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Home » Bank Negara Malaysia » Kuwait Finance House Malaysia | |||||||||||||||||||
Kuwait Finance House |
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Incorporated in 1977 as the first bank operating in accordance with the Islamic principles of Shariah, Kuwait Finance House K.S.C. (KFH) ) has emerged as one of the leading Islamic banks in the world. KFH has business operations in Bahrain, Turkey, Jordan, Saudi Arabia, Malaysia, Singapore and Australia as well as affiliates in the United Arab Emirates, Oman and Bangladesh. |
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Kuwait
Finance House (Malaysia) Berhad (KFHMB) is the first foreign Islamic bank
that was granted a license under the Islamic Banking Act (Malaysia) 1983. A
wholly-owned subsidiary of KFH, the move to set up an office in Malaysia was
on the heels of Bank Negara Malaysia's (BNM's) decision to open up the
country's Islamic banking industry to qualified foreign players as
recommended under its Financial Sector Master Plan. As the regional head
office of KFH in the Asia-Pacific region, the main role is to provide
innovative Shariah-based financial solutions to its customers. |
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In addition, KFH act as the intermediary and facilitator to promote two-way investments and trade between Malaysia, Asia-Pacific and the Middle East. KFH offer a complete range of Shariah-based financial products and services under Corporate and Investment, Commercial, and Retail and Consumer Banking as well as Treasury and International Business. |
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In addition, KFH have established KFH Asset Management Sdn Bhd to provide asset and fund management activities, encompassing private equity, alternative investments and unit trusts. The Bank Negara Malaysia is responsible for bank regulation and supervision in Malaysia. The purpose is to achieve a sound, efficient banking system in the interest of the depositors of banks and the economy as a whole. This function is performed by issuing banking licenses to banking institutions and monitoring their activities as regulated by the Banking Act. | ||||||||||||||||||||
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