contents · contents issue 4 the dunes new @ kfh malaysia 09 a benefit - packed weekend editorial...

Contents Issue 4

THE DUNES

New @ KFH Malaysia

09a benefit - packed weekend

Editorial Advisor

yBhg Dato’ Jamelah Jamaluddin

Chief Executive Officer

Editor

akmal Baqi Mohamed ariff

Head, Corporate Communications

Contributors

Hajjah Rumaizah Dato’ abu Bakar

(Head)

Hardy irwan Maarof

Huzaifah Mazlina Mohd alias

isnan Fitri Mohd azmi

Mohamed anuwar yunus

Hamri Tuah

Kuwait Finance House (Malaysia) Berhad

level 26, Menara Prestige,

No 1, Jalan Pinang, P.O.Box 10103,

50450 Kuala lumpur, Malaysia.

KFH Malaysia Contact Centre:

1800 888 KFH (534)

website: kfh.com.my

all rights reserved by Kuwait Finance

House (Malaysia) Berhad. No portion

of this publication covered by the

copyright herein may be reproduced

in any form without the written con-

sent of the publisher.

PRODuCT HigHligHT

04 KFH Mudharabah Current account-i

THe exPeRTs say

05 global strategy,local Opportunities’

CReaTiNg FOOTsTePs

12 KFH Malaysia contributes to the community

13 Kuwaiti studentseducational visit

New @ KFH Malaysia

06 up close and personal with Taib Kipli,KFH Malaysia Branch Manager- Kuching

07 Takaful solutions widen customers choices for product-related services

New ePF online service launched

08 a new journey begins

PeRsPeCTive

03 gearing up for more growth

standardised assessment system launched

09 KFH Malaysia Branch Fiesta 2012

11

Reaching out to Taman Permata customers

Cutting edge media relations

New golden offertakes off

aT gROuP level

14 KFH rewards top graduates

KFH delivers good results in Q1

awarded for being the best

KFH praised for its graduation initiatives

KFH hailed as ‘Best Bank’

15 KFH-Turkey charts excellent performance

Donations for somalian refugees and syrians

KFH supports youth development

KFH serves the community

Maulidur Rasul celebrations

appreciating the media

2 THe DuNes — issue 4

Perspective

KFH Malaysia has for the past few months been participating in a series of exciting events that have left a positive mark on our business.

as i write this message, i do so at KFH Malaysia’s new prestigious address at Menara Prestige, Jalan

Pinang in bustling Kuala lumpur. i am deeply pleased that our bank’s growth in recent years coupled with our strategic plans for future expansion have enabled us to make this move.

we have launched a series of Branch Fiestas and Bazaars across the nation in efforts to enhance our banking offerings and create more awareness for islamic banking and finance. Held in Kota Kinabalu, Klang, Kota Bharu, Kuching and shah alam, these events were a great success and helped us reach out to our customers. Our presence has increased with the opening of our 12th branch located at Taman Permata.

Furthermore, KFH Malaysia has taken a leap forward and signed a strategic partnership with Prudential BsN Takaful Berhad (PruBsN). This partnership is especially important as it opens up a wide range of products that cater to the protection and savings needs of KFH Malaysia customers. we are confident our customers will appreciate the lengths we are going to in bringing greater variety and innovation in product-related services.

while focusing on business, we have also been busy fulfilling our corporate social responsibility and reaching out to the less fortunate. we have been contributing to various orphanages in the country as well as spending time with orphans, a meaningful deed that our employees have enthusiastically given up their time for.

This Syawal, i would like to take the opportunity to wish you ‘Selamat Hari Raya Aidilfitri. Maaf Zahir dan Batin’.

Till the next issue of THe DuNes, i wish you all the very best in whatever you do and thank you for helping take KFH Malaysia to where it is today.

Best regards,

DATO’ JAMELAH JAMALUDDINChief Executive Officer

Gearing upfor more growthWe have launched a series of Branch Fiestas and Bazaars across the nation in efforts to enhance our banking offerings and create more awareness for Islamic banking and finance.

