Kuwait City, Apr 27: Kuwait Finance House Group (KFH) triumphed at the 2023 Islamic Finance News Awards, receiving three prestigious recognitions from IFN magazine. KFH Group was named Best Islamic Bank in Kuwait, and its subsidiary KFH-Türkiye secured the Best Islamic Bank in Türkiye award.  Additionally, KFH Capital, KFH's investment arm, clinched the Hybrid Deal of the Year 2023 award for its role in Energy Development of Oman's US$1 billion hybrid Ijarah-Tawarruq Sukuk.

This recognition further strengthens KFH's impressive track record of winning major international awards from prestigious institutions.  Last year alone, KFH secured a remarkable 26 awards spanning both Kuwaiti and Islamic banking categories.

Winning these awards confirms KFH Group's high standing, diversified capabilities, and commitment to quality.  They also highlight the Group's strong operational performance and the distinction it brings to the Islamic banking industry.

The awards were based on a referendum conducted by IFN magazine, with the participation of Islamic and conventional financial institutions, investors and government representatives from all over the world.

During a ceremony held in Dubai, KFH Deputy General Manager Public Relations and Media, Yousef Abdullah Al-Ruwaieh, Assistant Vice President of Debt Capital Markets Department at KFH Capital, Khalid Alshami, KFH-Türkiye Human Resources Director, Semih Sel, and KFH-Türkiye Vice President Corporate Communications, Fatih Kamasoglu received the awards on behalf of KFH Group.

These awards confirm the systematic and integrated work that governs the Group's performance. They also express the extent of coordination and cooperation between its subsidiaries, as well as its capabilities to achieve growth, expansion, and deliver important qualitative additions to its work in the markets where it operates. Additionally, these awards serve as an incentive for KFH to pursue further achievement and success, commensurate with the interest it has received from various international bodies and institutions.

KFH places great importance on achieving quality, strong management of its capabilities, and maximizing the benefit it derives from its human and material resources through integrated work. These efforts have made KFH a respected institution, followed by organizations that oversee the performance of banks in general, and Islamic banks specifically.

KFH recognizes that its diversified presence across multiple fields and markets offers a significant advantage. This is why the bank is prioritizing improvements in service levels, performance indicators, and quality across the entire group. By adopting global standards in all aspects of its work, KFH strives to join the ranks of major international banks.

Recognizing human capital as a key driver of success, KFH fosters a culture of excellence by attracting and developing top talent.  The bank achieves this through comprehensive training programs that equip employees with the latest skills and knowledge to stay ahead of the curve.

KFH succeeded in providing an integrated system of technical, financing, and banking services compatible with Sharia principles, meeting the ambitions and expectations of its customers. This harmony between Sharia compliance and cutting-edge banking technology established KFH as a pioneer in the industry, laying the foundation for the sustainable growth of Islamic finance in Kuwait and around the world.

KFH has extensive experience in Islamic banking and arranging major deals, as well as leading the financing of giant development projects in the field of infrastructure, covering many vital sectors and contributing to advancing the economy in the countries in which it operates. He pointed out that KFH will continue to work according to the plans set in all markets, with a focus on the Kuwaiti market.

It is worth noting that the Islamic Finance News (IFN) group recognized KFH for its achievements in the Islamic banking sector. Special committees comprised of international experts and analysts evaluated institutions and transactions based on a set of financial criteria throughout 2023.

The IFN group manages the Islamic Finance and Banking Awards. It also publishes the world's leading Islamic banking news through its magazine, established in 2004. The magazine is affiliated with Redmoney, which has offices in Dubai and Kuala Lumpur.