Kuwait Finance House Wins Award for Best Islamic Private Banking Services in the World
Kuwait Finance House awarded Private Banker International's Best Islamic Private Bank in the World.
Translated by Qiyas from الجريدة — Original source
This global accolade reflects the leading position of Bitafaweer in the private banking and wealth management sector, as well as the recognition of its success in providing Sharia-compliant banking and investment solutions that adhere to the highest global standards, and its ability to meet the needs of high-net-worth clients and those with substantial wealth through its international business network.
The bank earned this award following a rigorous evaluation conducted by an independent jury, which relied on a set of criteria, the most prominent of which include: the success in delivering an integrated system of Sharia-compliant banking and investment solutions; leveraging its extensive presence in the Middle East, Asia, and European markets; and its approach of building long-term relationships with clients, supported by specialized banking expertise, innovative digital solutions, and an exceptional banking experience tailored to clients’ aspirations and diverse needs.
Hamad Al-Ghanim, General Manager of Private Banking and Wealth Management at Bitafaweer, stated that this award confirms the advanced position the bank has established on the global stage, and the success of its strategy to become the premier and leading provider of Sharia-compliant private banking and wealth management services. He noted that the bank continues to develop its services and investment solutions, contributing to the protection and growth of clients’ wealth and the achievement of their long-term financial goals.
Al-Ghanim added, “Bitafaweer offers a comprehensive suite of private banking and wealth management services, including the management of regional and global investment portfolios, international equity and real estate funds, leasing and trade finance solutions, treasury and investment services, alongside a wide range of investment opportunities and solutions in local and global markets. This is done in tandem with economic and investment developments, ensuring the delivery of maximum added value to clients.”
He emphasized that this achievement serves as an incentive to continue innovating and developing financial and investment services and solutions that meet clients’ aspirations and capitalize on promising opportunities in regional and global markets. He pointed out that the award adds to Bitafaweer’s distinguished record of international accolades and recognitions, which reflect its leadership in the Islamic banking industry and its excellence in providing banking and investment services according to the highest standards of quality and professionalism, leveraging its advanced technological infrastructure and extensive expertise in Islamic banking.
The Private Banker International Global Wealth Awards were evaluated by an independent panel comprising a select group of global experts in wealth management and private banking. All submissions undergo individual assessment by panel members using a rigorous methodology that ensures transparency and objectivity, prior to the finalization of results and the selection of winners.
In the category of Best Islamic Bank for Private Banking Worldwide, the evaluation criteria focus on the institution’s ability to deliver a reliable and integrated system for Sharia-compliant wealth management. This includes investment and financing solutions, the quality of services provided to clients, the breadth of Islamic products, the efficiency of the Sharia governance framework, the qualifications of the Sharia board, the effectiveness of fatwa issuance and Sharia supervision procedures, compliance with relevant regulatory requirements, and the institution’s success in serving a clear and growing client base seeking Sharia-compliant financial solutions.
In its 36th year, the Private Banker International Awards stand out as one of the world’s leading specialized awards in the wealth management and private banking sector, bringing together global private banks, independent wealth managers, family offices, and asset management firms to honor institutions and individuals who set benchmarks for excellence in client service, investment performance, and strategic innovation.
