Kuwait Finance House
| Public | |
| Industry | Banking |
| Founded | 1977 |
| Founders | Consortium of Kuwaiti merchants |
| Headquarters | Kuwait City, Kuwait - Group Headquarters |
|
Number of locations
|
Presence in Bahrain, Malaysia, Saudi Arabia, and Turkey |
|
Key people
|
Hamad Abdulmohsen Al-Marzook, Chairman Mazen Al Nahedh CEO |
| Revenue |
 KD 717.9 million KWD (2016) |
|
KD 145.8 million KWD (2016) |
|
|
Number of employees
|
9,000 |
| Website | www |
Kuwait Finance House (Arabic: بيت التمويل الكويتي)(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 (KSE), with a market capitalization of $8.2 billion (KWD 2.49 billion) as of May 2016. Assets total $55.52 billion (KWD 16.83 billion) and deposits amount to $34.97 billion (KWD 10.66 billion.) It has been awarded Best Islamic Bank in the world from CPI Financial institution for the year 2014.
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.
Kuwait Finance House was established in 1977 as Kuwait’s first Islamic bank. It received 170 applications to open new accounts on its first day of operation on 31 August 1978. By 1983, KFH was the only Islamic Bank listed on the Banker’s list of the top 100 Arab Banks.
KFH was listed on the Kuwaiti Stock Exchange in 1984, where it is currently the second largest company. In 1989, KFH’s subsidiary in Turkey, Kuveyt Turk Participation Bank, was established by a Turkish cabinet decree.
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Wikipedia