Kuwait Finance House (KFH) has been recognized with four prestigious awards from EMEA Finance in the 17th edition of the Middle East Banking Awards 2024, reaffirming its leadership in the banking industry and its outstanding achievements in delivering innovative financial solutions and value-driven initiatives in Islamic banking. The awards also reflect KFH’s commitment to business excellence, operational efficiency, and its ability to meet the evolving needs of its diverse clientele of all segments.

KFH bagged the Best Islamic bank in the Middle East, Best Bank in Kuwait, Best Islamic Bank in Kuwait awards in addition to the Sustainability Award – Middle East Level.

These accolades underscore KFH’s esteemed position as a leading Islamic banking group and one of the most valuable and trusted financial brands locally and regionally, highlighting KFH’s success in the Kuwaiti markets and the Middle East region. They also demonstrate its excellence in Islamic banking and shariah-compliant financial services as well as commitment to sustainable banking practices across all aspects of its operations.

During the awards ceremony, held in Dubai, KFH Deputy General Manager Products, Nehal Al-Musallam said that the Best Bank in Kuwait award confirms KFH’s excellence in the local market. KFH offers the best financial products and services while maintaining its unwavering commitment to quality, customer satisfaction, and enhanced banking experience. Additionally, being recognized as the Best Islamic Bank in Kuwait highlights KFH’s pioneering financial solutions, adherence to the highest global standards, and professional Islamic finance practices in addition to its leadership in launching impactful initiatives that position the Bank as a benchmark in the Islamic banking industry.

Al-Musallam added: "These four awards from EMEA Finance reflect KFH’s continued success at all levels and reinforce its sustainable growth across all business segments. Innovation, customer-centricity, and social responsibility remain core values that drive KFH’s journey toward cementing its position as a leading global Islamic financial institution."

Sustainability Award – Middle East Level

On receiving the Sustainability Award – Middle East Level, KFH Executive Manager Governance and Sustainability, Mohammad Alarbeed, said: “KFH continues to achieve unprecedented milestones in sustainability through pioneering programs and innovative initiatives for the first time in the banking sector across Kuwait and the Middle East. KFH remains committed to advancing sustainability efforts, enhancing green finance products for retail and corporate customers, and integrating ESG principles into its financial transactions.”

He added: “KFH’s sustainability efforts extend across multiple domains, including investing in young talents, training and developing youth skills, expanding financial inclusion, empowering women, and aligning with the United Nations Sustainable Development Goals (SDGs). KFH also pioneers the green Sukuk frameworks and sustainable financing by offering financial and technical advantages to environmentally conscious initiatives that contribute to carbon footprint reduction. Moreover, KFH actively supports individuals with special needs and continues to invest in community development to serve diverse social segments."

The EMEA Finance Middle East Banking Awards are a highly respected recognition program that celebrates exceptional achievements and contributions within the Middle Eastern financial services sector. The program's 17th edition attracted participation from leading financial institutions across the region.

Recognized as one of the most prestigious awards in the banking industry across Europe, the Middle East, and Africa, the EMEA Finance Awards honor financial institutions based on their financial performance, service quality, and excellence in banking. The criteria for selection include key factors such as market share, product growth, profitability, business strategy effectiveness, contributions to the financial sector, role in capital markets, and innovation in products and services.