NEW @ KFH Malaysia - Kuwait Finance House

Issue 2 2011
PQ/PP1505(17504)
Malaysia
NEW @ KFH Malaysia
KFH Gold Account-i wins KLIFF’s
Most Outstanding Islamic Consumer
Banking Product award
Page 09
NEW @
KFH Malaysia
NEW @
KFH Malaysia
KFH Malaysia
finances schools’
infrastructure in
Johor through
Murabahah Tawarruq
‘Creating Footsteps
becomes KFH
Malaysia’s flagship
CSR initiative
Page 7
Page 6
Contents
Issue 2 - 2011
THE DUNES
Editorial Advisor
YBhg Dato’ Jamelah Jamaluddin
Chief Executive Officer
Editor
Akmal Baqi Mohamed Ariff
Corporate Communications
Contributors
Hajjah Rumaizah Dato’ Abu Bakar
New @ KFH
Malaysia
09
KFH Gold Account-i
wins KLIFF’s Most
Outstanding Islamic
Consumer Banking
Product award
(Head)
Fazidah Zakaria
Hardy Irwan Maarof
Huzaifah Mazlina Mohd Alias
Isnan Fitri Mohd Azmi
Muhammad Abdul Hakim
Gary Oh
perspective
03
Taking a leap
forward in Islamic banking
Kuwait Finance House (Malaysia) Berhad
Level 18, Tower 2, Etiqa Twins
11, Jalan Pinang, P.O.Box 10103,
50704 Kuala Lumpur, Malaysia.
KFH Malaysia Contact Centre:
Product
Highlight
04
KFH Current and
Savings Accounts (CASA)
07
KFH Malaysia
finances schools’
infrastructure in Johor
through Murabahah
Tawarruq
CEO of KFH Malaysia
receives Datukship
08
Up Close and
Personal with Raja Zarina
Raja Mohd Yusof, KFH
Malaysia branch manager –
Kuala Lumpur Main Branch
fun @ work
1800 888 KFH (534)
Website: kfh.com.my
All rights reserved by Kuwait Finance
House (Malaysia) Berhad. No portion of this
the experts say
05
Rising demand for
Islamic finance experts in
the global industry
written consent of the publisher.
ON THE COVER
YBhg Dato’ Jamelah Jamaluddin
receiving the KLIFF Award from YB Tan
Sri Nor Mohamed Yakcop.
2
THE DUNES — ISSUE 2 2011
New @ KFH
Malaysia
06
‘Creating Footsteps’
becomes KFH Malaysia’s
flagship CSR initiative
Photo contest puts Brand
Ambassador Cars in the
limelight
Home and automobile
financing impress Sarbex
visitors
Awarded for being the
best in Islamic finance
research
KFH-IHG partnership leave
cardholders smiling
Creating
Footsteps
13
What our logo
represents…
Islamic Banking
Awareness for Teens
500 hosted during Hari Raya
11
Staff bring to life
the mystic of ‘Arabian
Nights - A Night of 1001
Tales’
publication covered by the copyright herein
may be reproduced in any form without the
10
Festive gathering
for employees
Making our way into the
United States healthcare
real estate
Making a difference
through blood donation
‘Big Loss, Big Win’
challenge launched
At Group Level
12
Paving the way for
the biggest ever Islamic bank
Contribution of devices to
load wheelchairs
14
Big-hearted staff
donate cash & kind to
orphans
Branches celebrate
Ramadhan in meaningful
ways
15
Reaching out to the
people of Somalia
KFH Malaysia continues
support for Sahabat
Korporat Tabung Haji
Programme
Perspective
Perspective
Taking a leap forward
in Islamic banking
Our recent efforts
to advance our
retail and consumer
banking business
have started to
show results when
the bank bagged the
‘Most Outstanding
Islamic Consumer
Banking Product’
award for KFH GoldAccount-i at the
Kuala Lumpur Islamic
Finance Forum
(KLIFF) Awards 2011.
W
elcome to the second issue of our newsletter, The Dunes.
We are happy to update and inspire you with progress on
the bank and the financial industry, whether you are our
customers, employees or stakeholders.
As a full-fledged Islamic bank, Kuwait Finance House (Malaysia)
Berhad (KFH Malaysia) offers a wide range of Shariah-based products
and services in the field of corporate and investment to commercial
and retail banking. Our recent efforts to advance our retail and
consumer banking business have started to show results when
the bank bagged the ‘Most Outstanding Islamic Consumer Banking
Product’ award for the KFH Gold-Account-i at the Kuala Lumpur
Islamic Finance Forum (KLIFF) Awards 2011. The product has been
very well received by Muslims and non-Muslims due to it being secure
and convenient, and is further strengthened with the strong position
of gold in the market.
