Arab Finance House
On the local scene, the Islamic banking sector was introduced to Lebanon 15 years ago but in just six short years, since its establishment in 2004, Arab Finance House (AFH) was able to reach the top position amongst Lebanese Islamic financial institutions and to obtain more than 60% of the market share. AFH also climbed up to the 14th rank, in terms of liquidity, amongst both conventional and Islamic Lebanese banks. These achievements, amongst others, have led to AFH being awarded "Best Islamic Financial Institution in Lebanon" :
- the Global Finance Award for the 2008- 2009-2010
- Islamic Finance News Award 2009
- World Confederation Businesses Award 2010
On the investment level, Arab Finance House gave investors numerous opportunities to invest their funds in attractive projects located all over the world with highly competitive projected returns that were unmatched in the Lebanese market.
All our products are strictly monitored by our Sharia’a board members.
Despite the unstable political situation in Lebanon, AFH is expanding and has opened many branches in: Beirut, Tripoli, Sidon, Chtoura, downtown Beirut, and the southern suburb of Beirut, These branches were successfully inaugurated during difficult political times. AFH is also planning to open a new branch in north Lebanon (Alabde) in 2011.
In 2009, AFH launched a Private Banking Department to cater to the needs of high net worth individuals and to offer them satisfactory capital appreciation solutions and proper investment tools within the frameworks of Shari’a..
We at AFH have a firm belief in the radiant future of Lebanon and we trust that investments will undoubtedly increase once the political situation stabilizes and new monetary laws have been issued to fit Shari’a compliant monetary institutions.
Islamic Finance Asia
Islamic Finance Asia is a comprehensive bi-monthly, hard copy magazine published by REDmoney Group. Islamic Finance Asia covers every step of the ever growing Asian Islamic financial markets, charting the growth, product innovation, moves, launches and issues. Until now no publication has focused specifically on the Asian Islamic financial markets. To get your copy of Islamic Finance Asia register at www.islamicfinanceasia.com
Kuwait Finance House
Kuwait Finance House (KFH) was established in the state of Kuwait in 1977, as the first bank operating in accordance with the Islamic Shari ‘a. KFH is listed on the Kuwait Stock Exchange (KSE). As of 1nd half of 2010 KFH total Assets about KD (12 Billion).
The Bank offers a wide range of Islamic banking services, including retail, corporate, commercial and consumer banking, real estate financing, lease financing, auto financing and trade financing as well as direct investments and portfolio investing. Dubbed the “Harvard of Islamic banks” in the 2007 issue of Forbes magazine, KFH has earned global recognition, having received numerous prestigious local and international awards. The accolades attest the financial strength, quality of assets, as well as the efficiency and professionalism of its employees.
In addition KFH is operating in more than 20 countries with 200 branches around the world, which prompted many countries to ask KFH to operate on their lands. KFH uses its subsidiaries in Turkey, Bahrain, Malaysia, Jordan, Germany, and Australia as means for further cooperation between Kuwait, the GCC, Middle East region, Far East, and Europe. Its investment activities in the US, Europe, South East Asia and the Middle East, in collaboration with the world's leading companies and banks, such as Citibank, Deutsche Bank, JP Morgan, Chase, BNP Paribas, ABN Amro, HSBC, and Islamic Development Bank (IDB), contributed tremendously to achieving the ever-growing profit of KFH.
