MANAMA: Kuwait Finance House-Bahrain (KFH-Bahrain) received the "Best Islamic Wealth Management" award at the Islamic Business and Finance Awards 2009 organised by CPI Financial.
"We are proud to receive the 'Best Islamic Wealth Management Award' as it is a manifestation of the hard work and innovation that KFH-Bahrain employees are known for," KFH-Bahrain managing director and chief executive officer Abdulhakeem Alkhayyat said.
"The bank employees have successfully developed and structured innovative products and services through "Priority Banking" that meet the requirements of our clients in the area of wealth management.
"Winning this honour is a triumph for the bank's Priority Banking employees and management and it confirms the strength of the products and VIP services offered to the Priority Banking clients."
The Islamic Business and Finance Awards were designed to encourage, inspire and reward excellence within the global Islamic business and finance community and they have become the yardstick by which Islamic finance institutions and practitioners across the globe measure themselves.
These awards have assumed such significance due to the Islamic Business and Finance magazine's widely recognised position as one of the most respected voices of the industry.
Winners are voted for by the readers of the Islamic Business and Finance magazine and are judged on their merits and performance over the last 12 months.
The Islamic Business and Finance Awards were launched in 2005 in response to the phenomenal growth of the Islamic finance industry.
"The 'Best Islamic Wealth Management' Award highlights KFH-Bahrain's achievements in developing its products and services, based on clients' needs for Priority Banking," KFH-Bahrain executive manager Abdul Razak Jawahery added.
"With the continuous steady growth in the economy, the number of high net worth individuals in Bahrain and the region is growing at a high rate.
"Priority Banking offers a high level of personalised service with superior standards of reliability and confidentiality."
One of the main features of KFH-Bahrain Priority Banking is that each client is individually served by a dedicated client relationship manager who is specially trained to address their full financial needs from day-to-day banking to wealth creation.
Priority Banking also provides an extensive range of Sharia-compliant services, which include reduced service charges, preferential rates on foreign currency, and priority on entering into new investment opportunities and products.