KFH Malaysia is dedicated to emulating the footsteps of its parent
company in Kuwait to be at the forefront in spreading the virtues and
knowledge of Islam in the areas where it operates. Since
setting foot in the country more than six years ago, the
bank has participated in the financing of many large-scale
projects for various industries, which include property,
healthcare and airlines. These efforts continue with KFH
Malaysia becoming the main financier in the infrastructure
development of Islamic religious schools in the state of
Johor. The Murabahah Tawarruq facility of up to RM160
million was provided to MysysNet Development Sdn Bhd,
the company appointed by the Johor state government to
undertake the project.
KFH Malaysia has also just announced its new Chairman,
Dr. Nabeel Al-Mannae. Dr. Nabeel was the Deputy Governor
of the Central Bank of Kuwait before joining the KFH
Group early this year. His extensive experience for over
two decades will enable us to boost KFH Malaysia as the
platform for long-term expansion of the Group in the AsiaPacific region, and thus support the aspirations of Malaysia
as an international Islamic financial hub.
In terms of corporate social responsibility (CSR), KFH Malaysia
has created its CSR flagship where we hope to streamline our
contribution to society. We have also organised several staff
activities to inculcate the spirit of togetherness. We hope our
combined efforts in business, employee welfare and community
development will lead us to overall long-term success.
Best regards,
YBhg Dato’ Jamelah Jamaluddin
Chief Executive Officer
THE DUNES — ISSUE 2 2011
3
Product Highlight
KFH
Current
and Savings
Accounts
(CASA)
KFH Savings Accounts:
The KFH Savings Accounts are a smart way to plan and manage one’s money. Enjoy
convenience and peace of mind as money deposited is invested in accordance
to Shariah principles. The accounts are based on the Shariah principles of both
Qardh (non-interest bearing loan) and Mudharabah (profit sharing) concepts. Profit
derived from the deposit invested by KFH Malaysia will be shared between the
account holder and the bank based on a pre-determined profit-sharing ratio agreed
by both parties and is paid on a monthly basis.
1) KFH Basic Savings Account-i
The minimum deposit to open an
account is RM20.
2) KFH Savings Account–i
The minimum deposit to open an
account is RM250
KFH Current Accounts:
The KFH current accounts ease the managing of your personal and business
banking needs. The accounts are structured based on the Shariah principle of
Qardh Hasan (benevolent loan) where the money deposited into this account
is not subject to any risk in investment nor is it exposed to profit or loss. The
products are ideal for those who regularly issue cheques to make payments with
no fixed value and/or frequency.
1) KFH Basic Current Account-i
The minimum deposit to open an
account is RM500
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THE DUNES — ISSUE 2 2011
2) KFH Current Account-i
The minimum deposits to open an
account are:
• RM1,000 for individual/joint
account
• RM5,000 for companies/nonindividual
What are the advantages?
As a customer, you get to manage your
banking matters easily at our branches
nationwide, online, and through our
Self Serving Terminals (SST). Immediate
access to funds via our ATM network
(with MEPS & GIRO) enable customers
to perform withdrawal and enquire the
balance of funds transferred within 22
participating banks and through 7,000
ATMs nationwide. KFH Online Internet
banking services allows customers to
conduct a wide variety of services such
as online bill payments, mobile phone
top up, fund access and transfers, and
investment account placement.
How do I manage my account?
These are statement-based accounts,
and with this feature, it will give
additional convenience to you to
transact (without the need to carry or
update the passbook) and it is hasslefree (no worry of the loss of passbook
etc.). Copies of your statement can be
made available upon request. Account
statements are sent to you via mail on
a monthly basis. You can also check
your balance through KFH Online
Internet banking services.
KFH Online provides a secure access
to your KFH Malaysia accounts via
the Internet and offers various
online banking services from the
convenience of your own home.
Customers will be able to perform
account enquiry, funds transfer, bill
payment and investment account,
among others. E-mail alert option is
also available for account transfer,
third party transfer, interbank
GIRO (IBG), iPay (IBFT), foreign
telegraphic transfer and standing
instructions.
For further information, visit
kfh.com.my or call 1800 888 KFH (534).
