KFH-Bahrain's Priority Banking awarded the 'Best New Product Award 2008' by CPI Financial

The award was received by Mr. Abdul Razak Jawahery, Executive Manager at KFH-Bahrain from Nigel Rodrigues - CEO of CPI Financial.

On winning the award, Mr. Abdulhakeem Alkhayyat CEO and Managing Director of KFH-Bahrain said "This prestigious award for KFH-Bahrain is yet another milestone in line with our vision to lead the way to greater economic and social prosperity."

Alkhayyat continued "When developing our products and processes, we seek to recognise and meet the changing needs of clients. The Bank strives to offer both excellent client service together with competitively priced innovative products. This approach ensures that we remain the Bank of choice for clients."

Mr. Abdul Razak Jawahery remarked,

"Winning this accolade highlights KFH-Bahrain's efforts and determination to develop products, that truly meet our clients' needs especially within our unique Priority Banking service. With the continued steady growth in the economy, the number of high net worth clients in Bahrain and the region is growing at an exceptional rate. We are constantly monitoring change in the market and introduce new and innovative products accordingly. Our Priority Banking service offers a high level of personalised service with superior standards of reliability and confidentiality."

"We realize that only a single-minded focus on product quality and innovation has helped us achieve this award. It is extremely gratifying that our efforts towards providing client convenience have been appreciated both nationally and internationally. With increased competition in the market, it is a huge honour for KFH-Bahrain to have received the Best New Product Award,"

he added.

The Islamic Business & Finance Awards 2008 were designed to recognize and reward excellence throughout the Islamic finance community. They honor Islamic financial institutions from around the region and emphasize the importance and increasing attraction of Islamic finance.

The Islamic Business & Finance Awards are organised by CPI Financial, which publishes a number of authoritative magazines on the Islamic finance industry, such as Banker Middle East, Banker Middle East Arabic & Private Equity & Hedge Funds and Islamic Business & Finance. Winners are voted for by the readers of Islamic Business & Finance Magazine from a list of nominations by a panel of rating and consulting firms, based on their performance over the last twelve months. The Islamic Business & Finance Awards were launched in 2005 in response to the phenomenal growth of the Islamic finance industry.

The key feature of KFH-Bahrain Priority Banking is that each client will be individually served by a dedicated client relationship manager who is specially trained to address their full financial needs from day-to-day banking to wealth creation.

As a global institution, there is a tradition within KFH for dealing with high-net-worth individuals. Priority Banking is thus able to provide a wide range of products from venture capital to private equity and investments that have passed the venture stage to more mature private equity and to a range of equities in the wider market. Priority Banking offers Shari'a compliance in managing client assets supported by extensive analytical expertise and formidable financial experience both regionally and internationally.