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ISLAMIC FINANCE

Kuwait-Turk Best Islamic Bank in Turkey

April 22, 2018

Kuwait-Turk Best Islamic Bank in Turkey

Turk won a highly distinguished and reputable prize as part of the annual prize award ceremony by Islamic Finance News (IFN) magazine for the year 2017. The bank has also received the best Islamic bank award in Turkey. These prizes come as part of many prizes awarded by highly reputable international organizations to KFH as one of the most important and leading Islamic banks operating in Turkey.

The"... Continue Reading

FinTech could boost growth of global Islamic finance, S&P says

April 18, 2018

FinTech could boost growth of global Islamic finance, S&P says

The Islamic finance industry, which is set for a relatively slower growth over the next two years, could tap new opportunities by turning to financial technology, or FinTech, said S&P Global Ratings in a report issued on Tuesday.

Global Islamic financing will grow by an average of 5 per cent in 2018 and 2019, unchanged from"... Continue Reading

GCC Islamic banks to maintain improved asset quality

April 16, 2018

GCC Islamic banks to maintain improved asset quality

The credit fundamentals of Islamic banks operating in the GCC countries have converged with those of their conventional peers and they should maintain their improved asset quality and profitability in the coming year, Moody's Investors Service said in a report.

However, the Islamic banks' still high loan concentration to real estate-related sector and higher asset growth remain key moderating"... Continue Reading

Islamic Development Bank launches USD 500 million ''innovation fund''

April 4, 2018

Islamic Development Bank launches USD 500 million ''innovation fund''

The Islamic Development Bank (IDB) launched on Tuesday a USD 500 million 'innovation fund' for funding scientific and technological inventions throughout the globe.
This came at a ceremony held on margins of the annual meetings of the IDB Group, which kicked off in Tunisia on Sunday, as prelude to the bank annual convention due on Wednesday.
Dr. Bandar Hajjar, the group president, said"... Continue Reading

KFH: 200 million euros credit facility to Limak for Canakkale Bridge in Turkey

March 28, 2018

KFH: 200 million euros credit facility to Limak for Canakkale Bridge in Turkey

Group Chief Executive Officer at Kuwait Finance House (KFH), Mazin Saad Al-Nahedh emphasized the efficiency of Islamic finance instruments in providing financing solutions that meet customers’ requirements while reflecting the world leadership position of KFH in the Islamic finance industry and the excellence in providing a wide range of comprehensive sharia-compliant financial services as per highest"... Continue Reading

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