The Experts Say
RISING DEMAND
FOR ISLAMIC FINANCE EXPERTS
IN THE GLOBAL INDUSTRY
Introduction: Rapid growth of Islamic finance industry globally
Islamic banking assets in Malaysia have grown an average of 20 per cent annually
since 2006 to RM350.8bn (USD111bn) in 2010. It is estimated that Malaysia will
provide job opportunities for more than 12,000* practitioners of Islamic finance.
Islamic finance worldwide is also experiencing a similar growth. Assets that
comply with Islam’s tenets are estimated to almost triple by 2015 to USD2.8
trillion. Shariah-compliant bonds returned 6.9 per cent this year, according to
the HSBC/NASDAQ Dubai US Dollar Sukuk Index, outpacing the 5.9 per cent jump
in emerging-market debt. Global sales of sukuk have risen to USD17.4bn in 2011,
from USD10.7bn in the same period last year. Issuance reached a record USD31bn in
2007.
Supply versus demand for talent
Significant growth in the industry in the last few years, combined with the
establishment of new players in non-traditional markets is taking a toll on the
sector’s already limited pool of human capital where demand far outnumbers the
supply. The movement of highly-skilled candidates from one country or region
to another is becoming the norm. The Islamic finance industry is already seeing
a bottleneck where there are more companies and projects formed than there
are skilled individuals to fill these vacancies. The sustainable growth of Islamic
finance is highly dependent on the availability of professional talent to meet the
diverse needs of the industry. This unfavourable development calls for employers
to be more flexible and realise that there really is a ‘competition for talent’
and the best equipped and most farsighted will be the winner, especially as the
market grows on a global basis.
The high demand for Malaysian Islamic banking experts due to
English language proficiency and pull factors from the GCC
The more mature markets in countries such as Malaysia are undergoing a ‘brain
drain’, where Islamic finance professionals especially are being offered positions
in other mature markets, such as the Gulf Cooperation Council (GCC) countries,
where the industry is experiencing unprecedented growth. Headhunting is being
carried out on a global basis to lure these prized candidates with attractive salary
and benefits. The tax-free status provided is a significant incentive for them to
change jobs. Other ‘pull factors’ include higher earnings potential and better
career prospects as well as higher quality of education and quality of life abroad.
Hence, our talents are being exported and they are doing very well abroad.
Efforts taken to increase talent, globally and in Malaysia
Acknowledging the situation, Bank Negara Malaysia (BNM) has established
the International Centre for Education in Islamic Finance (INCEIF), with
* Source: Bank Negara Malaysia, 2011
programmes for practitioners and
post-graduate studies, in a bid
to establish a balance between
talent supply and demand. Other
Human Capital Development (HCD)
initiatives include generous tax
incentives that are accorded for
talent enrichment; an endowment
fund worth USD62.5 million that
was established to fund the
enhancement of knowledge,
research, talents and intellectual
discourse in Islamic finance; and
supportive immigration policies that
encourage expatriates to participate
in Malaysia’s Islamic finance
industry. The country is currently
home to two Islamic universities
and various institutions of higher
learning offering specialisations and
training in Islamic finance.
Various efforts and initiatives have
been undertaken worldwide to avert
shortage of Islamic finance industry
experts. These include:
•A Bahraini group, one that sets
standards for Islamic finance in 45
countries, is helping universities
start Shariah-compliant business
courses to avert a shortage of
experts in the USD1 trillion market.
•Pakistan is offering its first
doctorate in Shariah banking, while
the United Arab Emirates (UAE) has
introduced an Islamic Masters of
Business Administration.
•Countries including Nigeria,
Thailand, Australia and France plan
to introduce legislation to facilitate
Islamic financing, moves that will
boost demand for scholars to certify
that the products meet Islam’s ban
on interest payments.
•Canadian University of Dubai is
offering a UAE- accredited MBA in
Islamic banking.
•Experts in Singapore are also
setting up an association focused
on Shariah-compliant investments
to foster links between bankers,
lawyers and investors in the Arabian
Gulf and Asia.
THE DUNES — ISSUE 2 2011
5
New @ KFH Malaysia
‘Creating Footsteps’
becomes KFH Malaysia’s flagship CSR initiative
KFH Malaysia launched its flagship
Corporate Social Responsibility (CSR)
initiative called ‘Creating Footsteps’
on Wednesday, 24 August 2011 while
unveiling the new CSR logo that aligns
the bank’s best experiences in CSR.
“We have inherited the spirit
and conviction from our parent
company in Kuwait which has
continued to reaffirm the bank’s
social role and apply the notion of
social responsibility through various
means and occasions, both in Kuwait
and countries with its international
presence. The new CSR flagship
signifies our commitment to make
both small and giant steps towards
the creation of a better society” said
YBhg Dato’ Jamelah Jamaluddin,
CEO, KFH Malaysia.
