KFH-Bahrain prime sponsor of Third Marketing and Management Forum

Dr. Ammar Al Hussaini, Chairman of the Organizing Committee announced that "KFH-Bahrain's sponsorship will be a qualitative addition where prominent and high profile experts, economists, consultants and analysts will participate."

The forum is organized by the Human Investment Corporation, in conjunction with the Arab Academy for Financial and Banking Sciences and the Union of American Banks.

Sponsors will be exhibiting on the peripheries of the forum, in order to exchange expertise and communicate with many government and private organizations as well as prominent economists.

Dr. Al Hussaini said, "For the first time, the forum will address Islamic banking from all aspects after the massive spread of its products in Islamic and non-Islamic countries. It will also focus on the banking sector's position in general throughout the Middle East region."

Qualitative Step:

Mr. Abdul Razak Jawahery, Executive Manager of KFH-Bahrain, commented:

"KFH-Bahrain's sponsorship will be within the framework of support and development of economic activities. It also constitutes an additional qualitative step in marketing and banking management, which is in line with our compliance with the principles of Islamic Shari'a."

He noted, "KFH-Bahrain draws its strength from the same vision which initially inspired Kuwait Finance House-Kuwait, which has been at the cutting edge of the Islamic banking industry for more than 25 years. KFH-Bahrain is committed to creating wealth and assets for our partners by supporting the growth and development of the economies of the GCC countries and the Middle East region and further promoting the Islamic banking industry all over the world."

Mr. Jawahery said: "This strength constitutes the cornerstone on which Kuwait Finance House-Bahrain was established. A non-compromise policy on our compliance with the tenets of Islamic Shari'a, together with the global investment strategies we adopt, contribute to our solid financial position. Our track record of integrity, tradition and leadership will continue to strengthen the Bank, by catering to the needs and requirements of the market which are witnessing stunning growth."

He continued "with the growing demand for Sharia-compliant products and services, KFH-Bahrain, adopts a pioneering role in the development of innovative and unconventional new products, structured investments and financial instruments which efficiently meet these requirements and provide a rewarding risk-adjusted return to investors."

A key objective of KFH-Bahrain is to concentrate on creating further opportunities in new regions where others have not been able to reach. Since its inception in the year 2002, KFH-Bahrain, has built a strong portfolio of products and services and has undertaken a number of initiatives which have gained the satisfaction and trust of our growing base of customers and investors. The bank currently provides retail banking, personal banking, corporate banking and investment banking.

The Bank's activities have been geared towards financing corporations and investments and it has benefited from participating in many innovative projects that take Islamic banking and finance to new global horizons. A good example that reflects the bank's insightful initiatives was the ability to create investment opportunities is the New Zealand and Australia Fund for Investment in Private Companies. It also was active participation in development projects in the Kingdom of Bahrain, such as the acquisition of 50% equity in Durrat Al Bahrain Company which is developing Durrat Al Bahrain Project, at a cost of around $3bn.