Best Sukuk Bank (Global Finance Award 2008) : Kuwait Finance House

Kuwait Finance House (KFH) was established in the State of Kuwait in 1977, as the first bank operating in accordance with the Islamic Shari'a. KFH is listed in Kuwait Stock Exchange (KSE), with a market capitalization of KD 3.133 billion as of 31 December 2006. Assets total KD 6.314 billion and deposits amount to KD 3.730 billion, representing 25% of the total deposits in the Kuwaiti market as per the balance sheet of 2006.

KFH has been highly rated by prestigious international agencies. Standard & Poor's rated KFH A-/A2 for short and long term investments, respectively. Capital Intelligence rated KFH A/A1 for short and long term investments, respectively. Fitch International also rated KFH A, and Moody's rating was Aa3. KFH has been awarded by The Banker magazine as the world's Best Islamic Financial Institution, and for third successive year it has been awarded by EuroMoney magazine as the best bank.

KFH provides a wide range of Islamic Shari'a compliant products and services, covering banking, real estate, trade finance, investment portfolios, and other products and services.

Since the 1980's, KFH has witnessed multi-activity in international expansion. It has established independent banks in Turkey, Bahrain, and Malaysia. Moreover, it has stakes in other Islamic banks. Its investment activities in the US, Europe, South East Asia and the Middle East contributed tremendously to achieving the ever-growing profit of KFH, in collaboration with the world's leading companies and banks, such as Citibank, Deutsche Bank JP Morgan, Chase, BNP Parisbas, ABN Amro, HSBC, and Islamic Development Bank (IDB).

KFH has always endeavored to expand its local branch network, covering 42 branches, in addition to special sections for ladies. It adopts the out-of-branch client concept. KFH has maintained its foothold as a pioneering entity in utilizing the latest technologies to meet the requirements of the various activities in which it operates, using online, SMS, as well as phone service (Allo Baitak), which has received the highest accreditation from the US Purdue University for outstanding customer service level.

KFH is proud of its manpower skills. It employs a number of outstanding human resources, and is a pioneer in manpower Kuwaitization, where Kuwaiti manpower exceeded 52%.

Best Islamic Bank in the Middle East : Dubai Islamic Bank (Euromoney)

Dubai Islamic Bank has the unique distinction of being the world’s first fully-fledged Islamic bank, a pioneering institution that has combined the best of traditional Islamic values with the technology and innovation that characterise the best of modern banking. Since its formation in 1975, Dubai Islamic Bank has established itself as the undisputed leader in its field, setting the standards for others to follow as the trend towards Islamic banking gathers momentum in the Arab world and internationally.

Since its formation in 1975 as the world’s first full-service Islamic bank, DIB has established itself as the undisputed leader in its field, setting the standards for others to follow as the trend towards Islamic banking gathers momentum in the Arab world and internationally.
Today, Islamic banking is increasingly recognised as a fairer alternative to traditional commercial banking and is consequently attracting many non-Islamic customers – motivated by the system’s inherent commitment to transparency and ethical values.
That’s why Islamic banking now one of the world’s fastest-growing economic sectors, comprising close on 200 institutions responsible for assets estimated at more than $200 billion.

And Dubai Islamic Bank still leads the way, remaining true to its roots as a customer-centred organisation where close personal service and understanding form the basis of all its relationships. Tradition and heritage join with a commitment to flexibility, innovation and modernity, so that customers of every nature are provided with comprehensive solutions to all their financial needs

Whether you are already a customer, or looking for a bank that’s refreshingly different, you will discover why Dubai Islamic Bank is always the first choice for discerning clients who are seeking quality, service, and value for money. Use this website take advantage of our ‘Al Islami On-line Banking’ facility to manage all your finances. You can save time, money, and effort by using Al Islami to handle all your banking requirements quickly and efficiently. Just click the links to register or to log-on.

Islamic banking and finance is now one of the world’s fastest-growing economic sectors that comprise more than 400 institutions with assets under management in excess of US$ 1 trillion (US$1,000 billion).

In this context, the role of Dubai Islamic Bank is even more impressive. Yet, the bank remains true to its roots as a customer-centered organisation where close personal service and understanding form the basis of all its relationships. Tradition and heritage join with a commitment to flexibility, innovation and modernity, so that customers of every nature are provided with comprehensive solutions to all their financial needs.