Under the banner of ‘Creating
Footsteps’, KFH Malaysia will
undertake programmes and activities
that are in line with the four
quadrants as prescribed by the Bursa
Malaysia CSR Framework. These
consist of Marketplace, Community,
Workplace and Environment. The
overarching principle of these
categories is the Islamic values, in
line with the bank’s stature as an
Islamic financial institution. This
values sees KFH Malaysia at the
Photo contest puts Brand
Ambassador Cars in the limelight
KFH Malaysia launched a photo
contest for its customers
recently as part of its efforts
to raise awareness of the
bank’s Brand Ambassador Car.
Contestants were required
to spot and snap a shot of
the KFH Malaysia Brand
6
THE DUNES — ISSUE 2 2011
Ambassador car and submit it
to win a gift. The contestant
judged with the ‘Most Creative
Photo’ will be announced soon.
All photos submitted
were uploaded onto the KFH
Malaysia Facebook wall.
forefront in spreading the virtues
and knowledge of Islam in areas
where it operates.
The launching ceremony took
place at a berbuka puasa event
where KFH Malaysia played host to
90 underprivileged children from
Pusat Jagaan Siraman Kasih Rawang
and Pertubuhan Kebajikan Anak-Anak
Yatim Islam Daerah Sabak Bernam.
The children from the welfare homes
were also presented with gifts and
money packets for Hari Raya. Other
guests present included the bank’s
corporate clients and members of the
media.
Home and automobile
financing impress
Sarbex visitors
In its efforts to raise awareness
of Islamic Banking, KFH Malaysia
participated in the Sarawak Builders’
Expo 2011 Total Living (Sarbex 2011)
from 30 September 2011 to 02 October
2011 at the Borneo Convention Centre
Kuching. Among the products showcased
were KFH Malaysia’s Istisna’a Home
Financing-i, Murabahah Home
Financing-i and the Automobile Ijarah-i.
Also generating great interest among
visitors was the KFH Gold Account-i.
New @ KFH Malaysia
KFH Malaysia finances
schools’ infrastructure in Johor through
Murabahah Tawarruq
KFH Malaysia became the main
financier to MysysNet Development
Sdn Bhd for the construction of 97
Islamic religious schools in Johor
through a Murabahah Tawarruq
facility of up to RM160 million.
The signing ceremony of the
financing facility took place on
Thursday, 28 July 2011 in Johor
Bahru.
This financing arrangement reflects
our commitment to increase the
investment in Johor and to further
explore opportunities for strategic
partnerships with the state government
and people of Johor towards mutual
progress.
As an Islamic financial
institution, we
are emulating the
footsteps of our
parent company in
Kuwait to be at the
forefront in spreading
the virtues and
knowledge of Islam in
the areas where we
operate.
Apart from providing financing,
KFH Malaysia will supply relevant
facilities and equipment for the
resource centres of these Islamic
religious schools, as part of its
corporate social responsibility
initiatives.
“As an Islamic financial
institution, we are emulating the
footsteps of our parent company
in Kuwait to be at the forefront in
spreading the virtues and knowledge
of Islam in the areas where we
operate. We hope that the schools
and students will benefit fully from
the resource centres,” said YBhg
Dato’ Jamelah Jamaluddin, CEO,
KFH Malaysia.
CEO of KFH Malaysia receives Datukship
In recognition of her contributions
to the Islamic finance industry, YBhg
Dato’ Jamelah Jamaluddin, CEO, KFH
Malaysia was conferred the Darjah
Kebesaran Dato’ Paduka Mahkota
Kelantan Yang Amat Mulia (DPMK)
award by Ke Bawah Duli Yang Maha
Mulia Sultan Muhammad V, Sultan and
Yang Dipertuan for Kelantan Darul
Naim.
This was on the occasion of His
Royal Highness’ 42nd birthday on
Saturday, 12 November 2011. Through
her leadership and foresight, KFH
Malaysia has made it possible for the
people of Kelantan to benefit from
the bank’s innovative range of Islamic
banking products and services, as well
as receive effective intermediation
from its branch in Kota Bharu.
THE DUNES — ISSUE 2 2011
7
New @ KFH Malaysia
UP CLOSE AND PERSONAL
WITH RAJA ZARINA RAJA MOHD YUSOF,
KFH MALAYSIA BRANCH MANAGER – KUALA LUMPUR MAIN BRANCH
How do you feel about your role as
the Branch Manager, KFH Malaysia
KL Main Branch?
