Kuwait, 11 November 2024: Kuwait International Bank (KIB) is proud to announce the official launch of its investment arm, KIB Invest, designed to provide Islamic investment products and services. This new company will offer a diversified suite of investment solutions tailored to meet the evolving needs of clients, delivered by a team of seasoned professionals with extensive experience in local and international markets.

On the occasion of the launch, Sheikh Mohammed Jarrah Al-Sabah, Chairman of KIB, said: “We are delighted to officially introduce KIB Invest, which forms an integral part of our strategy to further strengthen our leading market position. Our aim is to address the growing demand for sophisticated, integrated, and diversified investment solutions.”  

He further added: “Through KIB Invest, we are committed to positioning ourselves as a leader in Islamic investment solutions, responding to the increasing demand for these services in the region.”

Anwar Jawad Bukhamseen, Chairman of KIB Invest, highlighted the company’s focus on delivering innovative Shariah-compliant investment products, remarking: “At KIB Invest, we are dedicated to offering a broad range of tailored solutions, from asset management to portfolio and fund management, as well as investment advisory services. Our vision is to excel in these areas while maintaining the highest standards of governance and transparency, creating long-term value for our clients and shareholders.”

Bukhamseen also emphasized the company’s approach to leveraging technology and innovation, “KIB Invest aims to provide cutting edge investment solutions that align with the growing global demand for Shariah-compliant products. Our highly experienced team of professionals, comprised of national talent, is committed to developing innovative products that contribute meaningfully to the Islamic investment industry.” In his remarks, Jamal Hamad Al-Barrak, CEO of KIB Invest, announced that several new and innovative products are under development and will be launched soon: “KIB Invest is well positioned to strengthen its investment capabilities. Thanks to its strong relationships with key players in both local and global markets. We are focused on building strategic partnerships that will drive business growth, expand our investment horizons and offer clients an even broader range of products and services.”

Al-Barrak further stressed KIB Invest’s commitment to regulatory compliance, stating: “We operate in full cooperation with regulatory authorities, adhering to the guidelines set by the Capital Markets Authority (CMA) and ensuring compliance with Islamic Shariah principles. Our dedication to robust governance, regulatory standards, and strict adherence to international best practices reflects our mission to safeguard investors' interests and mitigate risks.”