Kuwait Finance House
CEO of Kuwait Finance House (KFH), a pioneer of the banking phenomenon known as Islamic Finance or Shari’a compliant banking, explains if the Islamic finance is a providential response to the global financial system and lists challenges of Kuwait Finance House (KFH).
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Video Interview with Mohammed Sulaiman Al-Omar, CEO of Kuwait Finance House (KFH). MP: Many argue that Islamic finance will provide very substantial and promising opportunities for specialization and diversification. Do you see Islamic finance as the providential response for the global financial system?
Mr. Al-Omar: “I think Islamic banking, trading assets rather than bank notes, is important because it affects the real economy. I think everyone has an interest in seeing Islamic banking activities increase. We do see that we can benefit the real economy by doing construction, trading on assets, buying assets and leasing or selling them to customers. We have never changed the way we do this type of business and I think it is the right time to be focused on these activities, as they affect the real economy and the interest of government is to see economic growth rather than downsizing the economy. “