Kuwait International Bank (KIB): Fastest Growing Islamic Bank MENA 2019 & Best Sharia-Compliant Bank MENA 2019

KIB began its journey over four decades ago catering to Kuwait’s emerging real estate sector, but now sees itself more as a lifelong financial partner. While KIB’s early specialisation enabled it to shape the economic and architectural landscape of Kuwait, in 2017 it embarked on a transformation to address the changing economic climate and cater to regional needs. Since then, KIB has operated as a fully-fledged Sharia-compliant bank, embracing the traditions of Islamic finance, modern best practices and next-generation technology. Customer-centricity is an integral aspect of operations, and the bank harnesses the power of fintech advances to pioneer convenient products and secure services that are tailored to client needs. As a repeat winner in CFI.co award programmes, the judges have witnessed KIB’s meteoric rise. In 2018, it was included in the Premier Market segment of Boursa Kuwait, further boosting its investor profile at the regional and international levels. In 2019, KIB issued a $300 million AT1 perpetual Sukuk to fuel its local expansion plans and enhance its capital base. KIB’s ambition to be a “Bank for Life,” accompanying clients at every step and with every aspect of their daily lives, is very much evident. Without reservation, the judges declare Kuwait International Bank as winner of the Fastest Growing Islamic Bank & Best Sharia-Compliant Bank (MENA 2019) awards.