10. Kuwait Finance House (KFH)

Country: Kuwait
Sector: Banks & Financial Services
Acting Group CEO: Abdulwahab Iesa Alrushood
Market Value: $39 billion
Sales: $8.7 billion
Profits: $2.2 billion
Assets: $123.5 billion

KFH was established as the first Islamic bank in Kuwait in 1977. Today, it operates in 12 countries, with more than 680 branches. In 2022, KFH acquired Ahli United Bank – Bahrain, which converted into a licensed Islamic Bank in December 2023. It completed its merger with Ahli United Bank – Kuwait in February 2024. KFH launched a Shariah-compliant digital bank in Kuwait, Tam Digital Bank, in October 2023. The bank’s net profits increased by 55.3% to hit $2.2 billion in 2023. The Kuwait Investment Authority owned 15.67% of the bank as of mid-March 2024.