KUWAIT: Kuwait
Finance House(KFH) has won World's Best Islamic Financial Institution 2019
award from Global Finance Magazine. Being one of the safest leading financial
institution in the region, KFH has also won Best Islamic Financial Institution
2019 award in the Middle East, and the Safest Islamic Financial Institution in
the GCC 2019.

In addition, KFH-
Turkey has been named as World's Best Islamic Financial Institution 2019 in
Turkey and KT Bank AG-Germany as World's Best Islamic Financial Institution
2019 in Europe by Global Finance. Backed by the sustainable growth, diversified
services and activities, customer's confidence, reliability, credibility and  strong brand, the awards reflect the leading
role of KFH in the Islamic finance industry and its sound performance.

All selections
were made by the highly professional team of Global Finance, after extensive
consultations with bankers, corporate finance executives and analysts throughout
the world. The stringent criteria of giving the awards included geographic
reach, strategic relationships, new business development and product
innovation. Also, among the criteria considered were reputation, customer
satisfaction and the adherence to ethical standards.

On the sidelines
of the IMF and World Bank meetings held in Washington, DC, the awards were
received by the Group Chief Executive Officer at KFH, Mazin Al-Nahedh.
Al-Nahedh said that:" The awards confirm KFH's ability to continue its
success in the coming years, locally, regionally, and globally. KFH aspires to
take Islamic banking to an advanced stage, enabling it to participate in new
projects and plans, thereby enhancing its capital capabilities and add value to
the markets in which it operates."

"Being first
Islamic bank in Kuwait, KFH continues to keep pace with the development of
digital banking, adopting the concept of safety and thoughtful growth, while
adhering to the highest professional standards, best risk management standards
and prudent practices, making it the largest Islamic bank in the world. KFH has
developed a variety of financial products, alternatives and financing
solutions, enhancing the Islamic banking industry and consolidating KFH's
global role," he added.

"In line
with international standards and sharia principles, KFH has achieved
qualitative success, based on a new strategy that includes strengthening the
digital transformation, focusing on core business, developing employees,
promoting service quality and improving performance levels," Al-Nahedh
explained. Al-Nahed confirmed that the awards won by Group subsidiaries
indicate their potential and consistent performance according to established
rules and regulations. This reflects efforts started years ago to standardize
work systems and enhance transparency and cooperation among the Group
subsidiaries.

" KFH  is always keen on the adoption of
methodological and professional methods in the study and evaluation of risks,
paying great attention to qualitative achievement in line with the
international reputation it enjoys. The creditworthiness and ability of KFH to
deal professionally with various economic conditions reflect its potential to
maintain what it has achieved in terms of operating income and net profit. The
size of its assets also confirms the growing confidence in KFH and its
continuous methodology of selecting high quality assets," Al-Nahedh
said. 

The awards were
also based on criteria such as long-term credit ratings, the total assets of
the world's top 500 banks, and the growth of the financing portfolio. It is
worth mentioning that Global Finance, founded in 1987, has  readers in more than 192 countries. Global
Finance also targets the 8,000 international portfolio investors responsible
for more than 80 percent of all global assets under professional management.
The magazine is an international reference in the financial sector, covering
topics of corporate finance, joint ventures, capital markets, currencies, banks
and risk management.