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KFH Wins Best Islamic Bank 2016 Award Global Islamic Finance Awards GIFA

Majed Salah
By Majed Salah
7 years ago
KFH wins ‘Best Islamic Bank 2016’ award - Global Islamic Finance Awards GIFA

Ard, Islam, Islamic banking, Mal


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  1. SUNDAY , DECEMBER 4, 2016 business Arab Aviation Summit announces speakers for 2016 edition in Jordan SHARJAH: Top executives from the regional aviation and tourism sector will gather in Jordan next week to explore latest industry developments and future trends at the Arab Aviation Summit, the most prominent aviation event in Middle East and North Africa (MENA), to be held on December 5th at the Dead Sea, Jordan. Taking place under the patronage of Her Excellency Lina Annab, Minister of Tourism and Antiques, Jordan, the Summit’s agenda this year will focus on the theme ‘Linking Cultures, Driving Economies’. Amongst the line-up of aviation and tourism thought leaders participating in the event are Dr Bandar Fahad Al-Fehaid, President, Arab Tourism Organization of the Arab League, Abdel Wahab Teffaha, Secretary General, Arab Air Carriers Organization (AACO), Marwan bin Jassim Al-Sarkal, CEO, Sharjah Investment and Development Authority (Shurooq), Aqel Biltaji, Mayor of Amman and Fouad Attar, Managing Director of Airbus Middle East amongst many others. Full agenda and speakers can be viewed on www.arabaviationsummit.com. In addition, a number of prominent industry figures will join the summit to discuss trends that have influenced the sector, and propose ways for better collaboration to propel aviation and tourism towards greater and sustained growth. ‘The role of the private sector in developing Arab aviation and tourism’ is one such panel discussion geared towards tapping into contributions from private enterprises in a sec- tor driven by public funding. Panel engagements at the day-long Summit will be moderated by Richard Dean, Cohost of The Business Breakfast show on Dubai Eye 103.8 FM radio. In addition, conversations will revolve around the role of tourism in promoting culture and diversifying the economy of popular destinations, the need to review industry policies in the region and the future of aviation and tourism in the light of innovations in technology and social media. “Airbus Middle East is on the front lines in helping sustain and drive the future growth of the regional aviation industr y. Being par t of the Arab Aviation Summit offers us an ideal platform to engage with industry peers, contribute to the ongoing conversation and create new thought leadership initiatives that promotes the growth of the industry as a whole,” said Fouad Attar, Managing Director of Airbus Middle East. The event will also witness the inauguration of ‘Airbus Little Engineer ’ Workshop - an award-winning initiative dedicated to nurturing young minds and enhancing public understanding of science, technology, engineering and mathematics through interactive and tailored programs. Hailed as the ‘voice of the industry’, Arab Aviation Summit is an industry initiative organized annually to shed light on trends, insights and opportunities driving the continuous growth and development of the Arab aviation and tourism industry. Key findings and outcomes from the summit are compiled and developed into a white paper report, which is later presented to regulators and decision makers from both public and private sectors, and followed up by a course of action. KFH wins ‘Best Islamic Bank 2016’ award Global Islamic Finance Awards GIFA KUWAIT: Kuwait Finance House (KFH) won “Best Islamic Bank 2016” award by the awards committee of Global Islamic Finance Awards GIFA in recognition of its instrumental role in consolidating the pillars of sustainable growth of Islamic finance industry, yet an acknowledgment of the pioneering position of the bank in offering innovative sharia-compliant products and services. Yousef Alghusain, Senior Manager Strategic Business Coordination received the award in the awards ceremony held in the Indonesian capital, Jakarta. The award affirms KFH’s success in offering an integrated system of technical, financial, and banking services, not to mention meeting the expectations of its clients. The bank has vast experience in balancing Sharia requirements with the latest banking technology. KFH’s leadership in the field of Islamic banking, since it was the first Yousef Alghusain receiving