Since KFH Malaysia decided to grow
its retail banking business more than a
year ago, the branch has also geared
up its efforts to support the bank’s
overall objectives. During the first six
to eight months after I assumed this
role, we focused on customer outreach
activities. My staff would often go
out and meet potential customers to
introduce our retail and consumer
banking services and products. The
branch caters to a wide geographical
sector, and we reach out to customers
as far as Bangi, Bangsar and Taman
Tun Dr Ismail. I love my job and I am
passionate about branch business.
Can you share a little on your
background?
I have been in the banking industry
for 18 years. My experience consists
mostly of branch operations and
customer service, among others.
I have three school-going children.
We spend most of our vacations at
island resorts and beaches. During
family time, I play games with my
kids or get involved in storytelling.
In terms of hobby, I enjoy health and
fitness activities. I like going to the
gym, jogging and cycling, which I
intend to do more aggressively. My
husband and I love Johor food and
take the time to explore different
outlets.
What do the city customers look
for in a bank?
The city customers are aware of
Islamic banking and the benefits of
the products available. Most of them
are very busy, so you have to speed
up the process and make it easy for
them. They value personalised service
and covenience, where their bankers
provide consistent updates on the
current market situation and share
investment advice. This is where you
8
THE DUNES — ISSUE 2 2011
the implementation of our retail
strategies and advertising campaigns,
we see an increasing demand for
our products and services. More
customers are coming to do their
banking with us.
Where do you see KFH Malaysia
and the branch moving in 3 years?
I am grateful for
colleagues’ referrals
and we also benefit from
our collaborative work
culture. It is a competitive
market, but with drive and
high commitment, we
shall succeed.
gain customer loyalty and referral,
especially from high net worth
clients, when they are confident that
excellent service will be delivered
throughout.
What is the current most
popular product?
KFH Gold Account-i is an excellent
product and hard to beat. Customers
are confident with its Islamic concept
and pleased with the fees waived. It is
basically buying and selling gold without
any hidden charges. This transparency
makes customers happy doing their
banking with us. To date, gold account
contributes to 35% of KL Main Branch’s
current and savings accounts.
What have you observed since
the branch’s opening?
I first joined KFH Malaysia as part
of the bank’s pioneer batch and
then re-joined as part of the retail
team. KFH Malaysia is a relatively
new bank and we are still growing.
Customers are getting more aware
of the KFH Malaysia brand. Following
With the opening of KFH Malaysia’s
new branches nationwide, enhancing
our sales team and the introduction of
sophisticated products and services,
I believe we will become one of the
preferred banks in the country. I am
grateful for colleagues’ referrals and
we also benefit from our collaborative
work culture. It is a competitive
market, but with drive and high
commitment, we shall succeed.
How do you manage your busy
schedule and achieve a worklife balance?
Focus is very important to me. I
maximise office hours to complete
my responsibilities and deliver on
time. It takes good planning and
time management to be able to cope
and reach your target at the end of
the year. I am also lucky to have an
understanding and supportive family.
How big is your branch team and
how do you motivate them?
I manage a team of 12 from both
sales and operation units. We have
an informal weekly get-together to
bring us closer and inculcate team
spirit. My staff are groomed to be
independent and hands-on to serve
customers. I support them with
my experience and by giving them
referrals and advice on how to face
the on-going challenges. I constantly
coach and educate them so they will
continuously grow and be able to take
on higher responsibilities. Teamwork
is very crucial for us to deliver. As
the branch grows, the team is more
prepared to be spread out to reach
out to a wider customer base.
New @ KFH Malaysia
KFH Gold Account-i wins KLIFF’s Most Outstanding
Islamic Consumer Banking Product award
KFH Malaysia added another
feather to its cap with the ‘Most
Outstanding Islamic Consumer
Banking Product’ award for its
KFH Gold-Account-i at the Kuala
Lumpur Islamic Finance Forum
(KLIFF) Awards 2011 on
05 October 2011.
“We are delighted to be
acknowledged for our contribution
towards the development of
Islamic finance in the country,”
commented YBhg Dato’ Jamelah
Jamaluddin, CEO, KFH Malaysia,
after receiving the awards from
YB Tan Sri Nor Mohamed Yakcop,
Minister in the Prime Minister’s
Department.
The innovative KFH Gold
Account-i product allows
customers to invest in gold in
a convenient and secure way
without having to keep the gold
physically. It is also the first
Shariah-compliant gold account
in Malaysia. To date, more than
3,000 Muslim and non-Muslim
account holders have contributed
to well over 700 kilograms in gold
sold.
