Dubai, May 14, 2007. Kuwait Finance House Group launched its Research arm internationally at the Grand Hyatt Dubai today. The exquisite ceremony was attended by government officials, c-level management, senior executives and industry experts from all over Asia, as well as the Middle East. The launch was officiated by Dato Mohd Razif Abdul Kadir, Deputy Governor of the Central Bank of Malaysia, who represented H.E. Tan Sri Dato' Sri Dr. Zeti Akhtar Aziz, Governor of Bank Negara, Malaysia.
Kuwait Finance House (KFH) is the first Islamic Bank in the world to establish an in-house research team and KFH Research is the first global Islamic research team to be housed in Malaysia. KFH Research comprise a team of industry experts devoted to generating and sharing knowledge on Islamic finance and capital markets within the Middle East and Asia.
The Islamic financial system, its financial institutions, markets and infrastructure, has demonstrated the system's viability and robustness via its exponential growth within the global financial framework. This progression has brought about significant benefits for the local as well as the global economy as it has strengthened ties between countries and regions via its efforts to mobilize funds across borders and channeling them to productive investments.
At a time when global economics plays a decisive role in the way markets perform, the accessibility to accurate and concise market information is crucial and Kuwait Finance House - a pioneer in the acclaimed Islamic Finance industry - has once again proven to be ahead of its competition with this Research initiative. Kuwait Finance House Chief Economist & Head of Research, Baljeet Grewal highlighted in her presentation that KFH's research provide insightful, objective and decisive research designed to enable clients to make informed investment decisions and is the core of the value proposition offered to clients.
This initiative by Kuwait Finance House is a manifestation of the strong ties and economic integration between the Middle East and Malaysia as well as the thriving Islamic Finance market in Malaysia.
"Our commitment is that wherever the KFH Group is present, we would like to contribute towards the development of Islamic banking in the region. It has been Kuwait Finance House's declared position that we will continuously seek deal flows not only from the Gulf region to Asia, but also vice versa, in order to further strengthen the two way deal flow and encourage stronger bilateral trade relations," commented Mr. K. Salman Younis, Managing Director of KFH - Malaysia.
During her speech which was delivered by Dato Mohd Razif Abdul Kadir, H.E. Tan Sri Dato' Sri Dr. Zeti Akhtar Aziz commended Kuwait Finance House and its well intended initiative, which was received positively by all. The speech concluded by saying that the Governor hopes that Kuwait Finance House will continue to play a major role in the initiatives, to further develop Islamic banking both in the Gulf as well as Asia.