Press Releases

10 Sep 2017

KFH-Bahrain Witnesses Positive Growth in its Private Banking Portfolio

Kuwait Finance House-Bahrain (KFH), one of the leading Islamic Banks in the country and an integral contributor to the evolution of Bahrain’s Islamic Financial sector, has recorded a positive surge in its Private Banking client portfolio, noting the improved economic climate and increased customer appetite for Sharia’a compliant investments.

KFH-Bahrain launched its revamped ‘Private Banking’ division in October 2016 to be in line with the new strategic focus of its parent company - the KFH Group - and the shift in the Group’s structure. Since then, the KFH Private Banking Department, considered one of the core divisions within the KFH Group, has grown from strength to strength, enhancing its offerings and benefiting its clients through Private Personalized Banking services to High Net Worth individuals.  

Mr. Abdul Razak Jawahery, Executive Manager of the KFH-Bahrain Private Banking Department commented that: “At KFH–Bahrain we always place our clients at the very top of our priority list. Our mission is to provide the highest quality of Shari’a products Private personalized banking and services to exceed customer expectations. At the core of this mission is our dedicated team of experienced Relationships Managers; they are the key players in driving client satisfaction by capitalizing on the full spectrum of the Bank’s resources and tailoring solutions to suit individual needs. Together we work to develop investments strategies that can fulfill target financial objectives with ease and flexibility while ensuring that we maintain transparency in all our offerings and preserve the values of Islamic Banking.”

KFH-Bahrain’s Private Banking Department excels in the personalized, premium services it offers which are aligned to the personal and corporate needs of High Net Worth Individuals, Family Offices and Private Corporations. The Private Banking division offers unmatched benefits, dedicated Relationship Manager, priority call routing bespoke banking and financing solutions.

Mr. Abdul Razak Jawahery, stated that, “KFH-Bahrain’s Private Banking Department has been recognised for its superior service and comprehensive product offerings. We provide a host of banking solutions such as Current and VIP Saving accounts, as well as Sharia’a compliant Investments Accounts, namely Murabaha and Wakala. Clients benefit from the new Wakala where profits generated for the Wakala Investment Accounts are distributed to the clients’ accounts on a monthly basis. All accounts can be opened in Bahraini Dinars as well as in other major foreign currencies. In addition, our clients benefit from a dedicated Relationship Manager, preferential foreign exchange rates, reduced service charges and specially-designed cheque books, all advantages to help make their banking experience with KFH-Bahrain, that much more personal and that more fulfilling.”

“Furthermore, in line with the KFH Group strategy which steers all its sub-divisions to adopt a unique approach to the banking services we provide, we have launched our new ‘Wakala Investment Accounts’, which expands the choice and financial tools available to clients. Holders of a Wakala Investment Account earn a agreed profit from an investment transaction conducted by the Bank on behalf of the client.” concluded Mr. Jawahery.

In addition, KFH’s Private Banking offers its clients the VISA Signature Card, which entitles them to an attractive range of benefits, such as free access to over 500 airport lounges globally, a personal concierge service, access to VISA’s extensive portfolio of luxury hotels, personal accident travel insurance, extended warranty and purchase protection. This is all in addition to the peace of mind and convenience of VISA’s worldwide acceptance.  

For more information on KFH-Bahrain Private Banking Services, kindly contact our Private Banking Department on +973 77000111, or through our Call Center on +973 77777777 or visit our website

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