KFH KEEN ON INDONESIAN AND SOUTH EAST ASIAN MARKETS

KUALA LUMPUR, Feb 17 (Bernama) -- Kuwait Finance House (KFH) is observing
developments in Indonesia and the South East Asian markets with keen interest.

In a statement Tuesday, KFH chairman and managing director Bader
Al-Mukhaizeem said this followed the success its wholly-owned subsidiary, Kuwait
Finance House (Malaysia) Bhd had witnessed.

He remarked that a similar development would make Indonesia a key player in
the area.

On Feb 15, Imran Gusman, a representative of the Indonesian president, urged
KFH to establish operations in Indonesia, since the company was a major and well
known Islamic financial establishment.

Imran had said that the Indonesian economy possessed qualities that
protected it from the negative impact of the current crisis.

"Indonesia among other things, is a country which depends on
exports and has a high population, in addition to housing a market that can
absorb numerous products.

"Also, Islamic financial transactions are continuously growing, with an
increasing demand for Shariah-compliant services and products," he added.

Al-Mukhaizeem highlighted that the expansion policy of KFH had been a
resounding success, whether for short-term or medium-term goals.

"Such a policy could also result in long-term successes as the strategic
investments are based on both professional and economic pillars," he added.
-- BERNAMA