KFH Launches World’s First Islamic Economics Research Team

Kuwait Finance House Group today launched its Research arm internationally here, an initiative which is a manifestation of the strong ties and economic integration between the Middle East and Malaysia apart from the thriving Islamic Finance market in Malaysia. The initiative has been launched at a time when global economics play a decisive role in the way a market performs and when accessibility to accurate market information is crucial, Kuwait Finance House (KFH) said in a statement issued in conjunction with the launch. KFH is the first Islamic Bank in the world to establish an in-house research team while KFH Research is the first global Islamic research team to be housed in Malaysia. The team comprises industry experts devoted to generating and sharing knowledge on Islamic finance and capital markets within the Middle East. It said that the Islamic financial system, its financial institutions, markets and infrastructure, have demonstrated the system’s viability and robustness via its exponential growth within the global financial framework. This progression has brought about significant benefits for the local and the global economy as it has strengthened ties between countries and regions via its efforts to mobilise funds across borders and channelling them to productive investments, the statement said. KFH Chief Economist & Head of Research Baljeet Grewel said in her presentation that KFH’S research will provide insightful and objective research designed to enable clients to make informed investment decisions. It will be the core of the value proposition offered to clients. Meanwhile, managing director Kuwait Finance House (Malaysia) Bhd K Salman Younis, said that the research arm aimed to provide cutting edge research material to help clients make their investment decisions. “Our commitment is that wherever the KFH Group is present, we would like to contribute towards the development of Islamic banking in the region. As an Islamic financial institution, it is our social responsibility to promote Islamic finance not only in the Middle East but also globally. Our research capabilities allow us to build on this and foster the closer integration of Islamic markets,” he added. Bank Negara Malaysia (BNM) deputy governor Datuk Mohd Razif Abdul Kadir officiated the launch on behalf of governor Tan Sri Dr Zeti Akhtar Aziz. KFH is a market leader in Islamic banking in Kuwait and is engaged in providing Islamic banking services including consumer banking, real estate financing, lease financing, and trade finance. —