Kuwait Finance House wins a series of 'Euromoney' awards

Kuwait Finance House (KFH) secured a number of prestigious awards at the 2026 Euromoney Awards for Excellence in Banking and Islamic Finance. These accolades include “Best Islamic Wealth Management Bank in the Middle East,” “Best Islamic Wealth Management Bank in Kuwait,” “Best Islamic Bank in Kuwait for Environmental, Social, and Governance (ESG) Standards,” and “Best Digital Bank in Kuwait.” These awards underscore KFH’s success in developing Sharia-compliant wealth management services and embedding sustainability (ESG) principles across its operations, reflecting its commitment to innovation, enhancing customer experience, and delivering sustainable value. They also highlight the bank’s qualitative achievements in digital banking and the cumulative results of its continuous investment in technology and innovation.

The awards were presented by Ghazi Al-Anzi, Deputy General Manager of Private Banking and Wealth Management at KFH, and Ahmed Al-Othman, Chief Executive Officer of “Tam” Digital Bank, during the Euromoney Awards ceremony held in Dubai.

**Leadership in Sharia-Compliant Wealth Management**

KFH’s wins for “Best Islamic Wealth Management Bank in the Middle East” and “Best Islamic Wealth Management Bank in Kuwait” reflect the bank’s success in developing its private banking and wealth management business, transforming it into a comprehensive advisory platform that integrates Sharia-compliant banking, financing, and investment solutions. According to Euromoney, KFH restructured its private banking and wealth management business under a unified framework and launched a new operational model aimed at enhancing customer experience, developing investment capabilities, and offering more sophisticated solutions in Islamic wealth management.

This transformation was supported by investments in specialized talent and technology, alongside the continuous development of Bitak Capital, the bank’s investment arm. The magazine noted that a key pillar of KFH’s strategy involves redesigning its customer relationship management model through a specialized advisory framework that combines relationship managers, investment specialists, financing experts, and account managers. This allows clients to benefit from integrated expertise tailored to meet their specific banking, financing, and investment needs.

Euromoney also highlighted the bank’s focus on human capital development. Private banking and wealth management teams completed advanced training programs at Moody’s, obtained professional certifications from the Chartered Institute for Securities & Investment (CISI), and participated in specialized advisory programs in Islamic wealth management.

Regarding investment services, Euromoney pointed to the launch of KFH’s Global Discretionary Portfolio Management service, which is based on the bank’s internal investment vision and asset allocation model. It offers clients a diversified, multi-asset investment approach through an open-ended range of Sharia-compliant investment funds.

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

The magazine added that KFH achieved record profits in its private banking and wealth management sector, along with significant growth in managed investment assets during the evaluation period, reinforcing its position as the benchmark for modern, advisory-based Islamic wealth management in Kuwait.

**Excellence in Environmental, Social, and Governance (ESG) Standards**

KFH’s receipt of the “Best Islamic Bank in Kuwait for ESG Standards” award reflects the bank’s comprehensive approach to sustainability and responsible banking. According to the magazine, KFH implemented an integrated ESG framework across its financing activities, operational processes, and community investments, contributing to tangible environmental efficiencies, expanded access to essential services, and strengthened governance and corporate oversight systems.

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

Euromoney also highlighted the bank’s efforts to reduce energy consumption across its branch network through the use of energy-efficient systems, upgrading cooling systems, and introducing automated control systems that have improved operational efficiency. In this regard, KFH completed several certified green buildings, including those awarded GSAS Gold and EED Gold certifications, reflecting tangible improvements in energy and water consumption efficiency and waste management, thereby reinforcing sustainability standards in Kuwait’s commercial real estate sector.

On the social front, Euromoney praised KFH’s Creating Shared Value (CSV) platform, which has seen the implementation of over 200 community initiatives. These initiatives included allocating 8 million Kuwaiti Dinars to reconstruct 17 buildings in the Al-Mubarakiya market, and 18 million Kuwaiti Dinars to support a specialized heart disease center. These efforts were complemented by over 3,000 hours of volunteer work, the distribution of more than 18,000 meals during Ramadan, and support for 1,680 families, contributing to enhanced healthcare, preservation of national heritage, and support for essential community services.

The magazine further noted that KFH 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.

**Digital Excellence and “Tam” Bank**

Euromoney highlighted KFH as a pioneer in Kuwait’s digital banking landscape through the strategic development of “Tam” Digital Bank, the first Sharia-compliant digital bank in Kuwait. Tam’s digital strategy is built on four key investment pillars: digital infrastructure, cybersecurity and compliance, product innovation, and seamless customer experience delivery. This has resulted in the launch of a fully mobile banking platform that provides instant, secure, and user-friendly banking services, with a particular focus on customers aged 15 and above.

This approach has reinforced KFH’s position at the forefront of digital transformation in the region, while maintaining strict Sharia governance and high operational flexibility. By executing a clear digital vision and achieving measurable improvements in customer experience and engagement levels, KFH has solidified its status as a leader in digital banking in Kuwait. Through “Tam,” the bank demonstrates that disciplined investment, customer-centric design, and continuous innovation can lead to sustainable long-term digital leadership.

KFH has strengthened its digital presence by developing its technological infrastructure and expanding services across various digital channels and platforms, including smart branches and self-service kiosks. This has contributed to a qualitative leap in service levels, increased usage rates, and improved quality and operational efficiency indicators. The bank has presented an integrated digital transformation model based on a clear strategic vision focused on the customer and tangible operational results. More than 600 million digital transactions were executed in 2025, and over 200 integrated digital services were provided via KFHonline, reinforcing digital services as a primary banking option for customers.

Furthermore, KFH 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 contributes to improved operational efficiency, enhanced productivity, reduced service turnaround times, and increased customer satisfaction and trust.

Regarding corporate services, the bank continued to develop the eCorp platform by introducing and integrating advanced systems that add value and improve operational efficiency for various companies and institutions, keeping pace with their growing needs and enhancing user experience.

**Exceptional Standards**

The Excellence Awards granted by Euromoney are among the most prominent and prestigious global awards in the financial sector. They evaluate institutions based on precise criteria including innovation, service quality, digital solution efficiency, and the ability to deliver added value to customers. For over 50 years, Euromoney magazine has been one of the leading global references for evaluating performance and excellence in the banking and financial sectors, honoring institutions that achieve exceptional levels of performance, innovation, and service quality. The Euromoney Excellence Awards are given to financial institutions that establish global standards in performance, innovation, and the impact they deliver to their clients, making them among the most prestigious international awards in the financial sector.