Kuwait Finance House (KFH), established in 1977, is a Kuwaiti bank that provides a range of sharia-compliant (i.e. governed by the principles of Islamic religion) products and services to corporate and individual customers. KFH is also a prominent institution in conventional banking, with international presence and one of the biggest lending portfolios in the GCC.
KFH’s main shareholders are the Kuwait Investment Authority (16.8%), the Public Institution for Social Security (9.2%), the Public Authority for Minors Affairs (7.3%) and the Kuwait Awqaf Public Foundation (5.1%).
Following the acquisition of Ahli United Bank in 2022 for around USD 11.6 million, KFH became Kuwait’s largest bank by assets and the world’s second-largest Islamic bank. KFH has its headquarters in Kuwait and branches in 12 countries. It is listed on Boursa Kuwait and Bahrain Bourse with the ticker KFH.
KFH divides its activities into three main segments:
Banking, which provides banking and investment products to individual customers and domestic and international companies
Treasury, which deals with liquidity management, murabaha investments (i.e. cost-plus, or not involving interest), exchange deposits and international banking
Investment, which manages the banks investments in several vehicles
Through its sole investment arm, KFH Capital, the bank is a major participant in the international sukuk (Islamic bonds) market, where it leads and arranges issuances covering sovereigns and institutions across various sectors.
KFH monitors the oil and gas sector project pipeline closely and integrates its developments into its overall strategy planning. Over the years, it has collaborated closely with KPC subsidiaries and has been involved in a number of their ventures both domestically and abroad.