Kuwait Finance House “KFH” received 5 reputable awards from EMEA Finance at its 14th Middle East Banking Industry Awards for the Year 2021. This is a new achievement that affirms KFH’s distinction and its pioneering position in the adoption of the best and latest digital technologies.
KFH won “Best Islamic Bank in the Middle East”, “Best Bank in Kuwait”, “Best Islamic Bank in Kuwait”, “Corporate Social Responsibility in the Middle East”, and “Best Islamic Bank in Bahrain”.
The EMEA Finance Awards are among the most important banking industry awards in the Middle East region to recognize banking institutions based on their financial performance, quality of service and distinction in the banking industry. The awards of this renowned financial magazine are based on fundamental calibers to select the best banks. The gauges include the bank’s market share, product growth in the market, profitability, innovation in services and products, and the quality of its business strategy.
In a commentary on the awards, KFH Acting Group CEO AbdulWahab Essa AlRushood said that the awards recently received by KFH are in addition to the series of awards and accolades the bank has received previously. They represent recognition of the reputable position that KFH has achieved locally and globally.
He recalled that despite the global Covid19 pandemic, KFH managed to develop the best innovative banking and financial solutions and affirmed its position as a global pioneer, thus referring to the success of the digitalization strategy.
AlRushood added that KFH has adapted well to market and technology shifts in the post-Covid19 economy and socially responsible investment strategies. it improved its returns during the unprecedented economic crises caused by the pandemic. KFH has reached rapid qualitative limits in the execution of the digitization strategy by adopting the most modern FinTech innovations. KFH has also acquired a pioneering position in the market for Islamic sukuks and financial services.
He indicated that the achievements, appreciations and winning of global awards would not have been achieved without the trust of KFH shareholders and customers and the dedicated efforts and professionalism of the employees. He pointed out that the awards are not only an achievement and appreciation, but also a motive for getting more success and achievement in the future and a proof of KFH’s ability to offer everything innovative to inspire people. customers, support the banking sector and improve the economy of Kuwait.
AlRushood pointed out that the recognitions and awards that KFH continues to obtain are a clear recognition of its contributions to the Islamic finance industry by meeting customers’ needs for Shariah-compliant banking products, effectively strengthening the pillars of sustainability of the industry’s growth in the future and by keeping up with the latest financial and banking technical trends.
The new awards received prove the bank’s efficiency and distinction in providing innovative, high-quality services thanks to its highly advanced digital infrastructure. Additionally, the awards reflect the importance of the digitization strategy for KFH which has proven its careful management and previous methodology in embracing technology and innovation and its focus on improving customer experience. by providing the best developed banking solutions.
In 2021, KFH received 20 reputable group-level awards from various global finance and business entities and organizations in recognition of its distinction, contributions, financial indicators, initiatives, digital innovations in products and services, customer satisfaction, strategic relationships and compliance with ethical calibers.
It is worth mentioning that the British magazine “EMEA” covers all the dynamic financial markets of Europe, the Middle East and Africa thanks to highly specialized analyzes by a team of professional experts.