Kuwait Finance House – Bahrain's Baytik Ijara Card was declared the 'Best Islamic Covered Card' by Banker Middle East at its awards night in Dubai.

Banker Middle East is widely considered the most authoritative voice of the banking industry in the region. It sets the standards for financial journalism and has gained its reputation based on its accurate reporting, in-depth analysis and an unbiased editorial approach.

“It is an honour to receive such an esteemed award, especially as The Banker Middle East Awards are known for recognising excellence across a wide range of banking and financial services,” said Abdulhakeem Alkhayyat, managing director and chief executive of KFH-Bahrain.

“This is a clear recognition of the bank’s efforts towards taking the Baytik Ijara financing vehicle to the next level and does indeed represent a new concept in Islamic Financing,” added Nigel Rodrigues, chief executive of CPI Financial, publishers of Banker Middle East.

Receiving the award on behalf of the Bank was Mazen Sater, deputy head of Banking Group at KFH-Bahrain.-TradeArabia News Service