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Kuala Lumpur, Malaysia, 20 November 2007 - Kuwait Finance House (Malaysia) Berhad (KFHMB) has won the Most Outstanding Islamic Project Finance award in conjunction with the 4th Kuala Lumpur Islamic Finance Forum (KLIFF) 2007. Concurrently, KFHMB Managing Director, Dato' K. Salman Younis was named as the Most Outstanding Person for Contribution to Islamic Finance. The objective of the award is to honour and appreciate efforts of the institutions and organisations that have given significant contribution in developing the Islamic finance industry.
The forum, hosted by the Halal Industry Development Corporation (HDC), and in collaboration with Dow Jones Islamic Market Indexes (DJIM), the International Institute of Islamic Finance (IIIF) and Messrs Hisham, Sobri & Kadir (HSK) and organised by the Centre for Research and Training (CERT), was themed "Towards Innovation and Sustainable Growth".
"We are indeed happy to receive these awards. Our core value is to support the vision and mission of the countries in which we operate. Hence, our strategy here is to work with the issuers, basically to participate in the growth in the infrastructural projects," says Dato' Salman. "I am thankful to the regulators for having guided and supported us in our vision to be the preferred Islamic bank in this region. To those who had voted Kuwait Finance House ¿ Malaysia, we are truly honoured for the confidence you have in us."
On his personal accomplishment, Dato' Salman adds, "This is not just for myself. I am extremely grateful to the host, the Halal Industry Development Corporation (HIDC), the organiser as well as others involved in putting together such a prestigious event and for the recognition given to me as the Most Outstanding Person for Contribution to Islamic Finance. I am especially thankful to all the employees and board members of KFH-Malaysia who have devoted their efforts and made this award possible."
The Islamic Finance Awards presentation ceremony was held during the Gala Dinner of the 4th KLIFF 2007 and nominations were received for 13 categories at the institutional level aside from the individual category. Yang Berhormat Tan Sri Nor Mohamed Yakcop, Minister of Finance II presented the awards.
Whilst the panel of judges had not named any project which had contributed to KFHMB's award, it recognises the sustained and continuous commitment by KFHMB to the development of the Islamic banking industry. This year, KFHMB has been involved in funding a number of projects, namely the RM720 million Sukuk Musyarakah issued by MRCB to repurchase and cancel KL Sentral's existing outstanding Al-Bai Bithaman Ajil Islamic Debt Securities; Murabahah Facility for The Avare, a 6-star condominium in the vicinity of KLCC and the latest being the proposed Musyarakah arrangement with Prestige Scale Sdn Bhd (PSSB) for the funding of Glomac Tower, a 36-storey Class A commercial office block located at Jalan Pinang within the vicinity of KLCC.
The forum, hosted by the Halal Industry Development Corporation (HDC), and in collaboration with Dow Jones Islamic Market Indexes (DJIM), the International Institute of Islamic Finance (IIIF) and Messrs Hisham, Sobri & Kadir (HSK) and organised by the Centre for Research and Training (CERT), was themed "Towards Innovation and Sustainable Growth".
"We are indeed happy to receive these awards. Our core value is to support the vision and mission of the countries in which we operate. Hence, our strategy here is to work with the issuers, basically to participate in the growth in the infrastructural projects," says Dato' Salman. "I am thankful to the regulators for having guided and supported us in our vision to be the preferred Islamic bank in this region. To those who had voted Kuwait Finance House ¿ Malaysia, we are truly honoured for the confidence you have in us."
On his personal accomplishment, Dato' Salman adds, "This is not just for myself. I am extremely grateful to the host, the Halal Industry Development Corporation (HIDC), the organiser as well as others involved in putting together such a prestigious event and for the recognition given to me as the Most Outstanding Person for Contribution to Islamic Finance. I am especially thankful to all the employees and board members of KFH-Malaysia who have devoted their efforts and made this award possible."
The Islamic Finance Awards presentation ceremony was held during the Gala Dinner of the 4th KLIFF 2007 and nominations were received for 13 categories at the institutional level aside from the individual category. Yang Berhormat Tan Sri Nor Mohamed Yakcop, Minister of Finance II presented the awards.
Whilst the panel of judges had not named any project which had contributed to KFHMB's award, it recognises the sustained and continuous commitment by KFHMB to the development of the Islamic banking industry. This year, KFHMB has been involved in funding a number of projects, namely the RM720 million Sukuk Musyarakah issued by MRCB to repurchase and cancel KL Sentral's existing outstanding Al-Bai Bithaman Ajil Islamic Debt Securities; Murabahah Facility for The Avare, a 6-star condominium in the vicinity of KLCC and the latest being the proposed Musyarakah arrangement with Prestige Scale Sdn Bhd (PSSB) for the funding of Glomac Tower, a 36-storey Class A commercial office block located at Jalan Pinang within the vicinity of KLCC.
