Bader Abdul Muhsen Al-Mukhaizeem is the chairman of Kuwait Finance House (KFH), a leading provider of Islamic commercial and investment banking services. KFH was established in Kuwait in 1977 as the first bank operating in accordance with Islamic Shari’a. As of 31 December 2006, KFH became listed on the Kuwait Stock Exchange (KSE), with a market capitalization of KD 3.133 billion. The entities total assets reached KD 6.314 billion while deposits amounted to KD 3.730 billion, representing 25% of the total deposits in the Kuwaiti market in the figures of the 2006 balance sheet.
Te financial firm was rated highly by international agencies such as Standard & Poor’s which gave it A-/A2 rating for short and long term investments, respectively. Fitch International also rated KFH A, and Moody’s rating was Aa3.
The bank was recognized by The Banker magazine as the world’s Best Islamic Financial Institution, and for three years in a row awarded as best bank by EuroMoney.
Under Al-Mukhaizeem’s leadership, the bank continues to expand its business across services and regions as expansions took off in the 1980s. It now boasts presence as independent banks in Turkey, Bahrain, and Malaysia. It also owns stakes in other Islamic banks and runs investments in the US, Europe, South East Asia and the Middle East.
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