ADVERTISEMENT



ISLAMIC FINANCE

Iqama sticker to be scrapped

February 20, 2019

Iqama sticker to be scrapped

KUWAIT: As part of ongoing efforts to develop and modernize various interior ministry departments, Deputy Prime Minister and Interior Minister Sheikh Khaled Al-Jarrah Al-Sabah issued a ministerial resolution cancelling the use of residency stickers on expats’ passports and including all the needed data on their civil IDs instead, said assistant undersecretary for residency affairs Maj Gen Talal Maarafi.

"... Continue Reading

KIB awarded ‘Best Islamic Bank GCC’ for 3rd year in a row

February 20, 2019

KIB awarded ‘Best Islamic Bank GCC’ for 3rd year in a row

KUWAIT: For a third consecutive year, KIB garnered the ‘Best Islamic Bank GCC’ award for the year 2018 from World Finance; a leading, global financial magazine specializing in finance and banking, whose GCC Awards have continued to recognize leading financial and investment institutions in the GCC.

KIB received this"... Continue Reading

KFH 2018 net profit surges 23.5pc to $747m

February 9, 2019

KFH 2018 net profit surges 23.5pc to $747m

Kuwait Finance House (KFH), a leading financial institution in the regionn, has reported a net profit of KD227.4 million ($747.3 million) for the year 2018 compared to KD184.2 million in the previous year, marking an increase of 23.5 per cent.

Total financing income reached KD862.1 million, an increase of 16.4 per cent compared to last year, while net financing income reached KD527.3 million,"... Continue Reading

KFH reports KD 227.4m in net profit for 2018

February 7, 2019

KFH reports KD 227.4m in net profit for 2018

KUWAIT: Kuwait Finance House (KFH) Chairman, Hamad Abdulmohsen Al-Marzouq, said that KFH has, by the grace of Allah, realized a net profit of KD 227.4 million for the year 2018 for KFH shareholders compared to KD 184.2 million last year i.e. an increase of 23.5 percent.

Total financing income reached KD 862.1 million, i.e. an increase"... Continue Reading

KIB records KD 21 mln net profit, up 18% y/y for 2018; EPS 22.4 fils

February 3, 2019

KIB records KD 21 mln net profit, up 18% y/y for 2018; EPS 22.4 fils

KUWAIT CITY, Feb 2: Chairman of KIB, Sheikh Mohammed Jarrah Al-Sabah, announced that the Bank recorded a net profit of KD 21 million for the year ended 31 December 2018, registering a growth of 18% compared to 2017. EPS also increased by 18%, reaching 22.4 fils compared to 19 fils during the last year.

■ 20% growth in financing"... Continue Reading

KFH receives nod from AUB on share swap ratio in takeover offer

January 27, 2019

KFH receives nod from AUB on share swap ratio in takeover offer

Kuwait Finance House, the country’s biggest Islamic lender, received “tentative” approval from Ahli United Bank on the share swap ratio to complete a potential takeover of the Bahraini lender.

KFH’s board of directors, who met on Thursday, also tentatively approved the exchange ratio of 2.326 shares of AUB"... Continue Reading

KFH- Capital arranges $1.6bn sukuk issuances for FAB and DIB

January 24, 2019

KFH- Capital arranges $1.6bn sukuk issuances for FAB and DIB

KUWAIT: Chief Investment Banking Officer at KFH Capital, an investment arm of KFH Group “KFH”, Abdullah Al-Haddad said that KFH Capital has succeeded in arranging two issuances worth $1.6 billion Sukuk for First Abu Dhabi Bank(FAB) and Dubai Islamic Bank(DIB), with a group of regional and international banks. Sukuk issuances have been fully subscribed within record time and attracted investors"... Continue Reading

KFH, Al-Ahli banks merger to begin

January 24, 2019

KFH, Al-Ahli banks merger to begin

KUWAIT CITY, Jan 23: Kuwait Finance House has notified the Central Bank of Kuwait and Capital Markets Authority (CMA) about its Board of Directors meeting next Thursday prior to the start of formal procedures for the merger process with Al-Ahli United Bank, reports Al-Qabas daily.

KFH has announced that its Board of Directors will"... Continue Reading

Kuwait's Awqaf Minister: Zakat House pride for Kuwait, its people

January 20, 2019

Kuwait's Awqaf Minister: Zakat House pride for Kuwait, its people

Kuwaiti Minister of Awqaf and Islamic Affairs and Minister of State for Municipal Affairs Fahd Al­Shula said on Saturday that Kuwait's Zakat House is the pride of Kuwait and its people, thanks to its humanitarian and charity work.

This came during the minister's chairmanship of Zakat House's board meeting during"... Continue Reading

Found articles: - Pages