Kuwait Finance House (Bahreyn) (B.S.C.)
Established in January 2002 as a wholly owned subsidiary of Kuwait Finance House-Kuwait, Kuwait Finance House-Bahrain is a leading provider of Islamic commercial and investment banking services. Total assets of the bank as of December 2008 is BHD 1,284 Billion (USD 3,404 Billion). KFH Bahrain has been achieving multiple accomplishments and presenting innovative services. Following its effective management and execution of Durrat Al-Bahrain, KFH Bahrain has launched Diyar Al-Mahrag Project; a major real estate development project, targeting all classes of the society especially the mid and limited income people in the Kingdom of Bahrain. Moreover, KFH Bahrain has announced the establishment of an investment bank in Jordan with a capital worth USD 50 million.
Kuwait Finance House (Malezya) Berhad
Kuwait Finance House (Malaysia) Berhad (KFHMB) is a wholly-owned subsidiary of KFH, and commenced operations on 8 August 2005, KFHMB commenced operations in Malaysia in August 2005, with a paid-up capital of USD100 million, which has since increased to USD500 million, and another USD100 million in Tier II, as at the financial year ending December 2008.
In 2008, MARC has assigned long-term and short-term financial institution ratings of AA+/MARC-1 to Kuwait Finance House (Malaysia) Berhad. The ratings carry a stable outlook. In the same year, on 2 December 2008, RAM Ratings has reaffirmed the long- and short-term financial institution ratings of Kuwait Finance House (Malaysia) Berhad at AA2 (stable outlook) and P1, respectively. The reaffirmation reflects the sturdy support from the Bank’s holding company, Kuwait Finance House KSC, vis-à-vis its core business model, international franchise, as well as funding and business support.
KFHMB’s robust expansion has almost quadrupled its financing base to RM3.22 billion as at end-December 2007, from RM817.99 million a year earlier. By end-June 2008, the Bank’s financing assets had expanded further to RM4.58 billion, translating into an annualized growth 84.47%.
Kuwait Finance House (Singapur) Pte. Ltd.
Kuwait Finance House (Singapore) Pte. Ltd. (KFHS) incorporated in Singapore on 6 November 2007 as a wholly-owned subsidiary of Kuwait Finance House (Malaysia) Berhad. KFHS, which commenced operations on 18 March 2008, is involved in fund management activities, and undertakes the management of regional funds promoted by the KFH Group. Apart from being the regional distribution network for products and services sponsored by the KFH Group in the Asia-Pacific region, KFHS will act as the centre of excellence for the KFH Group’s Islamic private banking and wealth management services.
Kuwait Finance House (Avustralya) Pty. Ltd.
Kuwait Finance House (Australia) Pty. Ltd. is a wholly-owned subsidiary of Kuwait Finance House (Malaysia) Berhad commenced operations on 2 January 2008. Kuwait Finance House (Australia) Pty Ltd (KFHA) operates under an Australian Financial Services Licence. It plays a critical role in pioneering the development of Australian Islamic capital markets. The Australian office deploys the full scale Islamic financial services capability of KFH in Australia, which includes the origination and execution of investment opportunities, treasury and investment products, as well as other marketing initiatives for the Group. As such, KFHA also plays an important role in fostering greater economic linkages between the Gulf Cooperative Council (GCC) countries, the Asian region and Australia through foreign direct investments.