THe DuNes — issue 4 3

SHARIAH CONCEPT Mudharabah Mutlaqah (unrestricted Profit sharing) & Qardh (Non-bearing interest loan)

This concept is essentially a contract between a customer as a capital provider (rabbul mal) who provides 100% of the capital for a business and the Bank as an entrepreneur (mudharib) who manages the business and applies the Bank’s expertise.

under this contract, the resulting profit is shared between both parties according to a pre-agreed ratio, while any loss is borne solely by the provider of the capital.

PRODUCT DETAILS individual/Joint account • Male and female individuals who

are 18 years old and above.• Customers can open an account

with a minimum of RM2,000.

Non-individual account • Companies, Professionals, Business

entities, government agencies. • associations/Clubs/societies.• sole Proprietorships and

Partnerships. • Customers can open an account

with a minimum of RM10,000.

This product is protected by PIDM

PROMOTION

1. RECEIVE two grams of GOLD FREE when you deposit and maintain RM50,000 in the KFH Mudharabah Current account-i for one month.• Promotion is open to all

new and existing individual customers and KFH Malaysia staff aged 18 and above, who are residing in Malaysia.

• limited to the first 500 customers.

• Terms and conditions apply• Promotion ends Friday, 31

august 2012.

2. RECEIVE A FREE KFH THERMO MUG when you deposit RM10,000 and above in the KFH Mudharabah Current account-i.• Terms and conditions apply,

valid while stocks last.

A current account is a deposit account available to customers for either personal or business use where cheques are issued as the mode of payment. The KFH Mudharabah Current account-i however differs from

normal current accounts as it allows customers to earn profit on a monthly basis at a pre-agreed profit sharing ratio.

KFH Mudharabah Current Account-i

Product Highlight


This article brings to light some aspects of the islamic banking industry, especially the endeavour of going global with a local presence.

Over the years, investment trends have undergone an evolutionary phase where many potential new markets have been discovered. Many investors are now shifting their focus to asia due to the region's revived economic growth. For example, China has the largest population in the world and the number of Muslims there constitute 1-2% of the country’s total population, with a recent census implying that there may be up to 20 million Muslims in China as compared to Malaysia with around 17 million. indonesia on the other hand has the highest population of Muslims in southeast asia.

How are these numbers translated into key challenges faced by the islamic banking sector? Many studies suggest that the critical success factors for banks to be competitive in this industry are product differentiation, pricing, branch capabilities, risk management capabilities, industry networks, technical/industry

knowledge as well as capital strength to support the financing needs of large advisory projects.

with that in mind, some of the strategies suggested are to increase industry focus, pursue opportunities of government support for sMes, pursue segments with the biggest profitability per customer, network evolution, brand positioning and developing segment tailored products.

However, the islamic banking industry is also faced with many other challenges such as business mix, funding, network and infrastructure, talent, market risks and differing stands on certain Shariah issues.

in view of these challenges, several studies have suggested that to ensure the sustainability of the islamic banking system regionally and globally, several factors must be considered such as transparent corporate governance practices, well-defined financial architecture, the enabling of legal infrastructure, effective regulatory oversights and adequate market discipline.

in that same vein, the following aspects are highlighted as key areas that are part of a dynamic environment such as infrastructure and services, competitiveness and performance, product development and marketing, factors that differentiate one instrument from another and returns from islamic versus conventional products.

going forward, islamic banking is expected to expand and no longer be confined to just a niche market as it is set to be the mainstream banking of the near future.

The stage is set for banks to play a more active role in promoting regional financial services to meet the growing financing needs of companies. with the rapid growth of islamic banking as compared to conventional banking sectors, more effort needs to be put in place, in view of the challenges faced by the industry as well as the uncertainty surrounding its global outlook.

(Sources: J. Jamaluddin (2011), KFH Malaysia (May & June 2012), Wikipedia)

Global Strategy,Local Opportunities'

By Hamri Tuah

The experts say


TaiB KiPli BegaN His FORay iN islaMiC BaNKiNg iN 2007 aND is TODay THe MaNageR OF KFH Malaysia’s KuCHiNg BRaNCH. FeeliNg BlesseD TO Be giveN THe OPPORTuNiTy TO leaD aN

iNTeRNaTiONal aND HigHly RePuTaBle islaMiC BaNK liKe KFH iN saRawaK, TaiB is ReaDy TO TaKe THe ReiNs aND CReaTe MORe aCTiviTies THaT HigHligHT THe MeRiTs OF SHARIAH-COMPliaNT BaNKiNg.

