Kuwait Finance House (KFH) is the first bank in Kuwait, which operates solely in accordance with the Islamic Shari’a compliant banking system. Established in 1977, it is today one of the top Islamic financial institutions in the world, a pioneer in not just Islamic banking industry, but in the banking sector as a whole. It has a wide range of Shari’a compliant banking products and services, covering real estate, trade finance, investment portfolios, commercial, retail and corporate banking. The bank has presence in Kuwait, Bahrain, Saudi Arabia, UAE, Turkey, Malaysia, Germany, UK, Egypt, Oman and Libya.
What is unique about the bank is that in spite of being an Islamic banking pioneer, it makes use of digital capabilities fully. It has been an early adopter of technology and has an array of cutting-edge digital financial solutions. It is equipped to offer the best and most efficient solutions and services in the financial services domain to its customers.
35 TRANSFORMATIVE PROJECTS
In 2023, the bank had successfully implemented more than 35 projects, services and products using digital technology and created a very robust and advanced tech infrastructure. It has now significant programs to make use of AI, data engineering and digital product design to introduce highly reliable and quality products, conforming to regulatory controls, e-governance and cybersecurity protocols. Its avowed aim is to enable its customers to conduct all their banking transactions electronically anytime and anywhere.
This story is from the June 2024 edition of Banking Frontiers.
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This story is from the June 2024 edition of Banking Frontiers.
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