Company Profile For Kuwait Finance House K.S.C.

Kuwait Finance House KSC (KFH) is a Kuwait-based public shareholding company primarily engaged in providing banking, investment, real estate, trading and leasing activities in accordance to the Islamic Sharia principles. The Bank offers its services through five segments: Banking, Commercial, Corporate, Real Estate and Investment. Its Banking segment offers personal accounts, investment deposits, credit cards, foreign currencies and safe deposit boxes. Its Commercial segment offers Murabaha-based finance, lease, purchase and sale of vehicles, furniture, construction materials, and maintenance and spare parts. Its Corporate segment offers Murabaha, Ijarah (Leasing) Contracts and Istisna’a Contracts. The Real Estate segment offers local and international real estate services. Its Investment division offers direct investment, international investment, international real estate, treasury and investment fund reports services. KFH operates through 46 branches across Kuwait.

BRIEF: For the nine months ended 30 September 2009, Kuwait Finance House's total revenue decreased 11% to KWD620.5M. Net income decreased 52% to KWD106.4M. Total revenue reflects a decrease in murabaha, wakala, istisna'a and leasing income, investment income as well as losses from dealing in foreign currencies. Net income suffered from a substantial increase in provision for impairment, higher staff costs as well as general & administrative expenses.