Kuwait Finance House (Arabic: بيت التمويل الكويتي) (KFH) was established in the State of Kuwait, in 1977, as the first bank operating in accordance with the Islamic Shari'a rullings. KFH is listed in Kuwait Stock Exchange (KSE), with a market capitalization of $8.2 billion (KWD 2.49 billion) as of May 2016. Assets total $55.52 billion (KWD 16.83 billion) and deposits amount to $34.97 billion (KWD 10.66 billion.) Kuwait Finance House was established in 1977 as Kuwait’s first Islamic bank. It received 170 applications to open new accounts on its first day of operation on 31 August 1978.