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Kuwait Finance House

Kuwait Finance House
Company nameKuwait Finance House
Company typePublic
FoundedKuwait City, Kuwait (1977)
HeadquartersKuwait City, Kuwait
Key peopleBader Abdulmohsen Al Mukhaizeem, Chairman
Mohammed Sulaiman Al Omar CEO
Revenue(+) KD766.703 million KWD (2009)
Net income(+) KD118.741 million KWD (2009)

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Kuwait Finance House ( )(KFH) was established in the State of Kuwait, in 1977, as the first bank operating in accordance with the Islamic Shari'a. KFH is listed in Kuwait Stock Exchange (KSE), with a market capitalization of KWD 2.667 billion as of 31 December 2008. Assets total KWD 11.291 billion and deposits amount to KWD 7.262 billion.

KFH provides Islamic Shari'a compliant products and services, covering banking, real estate, trade finance, investment portfolios, and other products and services.

Since the 1980s, KFH has witnessed multi-activity in international expansion. It has established independent banks in Turkey, Bahrain, and Malaysia. Moreover, it has stakes in other Islamic banks. Its investment activities in the US, Europe, South East Asia and the Middle East contributed to achieving the growing profit of KFH.

KFH has always endeavored to expand its local branch network, covering 52 branches, in addition to special sections for ladies. It adopts the out-of-branch client concept. KFH has maintained its foothold as a pioneering entity in utilizing the latest technologies to meet the requirements of the various activities in which it operates, using online, SMS, as well as phone service (Allo Baitak), which has received the highest accreditation from the US Purdue University for outstanding customer service level.

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