Kuwait Finance House (KFH) has been awarded "Best Islamic Private Bank- Digital Innovation 2025" by Global Private Banker magazine.

This award recognizes KFH's successful transformation of its private banking and wealth management services for wealthy and high-net-worth clients. The honor also reinforces KFH's standing as Kuwait's largest bank by market capitalization and the world's second-largest Islamic bank.

Global Private Banker magazine recognized KFH for its excellence due to its innovative digital infrastructure, strong financial performance, high operational efficiency, significant investment growth, and effective overall strategy.

The selection criteria considered how private banking propositions are proactively leveraging emerging technologies to derive personalized recommendations and meet increasing client demand for unique and customized journeys.

The assessment process also investigated how the application of artificial intelligence and data analytics is being deployed at scale to ensure the delivery of bespoke strategic solutions for private banking and wealth management clientele.

Additionally, the award provider takes into account the development of various platforms to effectively offer banking services, expand into diverse markets, and adopt a prudent planning process to offer solutions aimed at preserving wealth across generations and ensuring its sustainable growth.

The magazine also assessed meeting clients’ expectations for instant portfolio updates, the development of digital platforms to more effectively serve clients in addition to including thematic investments that balance environmental, social and governance considerations alongside portfolio growth.

During the award ceremony held in Singapore, KFH General Manager Private Banking and Wealth Management, Hamad Mohammed Alghannam, said: “We are honored to receive this prestigious award, which reinforces our global leadership in the private banking and wealth management sector. It is a testament to the success of our ongoing efforts and our ability to unlock broad investment opportunities that align with the future aspirations of high-net-worth clients, helping them grow and sustain their wealth."

Alghannam highlighted KFH’s presence in key markets across the Middle East, Asia, and Europe, with nearly 600 branches in 8 countries, most notably Kuwait, Bahrain, Turkey, Egypt, the UK, and Germany, “This presence gives clients a competitive edge. They benefit from a wide range of premium financial and wealth management services, including regional portfolio management, international equity and real estate funds, Ijarah financing, trade finance, treasury and investment solutions, along with other investment solutions in the local and international markets,” he added, “These offerings are tailored to meet the clients’ lifestyles and long-term goals, while remaining responsive to global economic and market developments.”

He expressed his sincere appreciation to the Private Banking and Wealth Management team, noting that this recognition is the result of their dedication and hard work to deliver outstanding services that exceed client expectations.

The Global Private Banker magazine awards are recognized globally for their transparency and reliability. Winners are chosen based on their innovations, customer experience, financial performance, and organizational strategy.