The KLIFF Awards 2011 is
meant to honour, recognise and
acknowledge the significant efforts
and contributions by individuals
and institutions in developing the
Islamic finance industry.
Lucky customer wins
gold in Gold Discovery II
Campaign
Saiful Azam Haji Shaffi became
the prize winner of the KFH
Malaysia Gold Discovery II
campaign which ran from 26
May 2011 to 31 August 2011. The
Campaign offered ten monthly
prizes and a grand prize of a
KFH-Gold Account-i with a deposit
value of one kilogram of gold.
Commenting on the campaign,
Saiful said, “I am delighted to win
the grand prize. When I first heard
about the KFH Gold Account-i from
friends, I felt confident to open
an account as KFH Malaysia is a
trusted Islamic financial institution
and the position of gold in the
market was very strong. I am also
pleased with the personalised and
attentive service from the staff.
Based on my recommendation,
many of my friends have opened a
gold account with the bank too.”
THE DUNES — ISSUE 2 2011
9
Fun @ Work
Festive
gathering for
employees
I
t was a memorable day indeed for
400 employees of KFH Malaysia
in the Klang Valley when they
were invited to a special Hari Raya
Aidilfitri gathering at the Kuala
Lumpur Golf and Country Club on
Monday, 19 September 2011.
YBhg Dato’ Jamelah
Jamaluddin, CEO, KFH Malaysia
and the senior management
team hosted the local Board
of Directors and members of
the staff, who were treated
to a wide variety of Hari Raya
favourites. Many were also
happy to get Polaroid shots of
themselves and their colleagues
against a typical kampung scene
backdrop that was set-up in the
banquet hall.
500 hosted during
Hari Raya
KFH Malaysia successfully organised a
special Appreciation Gathering for 500
corporate clients, regulators, partners
and members of the media at the Kuala
Lumpur Convention Centre on Wednesday,
21 September 2011 in
conjunction with
Hari Raya Aidilfitri.
Present at the event
to host the guests
were among others,
KFH Malaysia’s Board of
Directors, YBhg Dato’
Jamelah Jamaluddin,
CEO, KFH Malaysia and
senior teams from the
Business and Support
Divisions.
10
THE DUNES — ISSUE 2 2011
Fun @ Work
Staff bring to life the mystic of
‘Arabian Nights - A Night of 1001 Tales’
Staff of KFH Malaysia went all out to dress
to the theme of ‘Arabian Nights - A Night of
1001 Tales’ when they attended their Annual
Dinner on Saturday, 29 October 2011.
Held as the grand closing for the
KFHMB Sports & Recreation Club calendar,
the Annual Dinner was a mystical night of
great food and even better entertainment
what with multi-talented composer,
producer and singer M. Nasir thrilling
the crowd with his songs. The event was
emceed by Ally Iskandar. Everyone loved
the games, lucky draws and table draws
that were held with prizes that included
a MacBook Air, a Blackberry 9900 Bold
Touch and a Samsung Galaxy Tab 10-inch
among others.
WINNERs
Platinum Draw
Aw Sze Foon
Best Dress Male
Abdul Haris Abdul Halim
Creative Dress Male
Ken Yong Kian Guan
Best Dress Female
Shahirah Atiqah
Creative Dress Female
Nita Aidura Mokhtar
Making a difference
through blood donation
Organising committee members of
KFH Malaysia OSH thank all bank staff
for participating in the blood donation
drive at Etiqa Twin Towers on Friday,14
October 2011. The bank also received
great response from tenants of Etiqa Twin
Towers. The blood donation drive was held
in support of KFH Malaysia’s Corporate
Social Responsibility initiative.
‘Big Loss, Big
Win’ challenge
launched
Group Human Capital of
KFH Malaysia in partnership
with the bank’s third-party
medical administrator,
PMCare, recently launched
the ‘Big-Loss, Big-Win’ Body
Makeover Challenge at KFH
Malaysia with the objective
of improving the health and
fitness levels of their staff.
THE DUNES — ISSUE 2 2011
11
At Group Level
Making our way into The United StateS healthcare real estate
Paving
the way for
the biggest
ever Islamic
bank
KFH Bahrain is leading efforts to
establish the biggest ever Islamic bank
in the region by arranging the merger
of three Bahraini Islamic banks.
