Kuwait Finance House (KFH) CEO Mohammed Al-Omar stated that the establishment of Islamic banks serves Islamic banking and reflects the success of KFH’s methods. He added that KFH, in addition to caring for Islamic banking, is also keen on applying justice, which is an inseparable part of Islamic banking, and aims to reinforce the economy through investing in real economy that serves the developmental objectives of the society. He went on to say during the graduation ceremony of 86 Kuwaiti graduates, that the success of KFH added a new dimension to the Kuwaiti economy, especially that tens of Shariah compliant companies were established after KFH, not to mention the fact that many companies have turned into Shariah compliant businesses, which led to the appearance of three other Islamic banks while the fifth is being prepared to operate. However, this has not affected KFH’s market share because the market is growing, where KFH’s share reached 20% per year, which allowed KFH to soar globally after building a platform of success locally, due to its innovative services and products. He mentioned that KFH is able to face the upcoming challenges with great confidence, since it relies on its Kuwaiti employees that learned and practiced Islamic banking at its various departments, which made KFH known internationally as the Harvard of Islamic banks.
It is worth noting that KFH appointed the new employees at KFH’s branches after passing an extensive training course in conjunction with the Human Investment Company and the Restructuring of National Labor program, and at the same time maintains the quality of its assets, since KFH believes that the qualified employees are its most valuable asset, especially that KFH employees get exposed to various fields of banking, which adds to their experiences and eventually leads to better services and products.
Moreover, Al-Omar said that KFH is keen to abide by Shariah in its businesses, and that its employees should exert more efforts to develop their skills, in order to boost their performance and achieve KFH’s local and global objectives. He added that the future is for Islamic banks, and that the demand for Islamic banking in Kuwait and the region is growing, since it manages to meet the requirements of various segments of clients.
Meanwhile, the Acting Assistant Secretary General for the Restructuring of National Labor program Fawzi Al-Shareeda stated that KFH gives the best example in supporting employee. He asserted that training and development are an important ongoing process for every employee, and that they drive the dedicated employees to hold the highest titles, especially that KFH grants the opportunity for every hard worker to maximize his career potential.