Chief Executive Officer at Kuwait Finance House (KFH), Mazin Saad Al-Nahedh and Turkish Minister of Finance, Mehmet Simsek held a meeting on the sideline of the Turkish-Arab Economic Forum. They discussed investment opportunities, the success story of Kuwait Finance House Turkey (KFH-Turkey), and the economic developments in the region.
Simsek affirmed, during the meeting that was attended by KFH-Turkey CEO Ufuk Uyan, the key role KFH plays in Turkish economic growth. He applauded the future positive outlook of the bank in light of obtaining the license to operate sharia- compliant bank in Germany. This reinforces Turkish-German relations, serves the Turkish nationals in Germany and renders sharia compliant financial products and services that open new horizons for Islamic banking in Europe.
Meanwhile, Al-Nahedh said that KFH attaches great interest in the Turkish market. KFH strengthens ties between Kuwait, Turkey and the GCC through the significant role of KFH-Turkey at various levels to achieve the strategic goal of reinforcing economic and commercial relationships with the GCC countries.
Al-Nahedh added that KFH-Turkey will endeavor to develop the performance of the Turkish market and the other markets it operates in through its banks in Bahrain, Dubai in addition to the bank that will operate in Germany. KFH will continue in offering financing instruments that meet corporate needs in turkey, especially the instruments that achieved great success in the last period such as Sukuk. KFH-Turkey’s issuance of sukuk accounted for around USD 2 billion. These sukuk included sovereign sukuk and sukuk for companies. Such a product caters for the economic growth Turkey witnesses.
In conclusion of the first day of the TAF forum, Al-Nahedh honored Semsek and presented him a commemorative gift in presence of a number of Turkish dignitaries and the forum participants.
The forum attracted 500 participations who discussed ways of tapping investment opportunities, the latest economic development in the region and the importance of boosting economic ties between the countries. The forum also tackled economic challenges, and Islamic banking, in addition to ways of improving cooperation in several sectors and areas, such as real estate, construction, energy, Islamic banking, agriculture and tourism.
Kuwait Finance House (KFH)
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 380 branches, including KFH-Turkey, in order to offer services for the bank’s clients in Turkey, Malaysia, Saudi Arabia, Bahrain, Australia, Jordan, Dubai, and Manheim in Germany.
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.
For more information, please visit: www.kfh.com