Who are we ?
SKFH is now one of the fastest growing financial companies in KSA. SKFH is a closed joint-stock company, with a share capital of SR 500 million, paid in full, and entered in the Commercial Register under no 1010312522 dated 28/3/1430 H, issued in Riyadh. SKFH conducts its businesses as principal and undertake coverage, management, arrangement, consultancy and custodianship in Saudi financial markets, under its license issued by CMA under No 37-08124 dated 5/11/2008. The Company undertook its activities since 23/1/2010. SKFH is considered one of the strongest capital bases in this arena. KFH, a public Kuwaiti joint-stock company registered and listed in Kuwait exchange market holds 99.9% of SKFH shares.
Producing Islamic structured wealth management and financial advisory services to a wide base of the region’s niche individual and institutional clients through creating distinctive investment opportunities, delivering consistent and efficient returns while maximizing shareholders value.
Leading the Islamic wealth management sector in the Kingdom of Saudi Arabia. Transforming the local and regional investment banking sector by adopting a Shariah compliant investment approach while adhering to highest standards of integrity, professionalism and quality excellence.
SKFH is capable of underwriting and executing transactions of large size and is licensed by the capital Market Authority to perform (all the 5 services)
Principal and Underwriting
Managing and Establishing
Saudi Kuwaiti Finance House has since its inception committed itself to the application of the Islamic Sharia in all of its transactions. To be able to achieve such noble objective, the company has established an independent Sharia Board. All businesses of the company are submitted to this Board for verification of compliance with the rules of the Islamic Sharia.
The current members of the Shariah, are:
His Eminence / Prof. Dr. Syed Muhammad Al-Tabtabai
His Eminence / Prof. Dr. Abdulaziz bin Saud Al-Dhwaihi
His Eminence / Dr. Abdul Majeed Al Darwish
A SUCCESS STORY
Kuwait Finance House (KFH) is considered a pioneer in the banking phenomenon known as Islamic Finance or Shari’a Compliant Banking. KFH is the first Islamic bank established in 1977 in the State of Kuwait and today it’s one of the foremost Islamic financial institutions in the world.
KFH has steadily managed to expand its business and achievements to lead the Islamic banking industry and become a pioneer financial establishment, not only in the Islamic banking industry, but also in the banking sector as a whole, besides being one of the biggest lenders in both the local and regional markets
KFH’s largest shareholders include: Kuwait Investment Authority (Direct), Kuwait Awqaf Public Foundation (Direct), Public Authority for Minors’ Affairs (Direct), The Public Institution for Social Security (Indirect), as of 31-December-2013.
KFH (KSE: KFIN) is a publically listed company on the Kuwait Stock Exchange (KSE).
KFH provides a wide range of banking Shari’a compliant products and services, covering real estate, trade finance, investment portfolios, commercial, retail and corporate banking and is available in Kuwait, Kingdom of Bahrain, Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Malaysia, and Australia.ng and is available in Kuwait, Kingdom of Bahrain, Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Malaysia, and Australia.
GLOBAL INTEGRATED OPERATIONS
Leading the Islamic finance industry Globally, and offering a suite of financial Islamic services and products. KFH’s Group banking network spans across seven regions worldwide, with 355 branches, over 475 ATMs and approximately 8,000 employees.
ISLAMIC BANKING.. A DISTINCT CONCEPT
Islamic banking refers to a system of banking, which is compliant with religious law called Shari’a, guided by Islamic principles of an integral and just society. The cornerstone of Islamic banking and finance is transparency and honest dealings that achieves mutual benefits for the bank and customer.
We at KFH provide services that exemplify those values.