Kuwait Finance House (KFH) Acting CEO Emad Al-Thaqeb stressed that KFH is keen to abide by legislative regulations in all its banking transactions and services, while also innovating new investment means within the Shariah frame, in order to meet the growing global demand for the services and products of the Islamic financing industry. He highlighted the importance of educating employees about Islamic financial transactions through training courses, so that they can be legislatively qualified to fulfill the requests of clients. He added during his speech on the occasion of launching the training program about compound financial transactions, which is organized by KFH for its employees from various sectors. He noted that KFH deals with a wide variety of products from the banking, commercial, real estate, and finance sectors, which requires training KFH employees to enable them to serve clients efficiently.
Furthermore, Al-Thaqeb underscored the fact that KFH neither offers its clients a new banking service nor innovates a product without consulting the Shariah supervisory board. He went on to say that KFH is eager to coordinate and cooperate with other Islamic institutions concerning controversial products through holding forums and conferences to discuss them thoroughly, in order to reach a unanimous decision. He went on to say that training KFH employees to handle such products and services have made them targets for other international and regional Islamic institutions.
It is worth noting that this is the first time that KFH offers a training program about compound financial transactions. The three day program is presented by Dr. Saad Al-Deen Helali from Al-Azhar University, and tackles investment sukuk, financial indices, and investment funds, among other topics.