Islamic Banking

Kuwait Firm Expands Islamic Banking in Asia

Tom Burroughes Deputy Editor London 14 March 2008

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.

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes