KFH was established as the first Islamic bank in Kuwait in 1977. As of December 2024, it operated 602 branches across eight countries. In January 2025, the group’s second sukuk issue of $1 billion was listed on the London Stock Exchange. KFH sold its stake in KFH-Bahrain to Al Salam Bank in May 2024. In August 2024, the group sold its 18.18% stake in the Sharjah Islamic Bank for $352.4 million. KFH’s total assets declined by 3.4% to $119 billion in 2024.