What is the biggest challenge in your role as Branch Manager?at first, it was creating awareness about islamic banking. Today it is more about keeping up the momentum with continuous sales activities and advertisements while inculcating a strong performance culture among members in my team.

“I am positive we will go far, more so when we relocate in Quarter 3 to the more visible location of Kuching Islamic Banking zone.”

UP CLOSE AND PERSONAL WITH TAIB KIPLI,KFH MALAySIA BRANCH MANAGER- KUCHING

What is the most popular product currently?That would be our international Commodity Murabahah Deposit-i (iCM) 4% and Mudharabah Current account with a two-gram gold deposit. gold is still popular for its simplicity, uniqueness and practicality.

Where do you see KFH Malaysia and the branch in three years?i am positive we will go far, more so when we relocate in Quarter 3 to the more visible location of Kuching islamic Banking zone.

How big is your team and how do you motivate them?i keep my 19 staff motivated by being a good leader and engaging with them through both the good and tough times.

Are community activities important to the Bank? it is our responsibility to give back to the community part of the wealth we accumulated from them. Community activities are also in line with our brand values.

How do you manage your busy schedule and achieve a work-life balance?i try to draw a clear line between work and personal matters. i believe family comes first. if you’re happy at home, you’ll be happy at work. i am fortunate to have an ex-banker for a wife who understands my schedule and has no problems adjusting to it.

Tell us a little about your family and what you do to relax.i am happily married and have five princesses ranging from eight to 18 years old. in my free time, i love nothing better than going scuba diving. i am now learning golf as a way to relax and socialise.

New @ KFH Malaysia


KFH Malaysia and Prudential BsN Takaful Berhad (PruBsN) entered

into a Memorandum of understanding (Mou) to distribute the latter’s market leading takaful solutions. The Mou was signed on Thursday, 1 March 2012.

with this strategic partnership in place, KFH Malaysia’s clientele will be able to enjoy a wide range of products that suit their protection and savings needs.

among the products offered will be PruBsN’s advisory and credit related

plans, with the first phase focused on credit-related plans. The alliance will also include promotional activities such as roadshows and forums.

The partnership will benefit both companies’ reputations by demonstrating an ability and commitment to meet the needs of the banks’ customers.

Dato’ Jamelah Jamaluddin, CeO, KFH Malaysia said, “The signing of this Mou with Prudential BsN Takaful Berhad brings yet another offering

of greater choice for KFH Malaysia’s customers and clients. we are certain they will appreciate the variety and innovation of product-related services, which we continuously work on improving and providing them with.”

azim Mithani, CeO, PruBsN, meanwhile said he was confident the partnership with KFH Malaysia would further strengthen their already strong franchise and enhance the experience of KFH Malaysia’s customers.

Takaful solutions widen customers choices for product-related services

There will be no need to travel or queue now that KFH Malaysia

has launched an online service that allows employers who are customers of KFH Malaysia to make monthly ePF (employees Provident Fund)

New EPF online service launchedcontributions via KFH Online.

launched on Tuesday, 5 June 2012, the service is also open to individuals who wish to make voluntary ePF contributions for themselves or for a third party.

New @ KFH Malaysia


It was more than seven years ago when KFH Malaysia made its mark as the first foreign

islamic Bank in the country. Having succeeded in corporate and investment banking and treasury, the Bank has proceeded to grow its retail and consumer banking business and increase its brand visibility with the presence of 12 branches and 4 Bureau de Change (BDC) nationwide.

in order to support KFH Malaysia’s growth and business

expansion, the Bank’s head quarters and Kl Main Branch were relocated to Menara Prestige, 1, Jalan Pinang in Kuala lumpur on saturday, 30 June 2012.

speaking on the development, Dato’ Jamelah Jamaluddin, CeO, KFH Malaysia said, “This is the beginning of a new journey for KFH Malaysia. i hope this new conducive environment will make us strive even further in working towards our business aspirations.”

journey beginsA new“This is the beginning of a new journey for KFH Malaysia. I hope this new conducive environment will make us strive even further in working towards our business aspirations.”

