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Kuala Lumpur, 7 August 2009 - Kuwait Finance House (Malaysia) Berhad (KFHMB), a wholly-owned subsidiary of one of the world’s largest Islamic banks, Kuwait Finance House K.S.C. (KFH), will celebrate its fourth anniversary on 8 August 2009. In tandem with this, the Bank has lined up special promotions for its customers, which include featuring one of the most competitive Islamic home financing packages in the market.
Deputy Chief Executive Officer, Ab Jabar Ab Rahman highlights, “In conjunction with our fourth anniversary, we have launched a Double Bonanza Promotion for our customers. From now until 30 September 2009, we are offering the most attractive home refinancing packages at BFR - 2.50%, as well as extending advance profit at 2.60% p.a. for a 12-month KFH Murabahah – i deposit.”
Simultaneously, KFHMB has launched a new coverage plan targeted for frequent travellers, the KFH Takaful Travel PA. The Shariah-based takaful coverage includes 11 types of benefits including accidental death or permanent disability, medical expenses departure or baggage delays, loss of baggage, personal belongings or travel documents and childcare. The product is comprehensively designed for discerning consumers and provides 24-hour coverage domestically and internationally.
“We are indeed happy and grateful to the regulators and our customers, who have supported us since we opened our doors in 2005. As the regional headquarters for KFH, we will continue our mandate to participate in all sectors of the economy, such as real estate development, oil and gas, shipping, aviation and healthcare to name a few.
This year, we successfully arranged a syndicated Ijarah Facility for Al-Aqar KPJ REIT, the world’s first listed Islamic REIT and Asia’s first healthcare REIT. We also entered into a joint venture with SFS Group Public Company Ltd, to establish a Shariah compliant Islamic Shipping Fund, that will provide a platform for direct investments in shipping vessels for top league charterers. Besides that, our asset management business through our subsidiary, KFH Asset Management Sdn Bhd, (KFHAM) plays an important role, in acting as the conduit for the Middle East investor, to participate in the Asia- Pacific growth story. Towards this end, KFHAM also successfully raised its maiden Islamic Private Equity Fund, Al-Faiz Fund I of US$97.4 million, dedicated towards Asia-Pacific businesses,” added Ab Jabar.
KFHMB provides innovative Islamic financial solutions for its corporate and individual customers. For the past four years, the Bank has successfully structured deals, of which several are the first of its kind in Malaysia and globally. The Bank has launched over 60 types of retail, commercial and corporate Islamic banking products and services.
Earlier this year, KFHMB opened its seventh branch in Kuching, Sarawak, adding to its network in the Klang Valley, Penang and Johor Bahru. For further information on KFHMB or its latest promotions, customers can log onto www.kfh.com.my, call its Customer Service at 03-2056 7777, or just visit any of its branches.
Deputy Chief Executive Officer, Ab Jabar Ab Rahman highlights, “In conjunction with our fourth anniversary, we have launched a Double Bonanza Promotion for our customers. From now until 30 September 2009, we are offering the most attractive home refinancing packages at BFR - 2.50%, as well as extending advance profit at 2.60% p.a. for a 12-month KFH Murabahah – i deposit.”
Simultaneously, KFHMB has launched a new coverage plan targeted for frequent travellers, the KFH Takaful Travel PA. The Shariah-based takaful coverage includes 11 types of benefits including accidental death or permanent disability, medical expenses departure or baggage delays, loss of baggage, personal belongings or travel documents and childcare. The product is comprehensively designed for discerning consumers and provides 24-hour coverage domestically and internationally.
“We are indeed happy and grateful to the regulators and our customers, who have supported us since we opened our doors in 2005. As the regional headquarters for KFH, we will continue our mandate to participate in all sectors of the economy, such as real estate development, oil and gas, shipping, aviation and healthcare to name a few.
This year, we successfully arranged a syndicated Ijarah Facility for Al-Aqar KPJ REIT, the world’s first listed Islamic REIT and Asia’s first healthcare REIT. We also entered into a joint venture with SFS Group Public Company Ltd, to establish a Shariah compliant Islamic Shipping Fund, that will provide a platform for direct investments in shipping vessels for top league charterers. Besides that, our asset management business through our subsidiary, KFH Asset Management Sdn Bhd, (KFHAM) plays an important role, in acting as the conduit for the Middle East investor, to participate in the Asia- Pacific growth story. Towards this end, KFHAM also successfully raised its maiden Islamic Private Equity Fund, Al-Faiz Fund I of US$97.4 million, dedicated towards Asia-Pacific businesses,” added Ab Jabar.
KFHMB provides innovative Islamic financial solutions for its corporate and individual customers. For the past four years, the Bank has successfully structured deals, of which several are the first of its kind in Malaysia and globally. The Bank has launched over 60 types of retail, commercial and corporate Islamic banking products and services.
Earlier this year, KFHMB opened its seventh branch in Kuching, Sarawak, adding to its network in the Klang Valley, Penang and Johor Bahru. For further information on KFHMB or its latest promotions, customers can log onto www.kfh.com.my, call its Customer Service at 03-2056 7777, or just visit any of its branches.
