In December of 2013, AMIFC was awarded the status of an Islamic Finance Company by Central Bank of Kuwait. AMIFC’s conservative financing norms, thorough analysis of the marketplace and its firm recovery policy enabled it to capture a significant share of the Islamic financing market in Kuwait.
As an Islamic finance company, AMIFC extends Sharia’a compliant financing products to individuals, small and medium businesses and to renowned large corporations including turnkey financing for Government projects. AMIFC’s financing services stretches over a wide range of products, which are processed through Ijarah, Musawama and Tawarouq contracts.
AMIFC’s Corporate Department focuses on the SME segment of the market where it offers a range of innovative products that would allow for efficient and effective management of international trade transactions and business conducts. Between issuing, amending and the financing letters of Credit and financing IBCs, to providing simplified solutions to sponsoring a company’s international trade needs, AMIFC ensures any SME’s financing needs are met.