Dato’ Jamelah JamaluddinCEO, KFH Malaysia

Standardised assessment system launched

T he task team from the KFH group is now making visits to subsidiary

banks in its overseas markets to implement an internal assessment system for capital adequacy, in order to standardise methods and frameworks

concerning risk management.This new internal capital ratio

policy is performed collectively for subsidiary companies and also serves to unify the strategic approaches used by the group’s units in monitoring and managing risk. This will allow subsidiaries to benefit from the experience of the main bank in that field while also fulfilling the requirements imposed by regulatory authorities in the markets that KFH’s units operate in.

The KFH work team has just

completed their work at KFH Malaysia where employees also received training so they would be able to man the new system themselves. Turkey and Bahrain are the next stops.

KFH Malaysia’s new journey begins at Menara Prestige

New @ KFH Malaysia


KOTA KINABALU exCiTiNg islaMiC FiNaNCiNg PRODuCT PROMOTiONs

IT was a fun-filled fiesta with over 800 people dropping by for KFH Malaysia’s Kota Kinabalu Branch Fiesta on saturday,14 april 2012 at City Mall.

The Hitz.fm Cruisers & skuad eRa were on-site to attract visitors with attractive giveaways while the top three winners of a kid’s colouring contest received deposits of RM150, RM100 and RM50 respectively in a savings

account opened for them. There was also a property showcase, complimentary health screenings and free consultations by Pusat Zakat sabah.

The fiesta was a success with 30 new savings accounts opened and RM2.1 million in mortgage financing. Present at the event was Tuan Hj. samin Ongki, Chairman yayasan Dakwah islamiah Malaysia (yaDiM), sabah.

Aseries of fiestas were held to enhance the bank’s retail banking offerings and customer experience whilst reaching out in the market KFH Malaysia operates in.

During the event, customers were offered attractive rates on selected products, which included auto financing, Home financing, Murabahah deposits and Mudharabah Current accounts.

KFH MALAySIA BRANCH FIESTA 2012

KFH Malaysia’s Kuching Branch Community Bazaar held at Menara Zecon from saturday, 28 april to sunday, 29 april 2012 was an exciting event with 1,000 visitors.

Officiated by Dato’ Jamelah Jamaluddin, CeO, KFH Malaysia, the event was part of the Bank’s overall efforts to enhance its retail banking offerings and customer experience. it also served as a charity drive where participating merchants were encouraged to donate part of their income to charity.

Due to the big turnout, the branch

KUCHINGa BeNeFiT - PaCKeD weeKeND

recorded 100 new savings accounts, gold deposits of 20 grams, RM2 million in mortgage financing and RM2 million in personal financing.

visitors enjoyed a mini concert as well as theatre, gamelan and nasyid performances. There was also a Muay Thai boxing demonstration.

New @ KFH Malaysia


KFH shah alam held its Branch Fiesta from Friday, 30 March to saturday, 31 March 2012, drawing in 1,200 visitors, 36 of whom opened new saving accounts and 20 gold accounts with a total deposit of 223 grams of gold.

The event continued on a bright note with many visitors winning electrical appliances and hampers in the

bank’s lucky draw. Other activities included a blood donation drive, complimentary health screening, a kid’s colouring contest and entertainment provided by a clown.

apart from property and automobile showcases, there was also a talk on gold accounts and will-management, a briefing on zakat and islamic banking.

KFH MALAySIA’S Kota Bharu Branch Community Bazaar was held on saturday, 21 april and sunday, 22 april 2012.

it was a great success with approximately 500 visitors. 52 of them opened new savings accounts and the branch also recorded RM1.2 million in auto financing and RM950,000 in mortgage financing.

The bazaar was filled with informative talks on health, wealth management, zakat and gold as well as car and property showcases by Banchobee sdn Bhd, uMw Toyota, edaran Otomobil Nasional (eON), Binaraya PKiNK sdn Bhd and Perbadanan Menteri Besar Kelantan (PMBK) respectively.

