Kuala Lumpur, 26 December, 2007 - Kuwait Finance House (KFH) ¿ Bahrain has won the "Institutional Excellence Award" at the World Islamic Banking Conference (WIBC) organised recently in the Kingdom of Bahrain. The awards ceremony was held during a gala dinner hosted by JP Morgan, and Mr. Abdulhakeem Alkhayyat, the General Manger of KFH-Bahrain, received the award on behalf of the Bank.
KFH was accorded the 2007 Institutional Excellence Award based on a number of criteria assessed by the WIBC Awards Committee and following extensive research and analysis. This award recognises banking institutions that have excelled in the key performance criteria as outlined by "The WIBC Competitiveness Report". In addition, several other criteria were applied to determine the winner, including excellence in leadership and overall strategic direction. The peer-based recognition award is the one of the oldest and most prestigious in the international banking industry.
Commenting on this achievement Mr. Bader A. M. Mukhaizeem, Chairman and Managing Director of the Bank said, "Striving to maintain the highest levels of quality through the products we offer, the services we provide and the procedures we follow, is paramount to Kuwait Finance House ¿ Bahrain. Receiving this prestigious award is undoubtedly a testimony to our unwavering commitment to excellence."
"The Conference provides a unique and high profile platform for the advancement of the global Islamic banking industry. The exchange of ideas at the WIBC not only contributes to the growth of our knowledge, but will inspire excellence in our work. WIBC is one of the few international Islamic finance forums where we can present our learning and experience to others and at the same time learn from their experiences. Moreover, nothing can replace the benefits of face-to-face meetings with key decision makers in an informal environment provided by these conferences. It greatly helps in establishing personal relationships and lays the foundation for future collaborations," he added.
KFH was accorded the 2007 Institutional Excellence Award based on a number of criteria assessed by the WIBC Awards Committee and following extensive research and analysis. This award recognises banking institutions that have excelled in the key performance criteria as outlined by "The WIBC Competitiveness Report". In addition, several other criteria were applied to determine the winner, including excellence in leadership and overall strategic direction. The peer-based recognition award is the one of the oldest and most prestigious in the international banking industry.
Commenting on this achievement Mr. Bader A. M. Mukhaizeem, Chairman and Managing Director of the Bank said, "Striving to maintain the highest levels of quality through the products we offer, the services we provide and the procedures we follow, is paramount to Kuwait Finance House ¿ Bahrain. Receiving this prestigious award is undoubtedly a testimony to our unwavering commitment to excellence."
"The Conference provides a unique and high profile platform for the advancement of the global Islamic banking industry. The exchange of ideas at the WIBC not only contributes to the growth of our knowledge, but will inspire excellence in our work. WIBC is one of the few international Islamic finance forums where we can present our learning and experience to others and at the same time learn from their experiences. Moreover, nothing can replace the benefits of face-to-face meetings with key decision makers in an informal environment provided by these conferences. It greatly helps in establishing personal relationships and lays the foundation for future collaborations," he added.