MTI Consulting has awarded Kuwait Finance House (KFH) as the Best Islamic Retail Brand of the year at the gala dinner and award ceremony of the 15th World Islamic Banking Conference (WIBC) held in Bahrain on 24th November, 2008. For the first time such a prestigious and strategic award has been introduced at the WIBC. It recognizes the growing dominance and importance of Islamic Finance, in particular the need to harness and develop the Retail Islamic Finance Market, which will provide the foundation for sustainable growth of the Islamic Finance.

KFH was adjudged the winner because of its fast growing retail business, innovation in product development and successful branding initiatives. KFH’s robust growth in assets and revenues has helped the bank outperform its peers and the industry. The bank has also started innovative retailing formats such as the Automall.

MTI Consulting’ study for the award covered top 50 publically listed Islamic banks across the globe. The selection criteria for the award included various aspects such as size of assets, size of revenues, business growth, branch network, innovation in product development, branding initiatives and social responsibility.

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MTI Consulting is a fast growing international strategy consultancy with operations in UK, Dubai, Bahrain, Malaysia, India, Pakistan, Bangladesh and Sri Lanka, having worked with leading multi-national and regional clients across 33 countries in 5 continents, offering the full bouquet of management and marketing consulting and research solutions.

In the Middle East Region, MTI has a strong presence in the Financial Services Industry having worked with the likes of American Express, Ahli United, BBK, BKIC, Citibank, Credimax, Daman, Isthithmar, Solidarity, Standard Chartered to name a few. MTI also has a strong Non-Financial Services practice, having worked with the likes of Adidas, Al Ghurair, Aujan, Batelco, Birla, Cargill, DuPont, Emirates, Fuji, ICI, Government of Pakistan, Triumph, Vodafone to name a few.