KOTA BHARUgOOD ResPONse TO islaMiC FiNaNCiNg

SHAH ALAMBiggesT gOlD aCCOuNT DePOsiT

IT was a good day for new business when KFH Malaysia’s Klang branch recorded 40 new savings accounts during their Branch Fiesta held from Friday, 9 March to saturday, 10 March 2012.

The 300-strong crowd that attended the fiesta had much to look forward to - an islamic banking knowledge-sharing session on the bank’s gold account, islamic funds and will-management by KFH Klang’s partners iNg and as-salihin.

Other activities included a Health Talk by KPJ, blood donation drive by Hospital Tengku ampuan Rahimah, Klang and complimentary health screening by Pantai Medical Centre.

KLANGislaMiC BaNKiNg awaReNess

New @ KFH Malaysia


Senior management of KFH Malaysia attended an ‘effective Media

spokesperson’ workshop on Monday, 30 april 2012 with the objective of gaining insight into the local media scene.

Conducted by Trinetizen Media sdn Bhd, an independent media-training consultancy, the workshop showed participants ways to engage and interact with the media more effectively.

KFH Malaysia will serve its customers in Taman Permata better now

that the Bank has opened its newest branch at No. 8 & 8a, Persiaran Taman Permata. Officially opened on Friday, 13 July 2012, the branch marks the sixth in the Klang valley and 12th in KFH Malaysia’s nationwide branch network.

"we have chosen Taman Permata to fulfill the needs of our growing customer base within the vicinity of ulu Kelang. we hope the new branch will enable us to reach out to a wider audience and enhance our service delivery," said Dato’ Jamelah Jamaluddin, CeO, KFH Malaysia.

"This move will strengthen our network of branches in the Klang valley and we look forward to forming new relationships and partnerships,” she added.

Reaching out to Taman Permata customers

Cutting edge media relations

New golden offer takes off

KFH Malaysia continues its gOlD DisCOveRy iii promotion. Three

campaigns have been launched.

GOLDEN OPPORTUNITy 1 • Offer 1

existing gold account-i customers can enjoy 4% p.a. when they deposit a minimum of RM20,000 in the KFH international Commodity Murabahah Deposit-i for either 6, 12 or 24 months. The promotion runs from Tuesday, 6 March to Friday,31 august 2012.

• Offer 2all non-gold account-i customers can enjoy 3.85% p.a. when they deposit a minimum of RM20,000 in the KFH international Commodity Murabahah Deposit-i for the same tenure. The promotion runs from wednesday, 2 May to Friday,31 august 2012.

GOLDEN OPPORTUNITy 2 Running from Tuesday,15 May to Friday,31 august 2012, customers will receive two grams of gOlD FRee when they deposit and maintain RM50,000 in the KFH Mudharabah Current account-i.

GOLDEN OPPORTUNITy 3Customers stand a chance to win a grand prize consisting of 1 kilogram of gOlD and be among the monthly winners of 10 grams of gOlD. To enter, all one has to do is deposit and maintain at least 10 grams of gold or RM3,000 in selected unit Trust funds and answer one simple question correctly. This ‘opportunity’ runs from Friday,1 June to Friday,31 august 2012.

New @ KFH Malaysia


KLANG

Representatives from KFH Malaysia’s Klang Branch hosted 30 orphans of Rumah Anak Yatim Masjid Kampung Raja Uda on Friday, 9 March 2012. The orphans were brought to Jaya Jusco Bukit Tinggi and gM Klang to purchase the items on their wishlist.

KUCHING

20 orphans were brought in a convoy of 20 volkswagens from the Kuching volkswagen Club and 30 gMC Big Bikers to giant supermarket to buy items on their wishlist before being taken to lunch during KFH Malaysia’s Kuching Branch Community Bazaar at Menara Zecon on saturday, 28 april 2012. another 20 orphans were taken for a convoy ride and lunch at RJ ayam Bakar. a charity drive was also held with participating merchants donating part of their income to charity. Dato’ Jamelah Jamaluddin, CeO, KFH Malaysia presented cash donations to representatives of various charitable bodies at the event.