DIB Awards

* Dubai, June 22, 2008:Dubai Islamic Bank named ‘Best Islamic Bank at Banker Middle East Awards
* Dubai, May 13, 2008:Dubai Islamic Bank named world’s Best Islamic Retail Bank by Global Finance
* Dubai, April 30, 2008:Dubai Islamic Bank awarded “Superbrand” status
* Dubai, February 27, 2008: DIB named UAE’s best Islamic bank
* Dubai, February 3, 2008: Dubai Islamic Bank wins Best Islamic Credit Card Product Award
* Dubai, January 28, 2008: Dubai Islamic Bank receives Best Islamic Bank Award and Best Call Centre Award
* Dubai, December 12, 2007: DIB wins Best Islamic Bank and Best Islamic Wealth Management Firm Awards
* Dubai, October 6, 2007: Dubai Islamic Bank wins Real Estate “Best Investment Management” Bank Award
* Dubai, September 12, 2007: Dubai Islamic Bank wins Middle East e-Banking Award
* Dubai, May 19, 2007: Dubai Islamic Bank wins best Islamic Bank Award from Banker Middle East
* Dubai, March 13, 2007: Dubai Islamic Bank wins Dubai Human Development Award
* Dubai, March 5, 2007: H.H. Dr. Sheikh Sultan Al Qassimi presents Emiratisation award to Dubai Islamic Bank CEO
* Dubai, February 3, 2007: Dubai Islamic Bank wins Euromoney “Best Islamic Bank in the Middle East” award
* Dubai, January 3, 2007: DIB named Best Islamic Finance House in UAE
* Dubai, December 5, 2006: Dubai Islamic Bank wins “Bank of the Year - UAE” Award
* Dubai, June 8, 2006: DIB wins Euromoney’s Best Debt House Award in the UAE
* Dubai, May 17, 2006: Dubai Islamic Bank wins Best Islamic Bank and Product Innovation awards from Banker ME Magazine
* Dubai, March 26, 2006: Dubai Islamic Bank wins Golden Trophy in UAE Web Awards Ceremony
* Dubai, March 21, 2006: Dubai Islamic Bank wins two Sheikh Mohammed Bin Rashid Al Maktoum Islamic Finance Awards
* Dubai, March 5, 2006: DIB awarded top HR award for banking sector
* Dubai, February 13, 2006: Dubai Islamic Bank wins Best Islamic Bank in Middle East at Gulf Wealth Forum
* Dubai, January 27, 2006: Dubai Islamic Bank wins Euromoney’s Best Islamic Bank in Middle East and Best Global Sukuk House Awards
* Dubai, November 27, 2005: GCC Labour and Social Affairs Ministers Council awards Dubai Islamic Bank
* Dubai, August 26, 2005: Dubai Islamic Bank wins Best Consumer Internet Bank Award by Global Finance
* Dubai, June 2, 2005: Dubai Islamic Bank receives JPMorgan Chase 2004 Elite Quality Recognition Award
* Dubai, May 18, 2005: DIB rated one of the top three banks in the Middle East
* Dubai, March 8, 2005: DIB wins top HR award for banking sector
* Dubai, November 1, 2004: UAE ranked top as DIB rated world’s No1 Islamic finance Deals lead manager
* Dubai: July 28, 2004: Dubai Islamic Bank wins J. P. Morgan Chase Quality Recognition Award

The first sharia bank in Kuwait

Kuwait Finance House (KFH) was established in the State of Kuwait in 1977, as the first bank operating in accordance with the Islamic Shari'a. KFH is listed in Kuwait Stock Exchange (KSE), with a market capitalization of KD 3.133 billion as of 31 December 2006. Assets total KD 6.314 billion and deposits amount to KD 3.730 billion, representing 25% of the total deposits in the Kuwaiti market as per the balance sheet of 2006.

KFH has been highly rated by prestigious international agencies. Standard & Poor's rated KFH A-/A2 for short and long term investments, respectively. Capital Intelligence rated KFH A/A1 for short and long term investments, respectively. Fitch International also rated KFH A, and Moody's rating was Aa3. KFH has been awarded by The Banker magazine as the world's Best Islamic Financial Institution, and for third successive year it has been awarded by EuroMoney magazine as the best bank.

KFH provides a wide range of Islamic Shari'a compliant products and services, covering banking, real estate, trade finance, investment portfolios, and other products and services.

Since the 1980's, KFH has witnessed multi-activity in international expansion. It has established independent banks in Turkey, Bahrain, and Malaysia. Moreover, it has stakes in other Islamic banks. Its investment activities in the US, Europe, South East Asia and the Middle East contributed tremendously to achieving the ever-growing profit of KFH, in collaboration with the world's leading companies and banks, such as Citibank, Deutsche Bank JP Morgan, Chase, BNP Parisbas, ABN Amro, HSBC, and Islamic Development Bank (IDB).

KFH has always endeavored to expand its local branch network, covering 42 branches, in addition to special sections for ladies. It adopts the out-of-branch client concept. KFH has maintained its foothold as a pioneering entity in utilizing the latest technologies to meet the requirements of the various activities in which it operates, using online, SMS, as well as phone service (Allo Baitak), which has received the highest accreditation from the US Purdue University for outstanding customer service level.

KFH is proud of its manpower skills. It employs a number of outstanding human resources, and is a pioneer in manpower Kuwaitization, where Kuwaiti manpower exceeded 52%.