Kuwait Finance House to exit Malaysia after almost two decades of operations

KUALA LUMPUR: Kuwait Finance House KSCP said it has decided to voluntarily withdraw from the Malaysian market and wind down Kuwait Finance House Bhd after 19 years of operation.

"Our primary focus is to facilitate a smooth transition, reflecting our deep appreciation for the business partnerships we have developed in Malaysia. We do not foresee any service disruptions to clients, employees, and partners,” she said. According to its website, KFHMB is the first foreign Islamic bank that was granted a licence under the Islamic Banking Act 1983 on May 8, 2005 and commenced branch operations on Aug 8, 2005.

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