KOTA KINABALU

16 orphans from Rumah Anak Yatim As-Sakinah, Kinarut, Papar in Kota Kinabalu were treated to a KFC lunch and given a cash donation to purchase items on their wishlist on saturday, 14 april 2012.

KOTA BHARU

30 orphans and poor children from Yayasan Islam Kelantan were the special guests at KFH Malaysia’s Kota Bharu Branch Community Bazaar that was held on saturday, 21 april 2012. The association of Classic volkswagen Owners Kelantan took the kids for a ride to Kota Bharu Mall and Kota Bharu Trade Centre in a convoy of 10 volkswagen cars. The kids were taken there to shop for items on their wishlist.

SHAH ALAM

Representatives from KFH Malaysia’s shah alam Branch hosted 28 orphans from Rumah Aman Shah Alam on Friday, 30 March 2012 and presented them with a cash donation to purchase items on their wishlist. The orphans also had a savings account opened for each of them at the branch. later the kids performed a sketch, nasyid, salawat Badriyah and storytelling as a gesture of thanks during the bank’s shah alam Branch Fiesta.

More than making financial gains and serving customers with innovative banking products and services, KFH Malaysia is also a strong supporter of social responsibility initiatives that benefit the less fortunate in their community. Below are some events involving a

number of orphanages that was held during the bank’s Branch Fiesta 2012.

KFH Malaysia contributes to the community


KFH Malaysia was thrilled to play host to 20 Kuwaiti students from

the islamic Finance Club of the gulf university for science and Technology on saturday, 14 april 2012.

On hand to present the functions of KFH Malaysia’s Treasury Department was ali ahmad. Joining him was ustaz Muhammad abdul Hakim from the shariah Department and Zubir ahmad suhaimi from Human Resource who spoke on career opportunities at KFH Malaysia. Hajjah Rumaizah Dato’ abu Bakar from Corporate Communications gave an overview on KFH Malaysia.

Maulidur Rasul celebrations

KFH Malaysia participated in the Maulidur Rasul celebrations on Friday, 23 March 2012 by the

Municipal Council of Batu Pahat at the council office.after dinner and prayers, guests were later

privileged to listen to an interesting talk by yBhg Prof. Madya Dr. Mohd. Ridhuan Tee abdullah at Dataran Penggaram in Batu Pahat.

Kuwaiti studentseducational visit

Appreciating the media

KFH Malaysia was happy to show its appreciation to the media by sponsoring the Malam Wartawan Malaysia.Organised by the Malaysian Press institute (MPi) and

held on Friday, 30 March 2012 in Kuala lumpur, the event was also a good platform for the bank to create brand and product awareness, as well as strengthen its ties with members of the media.

Creating Footsteps


KFH DELIVERS GOOD RESULTS IN Q1

KFH has another feather in its cap now that the bank has achieved total revenues of KD182.8 million during the first quarter of 2012. Total profits reached KD57.4 million, including a KD36.9 million estimated profit for investment depositors. Net profits for shareholders reached KD20.1 million, while earnings per share reached 7 fils.

sameer al-Nafisi, Chairman, KFH also said that total assets increased to KD14.2 billion, with KD1.4 billion or an 11.2% increase over the same period last year. Deposits increased to KD9.2 billion, with KD938 million or a 11.4% increase over the same period last year.

Total shareholders’ equity reached KD1.3 billion, with KD14 million or 1.1% increase over the same period last year.

KFH received an award for Best Bank in social Responsibility from the eMea Finance group. The award was a gesture of appreciation to the bank for its efforts in local and global social responsibility and its initiatives in social causes. Raheem Bairaq, senior executive Officer, KFH-Turkey received the award on behalf of KFH.

in the past three years, KFH has channelled KD32 million (usD 117 million) in social responsibility initiatives for

health, education and youth. The bank was also the first islamic bank to issue its report according to gRi

standards.

AWARDED FOR BEING THE BEST

KFH received praise from the Deputy Manager for Researches at Kuwait university, Hassan al-sanad for its efforts in recruiting and training

KFH PRAISED FOR ITS GRADUATION INITIATIVES

graduates qualified in vital economic sectors. He said this at the 17th Job Fair and economy Makers expo that was sponsored by KFH.

