Kuwait International Bank: Fastest Growing Islamic Bank and Best Sharia-Compliant Bank MENA 2018

Dual-award recipient for the third consecutive year, Kuwait International Bank (KIB) has been providing the country with financial services for over 40 years, establishing itself in 2007 as a full-fledged Islamic bank to meet the nation’s growing demand for Sharia-compliant financial services. The bank’s growth continues to impress, with 2017 deposit balances totalling nearly $4b and increases across the board this year, from total assets and financing receivables to operating income and customer acquisition. The bank’s vision is be the Islamic bank of choice in Kuwait, and it’s employing a three-pillar strategy to achieve it. The first pillar focuses on digitisation of financial and retail services in order to meet the evolving needs of a tech-savvy society. The second pillar encompasses the bank’s corporate and SME advisory services, while the third targets ‘one-stop’ real estate shopping. KIB’s digital innovation and customer-centric approach has kept the bank ahead of the technology curve, enhancing and streamlining customers’ virtual banking experience across every touch point and communication channel. Dedicated Islamic scholars sit on KIB’s Sharia Supervisory Board, which leverages the bank’s tech innovation to customise its offerings and tailor products to conform to Islamic finance principles. The CFI.co judging panel commends the bank’s agile advancement, and congratulates Kuwait International Bank on winning the 2018 Best Sharia-Compliant Bank MENA award (fourth consecutive year) and the 2018 Fastest Growing Islamic Bank MENA award (third consecutive year).