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KUWAIT CITY, Oct 15: Kuwait Finance Home (KFH) gained the “World’s Finest Islamic Monetary Establishment 2022” award from World Finance Group within the awards ceremony held through the 2022 annual conferences of the Worldwide Financial Fund (IMF) and the World Financial institution Group (WBG) in Washington, DC, the USA. World Finance additionally awarded KFH the “Finest Islamic Monetary Establishment within the Center East” award, and the “World’s Finest Islamic Takaful” award for KFH Takaful. In its thirty first annual rating of the world’s most secure banks, World Finance Journal additionally named KFH because the Most secure Islamic Financial institution in Kuwait.
The awards got here in appreciation of KFH’s contributions to the expansion of Islamic Finance, fulfilling prospects’ wants of Sharia-compliant modern merchandise by extremely efficient and superior service channels, main digital transformation, and distinction in attaining sustainability and continued progress. On this event, KFH Appearing Group CEO, Abdulwahab Iesa Al- Rushood expressed his delight to win these awards from the respected World Finance journal.
He mentioned that these awards symbolize international recognition of KFH main place within the Islamic finance business and spotlight the environment friendly operational and monetary efficiency of KFH in offering extremely superior modern providers whereas transferring ahead within the digital transformation technique and persevering with its proactive strategy in adopting expertise and innovation and specializing in the enhancement of buyer’s expertise. He identified that KFH has a historical past in Islamic banking and enjoys a protracted file of banking and monetary services improvements.
He added that the a number of monetary merchandise and options KFH developed are at present used within the worldwide markets and fulfil the aspirations of all segments of shoppers (retail and company). Al Rushood mentioned that KFH focuses on supporting the monetary inclusion (one pillar of the sustainable improvement objectives) as a part of its developmental position and its management in Islamic finance business. He added that as the primary Islamic financial institution to be established within the State of Kuwait, KFH enjoys a dominant share within the native market and a large geographical unfold in a number of areas worldwide by round 530 branches and 1750 ATMs in addition to greater than 13 thousand workers. Awards standards World Finance bases its ranking of Islamic Monetary Establishments on intensive consultations with bankers, analysts, and specialised monetary specialists from everywhere in the world.
Efficiency ranking is performed based mostly on sure standards {and professional} methodologies together with progress in belongings, profitability, geographic attain, strategic relationships, enterprise improvement, innovation in merchandise, capacity to fulfil the wants of shoppers in varied sectors, utilization of expertise in offering qualitative services, buyer satisfaction, repute and compliance with moral requirements. Alternatively, KFH was chosen because the most secure Islamic financial institution in Kuwait by an analysis of sure standards from World ranking agencies- Moody’s, Customary & Poor’s and Fitch- of the 1000 largest banks worldwide when it comes to belongings, monetary indicators and longterm credit score scores. Based in 1987 and headquartered in New York, World Finance is a dependable info supply and has readers in additional than 190 nations in addition to 35 years of expertise in worldwide monetary markets.