Abdul Hakim Al-Khayyat, CEO
and Managing Director, KFH Bahrain
explained that once complete, the
merger would result in a banking entity
with a capital of USD400 million and
assets of USD500 million. The merging
operation stems from KFH’s belief
that Islamic banks can lead the global
economy, especially after the recent
global financial crisis.
KFH has formed
an investment
partnership with
Grosvenor Investment
Management US, Inc.
(GIM), to invest up
to USD600 million
in US healthcarerelated real estate
which targets the
acquisition and
development of
private-pay senior
living facilities and
medical office buildings in the US.
Ali O. Al-Ghannam, Head of
the International Real Estate
Department KFH, said that growing
healthcare expenditure both in
absolute terms and as a percentage
of GDP, coupled with increasing
average life spans, were likely to
drive demand for this sector well
into the future. As such it was an
opportune time to invest in this
sector considering that healthcare
is currently the US’ largest industry
and also the country’s leading
projected sector for job creation.
Awarded for being the best in islamic finance research
Contribution of devices
to load wheelchairs
KFH showed its support for the Kuwaiti
Sports Club for the Handicapped by
providing its members with devices to
load their wheelchairs onto cars. This
gesture was part of the bank’s effort
to improve the living conditions of the
disabled.
Past contributions by KFH include
the building of chalets at Al-Zour, in
addition to organising ‘Handicapped
Day’ through a KFH subsidiary. The
bank’s branches also currently offer
a phone service for the hearing
impaired that does not require
pressing any buttons and which allows
them to manage their accounts
efficiently.
12
THE DUNES — ISSUE 2 2011
KFH Research won the award
for Best Islamic Finance
Research from Asset Magazine
in recognition of the company’s
research accuracy and influential
abilities.
The award is testimony to
the company’s high quality and
in-depth research, in addition to
their ability to react with regional
and global developments, more
so during current economic times
when accurate financial reporting
and analysis is critical for success.
During its first three years, KFH
Research drew critical acclaim for
the in-depth studies and research
prepared and published on various
economic sectors in the GCC and
elsewhere.
KFH-IHG partnership
leave cardholders smiling
Prepaid credit cardholders of KFH
are in for some solid privileges
and discounts now that KFH has
launched a strategic partnership
with IHG Kuwait in conjunction with
Intercontinental Hotels Group (IHG).
This partnership was to reinforce
KFH’s market share in the local
banking cards market.
With this programme, KFH clients
with prepaid cards can receive up
to 25% in discounts and a free 50%
discount activation voucher valid at
35 restaurants under IHG’s umbrella
in Kuwait. They will also enjoy
privileges offered by the Crowne
Plaza and Holiday Inn Salmiyah.
KFH Malaysia’s new Corporate Social Responsibility (CSR) flagship
was launched on Wednesday, 24 August 2011. The bank unveiled
its new CSR logo, ‘Creating Footsteps,’ which aligns the bank’s
best experiences in CSR. Guided by Islamic values, KFH Malaysia
is at the forefront in spreading the virtues and knowledge of Islam
in the areas where it operates. The move signifies the bank’s
commitment to make both small and giant steps towards the creation of a better society. KFH Malaysia hopes to
pave the way and inspire others to reconcile the economic, social and environmental ambitions for the country.
What our logo represents…
The green emblem of the ‘Creating Footsteps’ logo signifies the Kuwait Finance House brand. The
four-coloured leaves inside the emblem represent the four quadrants as prescribed by the Bursa
Malaysia CSR Framework, under which the bank’s CSR programme is structured.
The orange leaf represents the ‘COMMUNITY’ i.e. school enhancements and assistance to
underprivileged communities
The blue leaf represents the ‘MARKETPLACE’ i.e. Business & Knowledge such as micro-financing,
entrepreneurial seminars for low income communities, Islamic banking knowledge-sharing with university students
The pink leaf represents the ‘WORKPLACE’ i.e. staff volunteer work
The lime green leaf represents the ‘ENVIRONMENT’ i.e. tree-planting and environmental awareness
Islamic Banking Awareness for Teens
KFH Malaysia continued its CSR
flagship initiative - ‘Creating
Footsteps’, with the Islamic
Banking Awareness and Social
Entrepreneurship for Teens
programme held on Saturday, 10
September 2011 and Saturday,
24 September 2011. The
programme’s main objective
was to enrich school students on
the various aspects of Islamic
banking and financial planning.
The team from SMK Seksyen
7, Shah Alam won RM3,000 to
enhance their Music Room and PA
system. Kudos also to the team
from Sekolah Agama Menengah
Tinggi Tengku Ampuan Jemaah
for winning RM3,000 to set up
a Student Activity Centre. Last
but not least, congratulations
to the SMK Chung Hwa team for
winning RM3,000 to build lockers
at their school.
