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Kuala Lumpur, 10 July 2007. Kuwait Finance House (Malaysia) Berhad (KFHMB), officially launched its KFH MM2H Hijrah ¿ i service programme. Y.B Datuk Seri Tengku Adnan Tengku Mansor, Minister of Tourism, Malaysia officiated the ceremony which was attended by 200 guests from the Diplomatic Corps, financial industry and corporate bodies. Kuwait Finance House (Malaysia) Berhad is the first Islamic bank in Malaysia to introduce this initiative, which complements and supports the core Malaysia My Second Home (MM2H) programme, launched by the Malaysian Government.
KFH MM2H Hijrah-i is designed to provide participants full access to all banking and other financial facilities required during their stay in Malaysia. In addition, external products and services which include amongst others, accommodation, education, medical, as well as vehicle services will be packaged into the programme. At the same time, KFHMB would be able to render assistance to the participants, in expediting the operational process of obtaining their visa.
In his speech, the Minister of Tourism, Malaysia commended Kuwait Finance House (Malaysia) Berhad for introducing its MM2H Hijrah -i initiative, as it would create more awareness about Malaysia, therefore resulting in the promotion of the tourism industry.
"Our aim is to be a one-stop centre for all financial services and non-banking related requirements for the participants. Those joining the KFH MM2H Hijrah-i programme, will benefit from the hassle-free services, before and after their application has been approved. We expect to create awareness not only among the new participants, but to the existing foreign nationals, who are currently residing in Malaysia and enjoying a different visa clearance," said Mr. K. Salman Younis, Managing Director of Kuwait Finance House (Malaysia) Berhad at the launch.
KFHMB will capitalise on its strong global networking, together with KFH Head Office and the international branches to attract foreigners, especially from the Gulf Cooperation Council (GCC) bloc, Pakistan, India and other countries in general.
About Kuwait Finance House
Incorporated in the State of Kuwait in 1977, Kuwait Finance House (KFH) is listed on Kuwait Stock Exchange. A market leader in the Islamic banking industry in Kuwait, KFH is engaged in providing Islamic banking services, including consumer banking, real estate financing, lease financing, trade finance, direct investments and portfolio investing, all of which are conducted in strict compliance with Islamic law. As of 31 December 2006, KFH has assets totalling over US$21.84 billion and a net profit of over US$560 million. KFH has been accorded an upper medium grade (high creditworthiness) investment credit rating of ¿A2' by Moody's Investors Service, as well as ¿A+' by Standard & Poors and Capital Intelligence. Kuwait Finance House (Malaysia) Berhad (KFHMB) is a wholly-owned subsidiary of KFH and was officially opened on 17 February 2006. KFHMB has an initial paid-up capital investment of RM380 million. The Rating Agency of Malaysia has assigned respective long and short term general ratings of ¿AA2' and ¿P1' to KFHMB.
KFH MM2H Hijrah-i is designed to provide participants full access to all banking and other financial facilities required during their stay in Malaysia. In addition, external products and services which include amongst others, accommodation, education, medical, as well as vehicle services will be packaged into the programme. At the same time, KFHMB would be able to render assistance to the participants, in expediting the operational process of obtaining their visa.
In his speech, the Minister of Tourism, Malaysia commended Kuwait Finance House (Malaysia) Berhad for introducing its MM2H Hijrah -i initiative, as it would create more awareness about Malaysia, therefore resulting in the promotion of the tourism industry.
"Our aim is to be a one-stop centre for all financial services and non-banking related requirements for the participants. Those joining the KFH MM2H Hijrah-i programme, will benefit from the hassle-free services, before and after their application has been approved. We expect to create awareness not only among the new participants, but to the existing foreign nationals, who are currently residing in Malaysia and enjoying a different visa clearance," said Mr. K. Salman Younis, Managing Director of Kuwait Finance House (Malaysia) Berhad at the launch.
KFHMB will capitalise on its strong global networking, together with KFH Head Office and the international branches to attract foreigners, especially from the Gulf Cooperation Council (GCC) bloc, Pakistan, India and other countries in general.
About Kuwait Finance House
Incorporated in the State of Kuwait in 1977, Kuwait Finance House (KFH) is listed on Kuwait Stock Exchange. A market leader in the Islamic banking industry in Kuwait, KFH is engaged in providing Islamic banking services, including consumer banking, real estate financing, lease financing, trade finance, direct investments and portfolio investing, all of which are conducted in strict compliance with Islamic law. As of 31 December 2006, KFH has assets totalling over US$21.84 billion and a net profit of over US$560 million. KFH has been accorded an upper medium grade (high creditworthiness) investment credit rating of ¿A2' by Moody's Investors Service, as well as ¿A+' by Standard & Poors and Capital Intelligence. Kuwait Finance House (Malaysia) Berhad (KFHMB) is a wholly-owned subsidiary of KFH and was officially opened on 17 February 2006. KFHMB has an initial paid-up capital investment of RM380 million. The Rating Agency of Malaysia has assigned respective long and short term general ratings of ¿AA2' and ¿P1' to KFHMB.
