Islamic Banking
Kuwait Firm Expands Islamic Banking in Asia

Kuwait Finance House (Malaysia) has started offering wealth management products alongside information technology firm Firium Solutions and the Islamic financial planning consultant Amanie Business Solutions. Under the agreement, Amanie would provide financial planning consultation while Firium would provide the wealth management solutions. KFH plans to open a branch in Johor, Malaysia in April this year with another opening soon in Penang, Malaysia. These new offices will add to the existing three branches in the country’s Klang Valley. Meanwhile, KFH is applying for a licence to manage Islamic financial services in Australia as well as fund management activities in Singapore.