that field, and the award underlines the fact that KFH spearheads Islamic banking in all sectors.
The award is considered to be recognition of the whole Kuwaiti private sector, where is highlights the trust of international, unbiased authorities in Kuwaiti financial institutions, and its keenness to shed light on their success that is similar to the success of JP Morgan, HSBC, Citi Bank, Deutsche Bank, and Credit Suisse.
It is worth noting that Global Finance has granted KFH numerous awards as part of its annual ratings of banks, such as Best Islamic Bank in Kuwait and the region several times, Best Islamic Bank in the world, and Best E-Banking Services. In addition, KFH was included in the magazine’s list for safest banks in emerging markets, and was awarded Best Islamic Real Estate Finance in the world award.
