"Bayt Al Tamweel" Wins Prestigious Awards from "Euromoney"

Kuwait Finance House (KFH) has secured a prestigious array of awards at the 2026 Euromoney Awards for Excellence in Banking and Islamic Finance, including:

These awards underscore KFH’s success in developing Sharia-compliant wealth management services and embedding Environmental, Social, and Governance (ESG) principles across its operations. This reflects the bank’s commitment to innovation, enhancing the customer experience, and delivering sustainable value, alongside its qualitative achievements in digital banking and the cumulative results of its continuous investment in technology and innovation.

The awards were accepted by Ghazi Al-Anzi, Deputy General Manager for Private Banking and Wealth Management at KFH, and Ahmed Al-Othman, Chief Executive Officer of the digital bank Tam, during the Euromoney Awards ceremony held in Dubai.

KFH’s wins for “Best Islamic Wealth Management Bank in the Middle East” and “Best Islamic Wealth Management Bank in Kuwait” highlight its success in evolving its private financial services and wealth management operations into a comprehensive advisory platform that integrates Sharia-compliant banking, financing, and investment solutions.

According to Euromoney magazine, KFH restructured its private financial services and wealth management business under a unified framework and launched a new operating model aimed at enhancing the customer experience, developing investment capabilities, and offering more sophisticated Islamic wealth management solutions. This transformation was supported by investments in specialized talent and technology, as well as the continuous development of KFH Capital, the bank’s investment arm.

The magazine noted that a key pillar of KFH’s strategy is the redesign of its client relationship management model through a specialized advisory framework that integrates relationship managers, investment specialists, financing specialists, and account managers. This enables clients to benefit from integrated expertise tailored to their specific banking, financing, and investment needs.

Euromoney also highlighted the bank’s focus on human capital development, noting that its private banking and wealth management teams completed advanced training programs with Moody’s, obtained professional certifications from the Certified Institute for Securities and Investment, and participated in specialized advisory programs in Islamic wealth management.

On the investment services front, Euromoney pointed to the bank’s launch of a global discretionary portfolio management service. Based on the bank’s internal investment vision and asset allocation model, this service provides clients with a diversified, multi-asset investment approach through an open-ended selection of Sharia-compliant investment funds.

Digital innovation played a pivotal role in this success. The magazine noted that KFH Capital implemented a new asset management system to unify the management of funds and investment portfolios, while also developing the KFH Wealth app to provide clients with more efficient access to their investment portfolios. Additionally, the launch of the Allfunds platform in Kuwait has expanded access to Sharia-compliant investment opportunities.

The magazine added that KFH achieved record profits in its private financial services and wealth management sector, alongside notable growth in assets under management during the evaluation period. This reinforces its position as the benchmark for modern, advisory-driven Islamic wealth management in Kuwait.

Bait Al Tamweel’s receipt of the Best Islamic Bank in Kuwait for ESG (Environmental, Social, and Governance) implementation underscores the bank’s comprehensive approach to sustainability and responsible banking.

The magazine noted that sustainability considerations have become an integral part of the bank’s banking activities, through increased investment in green sukuk and sustainability-linked sukuk, alongside financing national infrastructure projects, including wastewater treatment facilities that support water reuse and enhance resource utilization efficiency.

The magazine also highlighted the bank’s efforts to reduce energy consumption across its branch network by adopting energy-efficient systems, upgrading cooling systems, and introducing automated control systems that have contributed to improved operational efficiency.

In this context, Bait Al Tamweel has completed several certified green buildings, including structures that have earned both GSAS Gold and LEED Gold certifications. This reflects tangible improvements in energy and water consumption efficiency and waste management, contributing to the establishment of sustainability standards in Kuwait’s commercial real estate sector.

On the social front, Euromoney praised the bank’s Creating Shared Value (CSV) platform, which has facilitated the implementation of more than 200 community initiatives. These initiatives include allocating 8 million Kuwaiti dinars for the reconstruction of 17 buildings in the Mubarakiya Market, and allocating 18 million dinars to support a specialized cardiac care center.

These initiatives were further supported by more than 3,000 hours of volunteer work, the distribution of over 18,000 meals during Ramadan, and support for 1,680 families, thereby contributing to enhanced healthcare, preservation of national heritage, and support for essential community services.

The magazine also noted that Bait Al Tamweel has maintained robust governance standards through direct board-level oversight, comprehensive emissions measurement, and the integration of sustainability considerations into credit assessment processes, thereby aligning sustainability objectives with risk management and capital allocation decisions.

Euromoney indicated that Bait Al Tamweel is a leader in Kuwait’s digital banking landscape, through the strategic development of Tam Bank, the first Sharia-compliant digital bank in Kuwait.

Tam Bank’s digital strategy is anchored in four key investment pillars: digital infrastructure, cybersecurity and compliance, product innovation, and delivering a seamless customer experience. This has resulted in the launch of a fully mobile-based banking platform that provides instant, secure, and user-friendly banking services, with a particular focus on the youth segment aged 15 and above.

This approach has strengthened Bait Al Tamweel’s position at the forefront of digital transformation in the region, while maintaining strict Sharia governance and high operational flexibility.

By executing a clearly defined digital vision and achieving tangible, measurable improvements in customer experience and engagement levels, Bait Al Tamweel has solidified its position as a leader in digital banking in Kuwait.

Through Tam, the bank affirms that disciplined investment, customer-centric design, and continuous innovation can translate into sustainable long-term digital leadership.

Bayt Al Tamweel has successfully strengthened its digital presence by upgrading its technological infrastructure and expanding the scope of services offered through various digital channels and platforms, alongside smart branches and self-service kiosks. This has contributed to a qualitative leap in the level of banking services, increased adoption rates, and improved quality and operational efficiency metrics.

The bank has delivered a comprehensive digital transformation model grounded in a clear strategic vision focused on the customer and achieving tangible operational results. In 2025, it processed over 600 million digital transactions and provided more than 200 integrated digital services via KFHonline, reinforcing the position of digital services as a primary banking option for customers.

Bayt Al Tamweel continues to keep pace with rapid developments in financial technology (FinTech), data engineering, digital product design, and smart solutions, adhering to the highest standards of quality, reliability, governance, and cybersecurity requirements. This approach helps enhance operational efficiency, boost productivity, reduce service turnaround times, and elevate customer satisfaction and trust.

The Excellence Awards presented by Euromoney are among the most prestigious global awards in the financial sector. The evaluation of institutions is based on precise criteria, including innovation, service quality, the efficiency of digital solutions, and the ability to deliver added value to customers.

For over 50 years, Euromoney has been one of the leading global references for assessing performance and excellence in the banking and financial sectors. It honors institutions that achieve exceptional levels of performance, innovation, and service quality for their customers. The Euromoney Excellence Awards are granted to financial institutions that establish global benchmarks in performance, innovation, and the impact they deliver to their clients, making them among the most esteemed international awards in the financial industry.