Top Islamic Investment Companies in Kuwait | 5 Most Important Companies
According to Capital Standards, “There are a total of 100 investment companies operating in Kuwait with 54 operating within the confines of the Islamic Sharia provisions and the rest operating as conventional investment companies.” Some of these companies are listed as well under asset management comapnies, investment banks and investment holding companies. Here is the structure of Kuwait Banking system.
The sector has been hit hard by the financial crisis and non-internventionist policy by the government. The investment companies face many challenges. The sector will continue to restructure the depts and deleverage. For the complete list of investment companies click here. Many Islamic investment companies are subsidiaries of or large groups and banks in Kuwait.
According to Capital Standards, “There are a total of 100 investment companies operating in Kuwait with 54 operating within the confines of the Islamic Sharia provisions and the rest operating as conventional investment companies.” Some of these companies are listed as well under asset management comapnies, investment banks and investment holding companies. Here is the structure of Kuwait Banking system.
The sector has been hit hard by the financial crisis and non-internventionist policy by the government. The investment companies face many challenges. The sector will continue to restructure the depts and deleverage. For the complete list of investment companies click here. Many Islamic investment companies are subsidiaries of or large groups and banks in Kuwait.
Note: In accordance with Law No. 7 of the year 2010 concerning the establishment of the Capital Markets Authority and the Regulation of Securities’ Activity and Ministerial Decision No. 38 of the year 2011 regarding the organization of the Central Bank of Kuwait’s (CBK) supervision of finance companies, the regulation of investment companies has shifted from CBK to the Capital Markets Authority as of 13th September 2011. Therefore, CBK’s role toward these companies is now confined to the supervision of their practiced financial activity.
Top Islamic Investment Companies in Kuwait
The Investment Dar Company
The Investment Dar Company is the largest Islamic investment company in Kuwait. Moreover, EFAD Holding has interest in the company. EFAD Holding belongs to Al Humaidhi family and it is one of the largest diversified investment holding companies in Kuwait.
AREF Energy Holding Co.
AREF Energy Holding Company K.S.C.C. (AREF Energy), your investment partner in oil and gas services, was formed in September 2007 as a subsidiary of AREF Investment Group (AIG). On 29 December 2011, AIG sold 29% equity interest in AREF Energy to Development Enterprise Holding Company K.S.C. (Closed) (DEH), subsidiary of KFH.
On August 2012 DEH acquired additional 66.76% equity interest in AREF Energy from AIG and Others, in accordance with Capital Market Authority (CMA) Law No. 7 of 2010 and its Executive Regulations. Consequently DEH is the new parent company by virtue of its holding 95.76% equity interest in AREF Energy and Kuwait Finance House (KFH) is the ultimate parent company. AREF Energy spearheads DEH’s objectives in the strategically important and fast growing energy business sector.
AREF Energy is listed on Kuwait Stock Exchange (ticker AREFEnrgy, formerly Excellent Education Co.) with a fully paid-up capital of KD 75 million.
AREF Energy has managed to acquire strategic stakes in a number of energy-related companies with operations geographically spreading over different regions. Islamic Sharia laws govern all of company’s current and future investments.
Rating: AREF Energy Credit Rating
Interview: Kuwait Oil Investments: Investing in Oil and Gas Technologies & Companies
Profile: AREF Energy | Investment Partner in Oil & Gas Services
Al-Muthanna Investment Company
Subsidiary of KFHLiquidity Management House for Investment Company K.S.C.C
Subsidiary of KFH
Al-Imtiaz Investment Company (A.I.I.C)
Al-Imtiaz is the result of a successful partnership between a distinguished group of well-established institutions, government organisations, companies and a number of investors. Shareholders.
Al-Madina for Finance and Investment
Manafae Investment Company
Manafae Investment Company (Manafae) was established in May 2005 as a Kuwaiti shareholding closed company K.S.C. as the result of an alliance between Al Imtiaz, and Kuwait Projects Company for Asset Management (KAMCO).
Tijari Investment Company
Warba Investment CompanyAdeem Investment & Wealth Management
Adeem Investment & Wealth Management falls under EFAD Holding. EFAD Holding belongs to Al Humaidhi family and it is one of the largest diversified investment holding companies in Kuwait.