Global Finance Magazine has awarded Kuwait Finance House (KFH) World’s Best Islamic Financial Institution 2021 Award in its 14the annual awards for the World’s Best Islamic Financial Institutions for this year.
In addition to this award, KFH has also received 4 prestigious awards which are: World’s Best Islamic Project Finance Provider, World’s Best Islamic Financial Institution 2021 in Turkey for KFH- Turkey, World’s Best Islamic Financial Institution in Europe for KT Bank AG-Germany, and World’s Best Islamic Takaful for KFH Takaful.
All selections were made by the highly professional team of Global Finance, after extensive consultations with bankers, corporate finance executives and analysts throughout the world.
The stringent criteria of giving the awards included new business development and product innovation, meeting all customer’s requirements, geographic reach and strategic relationships.
Also, among the criteria considered were reputation, the adherence to ethical standards and customer satisfaction.
World’s Best Islamic Financial Institution Award confirms the success of KFH’s efforts in providing the highest standards of Islamic financial services, while contributing to the development of the banking industry.
This is in line with the methodological and Shariah support that KFH is keen to provide to spread the Islamic finance industry.
The awards KFH received were well-deserved in view of the bank’s contribution to the growth of the Islamic finance industry in the markets it operated in, its success in meeting the customers’ needs of Sharia-compliant products and establishing sustainable future growth with high efficiency for the Islamic finance industry and keeping up with the latest financial and banking technology.
The excellence of KFH Group is reflected in its keeping pace with the development of digital banking services, adoption of technology, commitment to the highest levels of professionalism.
KFH is moving forward in its digital transformation strategy, adopting the state-of-the-art technological financial services “FinTech” and applying AI and robotic technology in banking transactions.
KFH succeeded in offering several digital services on the mobile app KFHonline and on various alternative channels including KFH Go smart branches in several areas of Kuwait.
This helps enhance the customer’s digital experience and lead digital development in banking industry.
Being the first Islamic bank in Kuwait, KFH achieved many successes in several areas, including building solid economic basics depending on developing human resources, and offering products and services that meet the market’s requirements.—Agencies