KFH wins key global Islamic banking award

MANAMA: Kuwait Finance House (KFH) was voted the Best Overall Islamic Bank in the World for last year at the most comprehensive Islamic Finance News annual poll.

The announcement came during the awards ceremony held in Kuala Lumpur, Malaysia, where KFH was also announced the "Most Innovative Islamic Bank" and "Best Islamic Bank in Kuwait".

The awards were received by KFH Group treasury head Abdul Wahab Al Rushood.

Islamic finance issuers, investors, non-banking financial intermediaries and government bodies from around the world were invited to take part in the poll.

KFH group general manager and chief executive officer Mohammed Sulaiman Al Omar dedicated the award to the continued patronage of the bank's loyal customer base, and attributed it to the forward-looking vision of the board.

He said the award reflects the recognition of KFH as a growing leader in Islamic and commercial banking.

KFH-Bahrain general manager Abdulhakeem Alkhayyat said the award was in recognition of KFH's strategic vision, execution expertise, management depth and belief in Islamic banking principles.

"The award is also a manifestation of the hard work and innovation that KFH is known for. It also validates our efforts towards creating a strong institution with best international practices and standards," Mr Alkhayyat said.