Mohammed al-Jallal, Manager of Human Resources Department, KFH said the bank was committed to this effort and was happy to note that 90% of the bank’s top managers and 62% of its employees were Kuwaitis.

He explained that KFH also allocates a bank account for graduates they recruit, in addition to granting them internal scholarships in collaboration with private universities.

KFH HAILED AS ‘BEST BANK’

IT is no small feat to be named the best in one’s field, yet KFH was named the recipient of the ‘Best Bank in Kuwait and Middle east’ by eMea Finance group.

Mohammed al-Fouzan, agM for the Banking sector, KFH said the award

cements the bank’s commitment to continue offering an innovative bouquet of islamic products and services in Kuwait and overseas, in order to meet the requirements of corporations and individuals.

KFH will now work harder than ever to maintain its current leading status among islamic financial institutions, in addition to meeting the growing global demand for islamic financial products.

KFH was happy to present distinguished Kuwait university graduates of 2010-2011 a prepaid card worth KD100, after they were honoured by His Highness the amir sheikh sabah al-ahmad al-Jaber al-sabah. This gesture reflects the bank’s efforts to encourage academic excellence, seeing as education and science are the pillars for a nation’s development.

Fahad al-Mukhaizeem, Manager of Public Relations and Marketing Department at KFH said these students would be of great benefit to Kuwait in the future especially since the economic sector had become the backbone of the country’s development and prosperity. This initiative was part of KFH’s social responsibility in education.

KFH REWARDS TOP GRADUATES

at group level


MOHAMMED al-Omar, Chairman, KFH Turkey was happy to announce that the bank achieved Tl195 million in net profits in 2011, registering a 22% increase and thereby handing out 16% dividends to shareholders.

The bank also met with great success in the offering of usD350 million in Sukuk to its domestic market, prompting the Turkish parliament to issue legislations that organise and encourage the issuance of Sukuk.

Taking advantage of this upward trend, ufuk iwan, CeO, KFH-Turkey said the bank plans to expand its number of branches in europe. KFH currently has 186 branches in Turkey as well as branches in germany, Bahrain and Dubai, and an office in Kazakhstan.

KFH-TURKEy CHARTS ExCELLENT PERFORMANCE

IN an act of selfless concern for humanity, KFH donated KD35,000 to refugees in somalia and syrians trapped at the Turkish border. shaheen al-ghanem, Chairman of the Provident Fund, KFH said the funds were collected from KFH employees.

The donations were made through the al-Khair portfolio that was established seven years ago by the Fund to encourage employees to make donations to countries that are in need. Past efforts have included the building of houses for the poor in sri lanka, the building of a mosque and Quran centre in Bangladesh, providing ‘breaking of fast’ meals for Muslims during Ramadan, financing a computer lab for a women’s centre in Bosnia, equipping a dental clinic in gaza, and equipping a clinic in China.

DONATIONS FOR SOMALIAN REFUGEES AND SyRIANS

KFH is going all out to support Kuwaiti youth and those owning small projects in efforts to build employee skills and stem unemployment.

saeed Tawfiqi, Deputy Manager of Marketing and of Public Relations Department, KFH explained KFH’s work environment was diverse and offered youth the opportunity to develop their skills in areas such as

local and international real estate, and financing.

KFH was also willing to support youth who have small projects through financing them according to the bank’s pre-set rules and regulations. He added that this approach would help ease the pressure off the government as well as help overcome unemployment.

KFH SUPPORTS yOUTH DEVELOPMENT

KFH graciously stepped in and worked with their partner, the Pharmacy association to furnish the lounge at the Faculty of Pharmacy at Kuwait university.

in thanking KFH for this selfless deed, Dr. Mohammed waheedi, assistant Dean for student affairs said

KFH’s financial and moral support to develop this sector, in addition to treating diabetes, underlined its efforts in the field of social responsibility.

KFH also works with the Pharmacy association to sponsor an annual event where top students are honoured for their achievements.

KFH SERVES THE COMMUNITy

at group level


contents · contents issue 4 the dunes new @ kfh malaysia 09 a benefit - packed weekend editorial...

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