Kuwait Finance House

Kuwait Finance House
Native name
بيت التمويل الكويتي
TypePublic bank
BK: KFH
BB: KFH
ISINKW0EQ0100085
IndustryBanking
Founded1977 (1977)
FoundersConsortium of Kuwaiti merchants
Headquarters
Kuwait City
,
Kuwait
Number of locations
631 (2025)[1]
Key people
Hamad Abdulmohsen Al-Marzook
(Chairman)
Khaled AlShamlan
(Group CEO)[2]
KWD 1,2 billion (2025)
(USD 3,9 billion)[3]
Total assetsKWD 42,7 billion (2025)
(USD 138.2 billion)[3]
Total equityKWD 5,74 billion (2025)
(USD 18,55 billion)[3]
Number of employees
17 500 (2025)[3]
Websitewww.kfh.com

Kuwait Finance House (Arabic: بيت التمويل الكويتي) (KFH) is a Kuwaiti bank, founded in 1977, as the first bank operating in accordance with the Islamic Shari'a rulings. KFH is listed on the Kuwait Stock Exchange (KSE).[4]

KFH is a major player in the international sukuk market, the volume of which for KFH trading group reached US$11.4 billion in 2016.[5]

History

Kuwait Finance House was established in 1977 as Kuwait's first Islamic bank. It received 170 applications to open new accounts on its first day of operation on 31 August 1978. KFH opened in temporary headquarters on Ahmad Al-Jaber Street, before moving to the Emad Commercial Center in 1983 and then its present-day location on Abdullah Al-Mubarek Street in 1986. By 1983, KFH was the only Islamic Bank listed on the Banker's list of the top 100 Arab Banks.[6] In 1984, KFH was listed on the Kuwait Stock Exchange.[7] In 1989, KFH's subsidiary in Turkey, Kuveyt Turk Participation Bank, was established by a Turkish cabinet decree.

KFH Capital Investment Company was formed in 1999 to invest in the public equity, private equity, and real estate markets across the globe. KFH Capital is the main investment of the bank, with offices in Safat, Kuwait and Oman.[8]

In 2002, KFH opened its first branch in Bahrain and in 2005 KFH Malaysia was established, becoming the first Islamic bank to be granted a license in the county under the 1983 Islamic Banking Act.[9][10] Since then, KFH and Kuveyt Turk have established a presence in the Kingdom of Saudi Arabia, Jordan, the UAE and Germany.

In July 2017, KFH studied a merger with Ahli United Bank,[11] and on 25th September 2022 KFH completed the merger of Ahli United Bank by BHD 4.1billion.[12]

KFH was ranked fifth on Forbes Middle East's 30 Most Valuable Banks 2025 list.[13] It also ranked ninth on Forbes Middle East's Top 100 Listed Companies 2025 list.[14]

International Operations

Headquarters of the Branch in Egypt

Ownership

This is the ownership structure after the merger of Kuwait Finance House with Ahli United Bank:

Awards

  • Straight Through Processing (STP) award 2016 from Citibank[19]
  • Best Islamic Project Finance Provider 2016 from Global Finance[20]
  • Best Islamic Financial Institution in GCC 2016 from Global Finance[21]
  • Best Bank in Kuwait 2015 from EMEA Finance[22]
  • Best Islamic Bank in Kuwait 2015 from EMEA Finance[23]
  • Best Islamic Bank in Kuwait 2015 from Islamic Finance News Magazine[24]
  • Europe Best Digital Participation Bank KFH Turkey from Global Finance[25]

References

  1. ↑ "About Us". Kuwait Finance House (Malaysia) Berhad.
  2. ↑ Mughal, Waqar. "Kuwait Finance House (KFH)". Forbes Lists. Retrieved 2025-12-22.
  3. 1 2 3 4 "Kuwait Finance House | Annual Report 2025" (PDF).
  4. ↑ "KFH KWD 165.2 Million 2016 Net Profit for KFH Shareholders, an increase of 13.3 per cent". CPI Financial. Retrieved 1 February 2017.
  5. ↑ "KFH Celebrates Its 40th Anniversary". KUNA. Retrieved 18 July 2017.
  6. ↑ "Islamic Banking Services – An Overview" (PDF). Inflibnet.ac.in. Retrieved 22 July 2017.
  7. ↑ "Oxford Business Group Analysis - Kuwait Finance House". Oxford Business Group. October 2015. Retrieved 21 February 2017.
  8. ↑ "Company Overview of KFH Capital Investment Company". Bloomberg. Retrieved 21 February 2017.
  9. ↑ "FAİZSİZ KREDİ VEREN BANKALAR LİSTESİ (2021 GÜNCEL)". Gazete Banka (in Turkish). Retrieved 2021-03-26.
  10. ↑ "MBSB eyeing KFH Malaysia in bid to become full-fledged Islamic bank". The Star. Retrieved 21 February 2017.
  11. ↑ "CORRECTED-Kuwait Finance House studying merger with Ahli United Bank". Reuters. 18 July 2017.
  12. 1 2 3 "Kuwait Finance House K.S.C.P. completed the acquisition of Ahli United Bank B.S.C. for BHD 4.1 billion". MarketScreener. 2022-09-23.
  13. ↑ Mughal, Waqar. "30 Most Valuable Banks 2025". Forbes Lists. Retrieved 2026-05-03.
  14. ↑ "Kuwait Finance House (KFH) - Top 100 ListedCompanies 2025 - Forbes Lists". www.forbesmiddleeast.com. Retrieved 2026-05-04.
  15. ↑ "CIBIQ". www.cibiq.com.iq.
  16. ↑ "MARC Keeps Watch As KFH Winds Down With Exit In 4Q26". Business Today. 2026-03-05.
  17. ↑ "Islamic Kuveyt Turk Bank 'to be granted German license'". Deutsche Welle. 2015-03-22.
  18. 1 2 "%3 ملكية "التأمينات البحرينية" في "بيتك" بعد اندماج "الأهلي المتحد"".
  19. ↑ "Gulf Bank Receives 'Straight Through Processing Excellence' Award 2015 from Citibank (Gulf Bank of Kuwait KSC)". article.wn.com. Retrieved 2017-06-07.
  20. ↑ "Global Finance Magazine – Global Finance Names The World's Best Islamic Financial Institutions 2016". Global Finance Magazine. Retrieved 2017-06-07.
  21. ↑ "Log In – IMF News Today – EIN News". imf.einnews.com. Retrieved 2017-06-07.
  22. ↑ "KFH Wins "Best Bank in Kuwait" Award from EMEA Finance (Kuwait Finance House KSC)". article.wn.com. Retrieved 2017-06-07.
  23. ↑ "KFH Wins "Best Islamic Bank 2016" Award (Kuwait Finance House KSC)". article.wn.com. Retrieved 2017-06-07.
  24. ↑ "KFH Wins "Best Islamic Bank in Kuwait 2015" Award from IFN". Retrieved 2017-06-07.
  25. ↑ "KFH-Turkey Wins "Europe's Best Digital Participation Bank" Award from Global Finance". Zawya.com. 30 August 2015. Retrieved 22 July 2017.
This page is issued from Wikipedia. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.