The leading participation bank in Turkey, Kuveyt Türk has been awarded the “Best Asset Management” prize as part of 9th Global Islamic Finance Awards (GIFA). The award was given to the bank in Cape Town, the capital city of South Africa on September 16. Mr. Mehmet Oral, Executive Vice President in Charge of Retail Banking at Kuveyt Türk said, “We will continue to provide best of services to all of our client groups with our customer-oriented approach and with our efforts strengthened by technology, innovation and digital transformation.”
Standing out with its innovative products and services Kuveyt Türk has been awarded at 9th
Global Islamic Finance Awards (GIFA). The “Best Asset Management Prize” was presented to Kuveyt Türk in Cape Town, the capital city of South Africa on September 16, 2019. Mr. Kerim Barkin, Asset Management Director, received the award on behalf of Kuveyt Türk.
“This award represents the success of our strategy in asset management”
Mehmet Oral, Executive Vice President in charge of Retail Banking at Kuveyt Türk, assessing GIFA and its activities in the field of asset management, where they were deemed worthy of the award, said, “GIFA is a prestigious event in the international arena. This award is an important indicator of how accurate and successful our strategy in private banking and asset management is. We will continue to provide best of services to all of our client groups with our customer-oriented approach and with our efforts strengthened by technology, innovation and digital transformation. We received the award on behalf of nearly 6,000 employees who have a major share in the satisfaction of our customers on 6 continents. We would like to thank the GIFA committee, which deemed our Bank worthy of an award.”
Private banking client on six continents
Kuveyt Türk, the first participation bank to position its high-income customers in the Private Banking segment, serves its customers within the Private Banking and Asset Management Group Department.
In 2018, Kuveyt Türk provided 23 sukuk issuances to qualified investors, offering solutions to private banking customers such as qualified sukuk issuences, boutique sukuk issuences, mutual funds and customized mutual funds.
KT Portföy, an affiliate of Kuveyt Türk, actively engaged in TL sukuk fund, USD sukuk fund and mixed funds with stocks in addition to short-term lease certificates participation fund which provides daily return opportunities for Private Banking customers.
Kuveyt Türk also provides private consulting services in various fields especially in line with the demand from Gulf Region customers.