Kuwait Finance House (KFH)-Bahrain board of directors has appointed Abulhakeem Alkhayyat as CEO and Managing Director of the bank.

The decision was taken at a KFH – Bahrain board meeting held recently. Alkhayyat has been with KFH-Bahrain for five years and has extensive experience throughout Islamic Banking and related industries which has enabled him to adopt a pivotal role in the strategic development and success of the bank, a KFH statement said.

Commenting on his appointment Alkhayyat said, 'I am looking forward to continuing my aim of realizing the vision and mission for the benefit of the bank’s shareholders, customers, staff and the various committees operating within the bank.'

“The KFH Group, which was recently voted 'Best Overall Islamic Bank in the World' for the year 2007 is a driving force behind the development of Islamic banking methods that meet the needs of diverse clientele worldwide.'

'As part of the group, I am delighted at the opportunity to lead KFH-Bahrain and look forward to a period of consistent growth within the industry, by providing innovative Shari’a-compliant products, services and investment solutions to our clients across the region,' he added.

Alkhayyat pointed out that at KFH-Bahrain, banking was not just about money. 'For us, it contributes towards the improvement of people’s lives,' he said.

'Whether we’re providing commercial and investment banking services or financial products for consumers, we listen to our customers' needs, then, by focusing on innovation, we provide leading edge Islamic banking solutions that truly enhance their lives whilst staying faithful to Shari’a principles,' he added.-TradeArabia News Service