the award Islamic bank in Kuwait, highlights the bank’s fruitful efforts in expanding in various markets, which allowed it to become the best Islamic bank in the world. KFH continues its outstanding per formance across the Group banks in Bahrain, Turkey, Germany, Malaysia and Saudi with focusing on its businesses in Kuwait. KFH’s global success would have never been attainable, if the bank did not have a solid platform and high level of professionalism. KFH has an impeccable record in arranging sukuk deals and leading financing for development projects in several vital sectors, which contributes in boosting the national economy. It is noteworthy that Global Islamic Finance Awards are part of prestigious awards program to celebrate the success of Islamic financial services, yet to honor the best practices of Islamic finance industry in a bid to motivate the consistency of businesses with Shariah provisions and meeting customer expectations. KFH was established in Kuwait in 1977 and is enlisted in the Kuwait Stock Exchange. KFH Group is a global pioneer in the field of Islamic banking services, where it offers a wide array of Islamic products and services, not to mention a high standard of innovation and client service. KFH manages its operations in the GCC, Asia, and Europe through over 446 branches, including KFHTurkey, in order to offer services for the bank’s clients in Turkey, Malaysia, Saudi Arabia, Bahrain, Germany, Jordan, and Dubai. KFH’s mission is to achieve highest levels of excellence and innovation in the field of client service, while developing common interest for all those concerned with the financial institution. KFH’s vision is to spearhead the global development in Islamic financial services, and to upgrade the bank into the level of becoming the most sustainable profitable Islamic bank in the world. KFH’s values include cementing leadership through all its businesses, including leadership in the Islamic banking services worldwide, through innovation and in client service and the development of its employees. In addition, KFH is committed to all its procedures, and to setting up long-life partnerships with the concerned authorities. Etihad Aviation Group marks 45th UAE National Day ABU DHABI: More than 2000 staff, their families and friends have joined a street festival at the home of Etihad Aviation Group as part of UAE National Day celebrations. Etihad Airways’ guests are also in for a special National Day treat with chocolates being handed out on flights leaving Abu Dhabi on 2 December. The Abu Dhabi Police Music Band set the tone for a marquee event outside the group’s Head Office by playing the UAE national anthem ahead of attendees enjoying Emirati dancing, a UAE themed photographic exhibition and traditional Emirati cuisine. Hareb Almuhairy, Etihad Aviation Group’s Senior Vice President, Corporate and International Affairs, said: “As we near the 45th anniversary of the UAE, it is a time to remember the founders of the country and to draw inspiration from the ‘Spirit of the Union’. This country means so much in so many different ways to its diverse population.” Almuhairy added: “As the national airline of the UAE, Etihad Airways has worked closely with the government to help develop the country into a hub for aviation, hospitality, culture and commerce. UAE National Day is about celebrat- ABU DHABI: Left to right opening the UAE National Day street festival at Etihad Aviation Group are: Sultan Mohamed Al Mahmoud, Vice President - Chairman’s Program Management Office; Fatma Al Sahlawi, Head of UAE National Development; Ray Gammell, Group Chief People & Performance Officer; Ali Al Shamsi, Vice President Emiratisation Strategy; Mohammad Al Bulooki, Vice President Commercial UAE & GCC; Humaid Ibrahim Abdulla, Head of Government Relations. ing these colossal achievements and looking forward to the exciting times ahead.” Food trucks and stalls were set up to add to the festival atmosphere and Etihad Airways Nursery took care of a children’s play area with activities and games throughout the day. The festival also had a business component where local businesses were given the opportunity to display their products and services - alongside The Abu Dhabi Business Women Council and other entrepreneurs. To provide an historical perspective, Emirates Heritage Club brought falcons, camels and horses to the event and representatives from the UAE General Women’s Union were present, assisting women to display their home made perfumes and woven goods. Many of the Etihad staff had recorded messages for a “Thank You UAE” video, which was screened, in which people shared thoughts on what the country means to them. On 2 December, guests on more than 140 Etihad Airways flights departing Abu Dhabi will be handed special National Day Patchi chocolates in recognition of the 45th anniversary. On long-haul flights, the airline’s Flying Nannies will be on hand for face-painting the UAE flag. Guests in Business and First Class arriving in Abu Dhabi on 2 December from GCC destinations can expect a special gift box incorporating traditionally-inspired perfumes from Mohamed Hilal Group. Dedicated National Day content will also appear in Aspire, the in-flight magazine for premium guests. Additionally, guests will be greeted by a National Day message on the inflight entertainment system and will notice a National Day theme running through the airline’s social media channels. X-cite launches biggest campaign ‘Run for it before it runs out!’ KUWAIT: X-cite by Alghanim Electronics, the largest electronics retailer in Kuwait, is proud to announce its biggest campaign of the year, offering amazing savings and unbeatable prices that customers won’t find anywhere else. Loyal to its tradition of giving back to its esteemed customers by launching the most gratifying promotions, such as giving away more than “half a million dollars cash,” X-cite is stepping it up by offering direct rewards to all customers with unbeatable offers unseen in Kuwait and discounts on a wide range of electronics and home appliances from the world’s most beloved brands. Not to mention daily killer deals with crazy discounts up to 50 percent off. The main challenge will be keeping track of the incredible offers available throughout X-cite’s 18 showrooms and online store. Customers who don’t want to miss those deals should follow their website xcite.com and social media channels where the daily deals will be announced; @xcitealghanim on Instagram, Twitter and Snapchat and Facebook: XcitebyAlghanim. This exceptional campaign will run during the full month of December 2016, so customers are highly encouraged to use this window of opportunity by fulfilling their electronic needs while benefiting from outstanding savings and exclusive deals. Run for it before it runs out! Gulf Bank announces winners of Al-Danah daily draws KUWAIT: Gulf Bank held its Al-Danah daily draws on 27 November 2016 announcing the names of its winners for the week of 20 November - 24 November 2016. The Al-Danah daily draws include draws each and every working day for two prizes of KD 1,000 per winner. The winners are: (Sunday 20/11): Salah Sulaiman Othman Al-Nasralla, Safeeah Habib Abbas Mandani (Monday 21/11): Ali Atiya Ariabi Khabet Al-Shemmari, Ali Abdulhasan Mada (Tuesday 22/11): Sakina Faraj Fairouzi, Ali Khaled Yousef Al-Qabandi (Wednesday 23/11): Hussain Ghazy Shahbaz, Saad Lafi Mahammad Naser Abdullah Al-Mutairi (Thursday 24/11): Saadon Khalid Saadon Al-Rashedi, Munahi Sultan Rafaa Al-Mutairi Gulf Bank’s Al Danah 2016 draw lineup includes daily draws (2 winners per working day each receive KD1000). The final Al-Danah draw for KD1 million will be held on 5 January, 2017 whereby the Al-Danah millionaire will be announced. Open an Al-Danah account now or deposit more to increase your chances of winning the millionaire draw! Five reasons why the Al Danah account is the Best: 1) Kuwait’s single biggest yearly cash prize of KD 1 million 2) Kuwait’s biggest quarterly cash prizes, up to KD500,000 3) Two winners of KD1,000 every working day 4) The most chances to win 5) Only bank that transfers your chances to win from year to year Only Al-Danah makes millionaires. Al-Danah also offers a number of unique services including: the Al-Danah Deposit Only ATM card which helps account holders deposit their money at their convenience; as well as the Al-Danah calculator to help customers calculate their chances of becoming an Al-Danah winner. Gulf Bank’s Al-Danah account is open to Kuwaiti and non-Kuwaiti residents of Kuwait. Customers who open an account and/ or deposit more will enter the draw within two days. To take part in the Al-Danah 2016 upcoming quarterly and yearly draws, customers must have an Al-Danah account containing at least KD 200; customers can visit one of Gulf Bank’s 56 branches, transfer on line, or call the Customer Contact Center on 1805805 for assistance and guidance.