The customised programme
was led by trainers from
Moneytree (M) Sdn Bhd with the
assistance of volunteers from
KFH Malaysia.
THE DUNES — ISSUE 2 2011
13
Big-hearted staff
donate cash & kind
to orphans
KFH Malaysia’s Credit &
Risk Management Division
(CRMD) Team contributed
RM8,070 in school clothing,
school books, story books,
Al-Quran, Muqaddam as
well as games and toys
and a cash contribution to
Rumah Anak Yatim Darul
Aminan in Seremban,
Negeri Sembilan.
The donation was
handed over to the
orphanage’s Chairman
Tuan Haji Kamalul Arifin
Abu Kasim during a
teambuilding activity at
Klana Resort in Seremban.
The orphans were also
treated to a high-tea and
telematch games.
ka Puasa
ANCH - A Berbu
KOTA BHARU BRfor orphans, the poor
d
hel
s
wa
rs on
feast
ll as single mothe
and needy as weJuly 2011.
20
ay,
esd
Wedn
– A donation of
JOHOR BHARU BRAeNCH
to 63 orphans from
RM5,000 was mad Yatim Darul Hanan in
Rumah Anak-Anak
Pasir Gudang.
BATU PAHAT BR
ANCH - A Be
feast was held
for poor kidsrbuka Puasa
13 August 2011
on Satu
Hidayah in Ba at Masjid Jamek Al- rday,
tu Pahat, Joho
r.
Branches celebrate
Ramadhan in meaningful ways
KFH Malaysia was
Kuching branch - r and supporter of
the main contributocalled Majlis Iftar
a fundraising eventCentre Sarawak 2011
Perdana, Hidayah pleks Islam Sarawak
held at Dewan Kom
2011.
on Sunday, 21 August
A snapshot of KFH Malaysia branches throughout the country
sharing the blessings of Ramadhan with the underprivileged.
Penang Branch - A Majlis Berbuka
Puasa was held for 65 orphans from
Rumah Anak Kesayangan Penang and
Rumah Permata Kasih in Butterworth.
SHAH ALAM BRANCH – RM5,000 was
donated to 35 orphans from Rumah
Harapan Al-Khadeem on Friday, 19
August 2011.
en of Persatuan
ah
KLANG BRANCH –Childr
m & Miskin Al-Munir
Kebajikan Anak Yati buka Puasa meal on
Ber
a
were treated to
2011
Thursday, 25 August
14
THE DUNES — ISSUE 2 2011
KOTA KINAB
received RMALU BRANCH - 50 orphans
supported by50 each at an event
Sabah CawangJabatan Penerangan Ne
geri
an Putatan.
Reaching out to the people of Somalia
In efforts to help alleviate
the suffering of the people of
Somalia, KFH Malaysia donated
RM200,000 to the NSTP -Media
Prima Disaster Fund for Famine
Victims in Somalia on Friday, 21
October 2011.
YBhg Dato’ Jamelah
Jamaluddin, CEO, KFH Malaysia
presented the cheque to Datuk
Amrin Awaluddin, Group Managing
Director, Media Prima Berhad, as
a gesture that was part of the
bank’s social responsibility efforts.
Also present were Akmal Baqi
Mohamed Ariff, Head of Corporate
Communications, KFH Malaysia
and Puan Mastura Adnan, Group
General Manager of Corporate
Communications Department,
Media Prima Berhad.
KFH Malaysia Continues Support for Sahabat Korporat Tabung Haji Programme
KFH Malaysia contributed 30,000
umbrellas worth RM486,800 to
pilgrims performing the Hajj this
year during a symbolic handover
at the headquarters of Lembaga
Tabung Haji in Kuala Lumpur on
Thursday, 08 September 2011. The
event was officiated by YB Major
General Dato’ Seri Haji Jamil Khir
Haji Baharom, Minister in the
Prime Minister’s Department.
This gesture was part of KFH
Malaysia’s ‘Creating Footsteps’
Corporate Social Responsibility
flagship initiative to support efforts
under Islamic values, in line with
the bank’s stature as an Islamic
financial institution.
This is KFH Malaysia’s fourth
year as corporate partner of the
Sahabat Korporat Tabung Haji
programme. In 2010, KFH Malaysia
contributed 15,000 pairs of ihram
garments worth over RM400,000.
THE DUNES — ISSUE 2 2011
15