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# Kuwait Finance House Posts Record FY2024 Net Profit of KD 601.8 Million as Financing Income Rises 18.7%
- URL: https://www.theglobalbanker.com/kuwait-finance-house-fy2024-record-net-profit-kd-601-8-million-financing-income-surge/
- Published: 2025-01-28T16:43:00.000Z
- Updated: 2026-10-02T14:37:33.000Z
- Description: Kuwait Finance House reported a record FY2024 net profit of KD 601.8 million, up 3.0% year-on-year, as net financing income rose 18.7% to KD 1,147 million.
- Author: TGB Editorial Team
- Tags: Banking News, MENA, #archive

Kuwait Finance House reported a full-year 2024 net profit attributable to shareholders of KD 601.8 million, a 3.0% increase year-on-year and the highest annual profit in the bank's history, according to results announced on 28 January 2025\. 

Net financing income — the Islamic banking equivalent of net interest income, representing the spread earned on Sharia-compliant financing and investment contracts — rose 18.7% year-on-year to KD 1,147.0 million. 

#### OPERATING INCOME GROWS 9%

Net operating income — stated after operating expenses, which is why it is lower than net financing income — grew 9.0% year-on-year to KD 1,030.7 million. KFH's network extends beyond Kuwait to operations in Bahrain, Turkey, the United Kingdom, Germany and Egypt, among other markets.

Group CEO Khaled Al-Shamlan said KFH's solid operating performance led to growth in operating income, profits, the financing portfolio and all key financial indicators.