The Risk Management Department Manager at Kuwait Finance House (KFH) Abdul Aziz Al-Bader announced that KFH started to apply the new Sun Gard system that will handle all forms of risk management for KFH Group, which makes KFH one of the pioneer banks in the region to apply the system. It is worth noting that this program meets the requirements of the Central Bank of Kuwait (CBK), Basel 2 and other international accounting standards, in addition to the standards followed in Islamic banks. The program offers best performance levels to estimate and follow up by relying on unified, documented data; in addition to assisting decision makers by providing them with various reports that tackle all kinds of risks, such as credit, operation, market, and liquidity risks. Al-Bader explained in a press release that KFH was the first to use the system on time, especially that the financial crisis changed many traditional concepts of risk management, which prompted KFH to follow up and conduct accurate studies about risks, according to the new global updates. He stressed the importance of applying this Shariah compliant system and the direct impact that it will have on the levels of profit, the interest of the depositors, shareholders, and investments, especially that using this scientific approach will protect KFH from any turbulences, which will result in more profit and investments protection. Furthermore, Al-Bader thanked all KFH employees who work in the financial control and the technical support, since their combined efforts resulted in applying the new system in record time and world class standards during its preparation and execution phases, which made KFH receive applaud from the company that provided this system.