Kuwait, 25 January 2025: Kuwait International Bank (KIB) is proud to announce that it has been named the Best Sharia-Compliant Bank – MENA 2024 by Capital Finance International (CFI.co) magazine. This prestigious award recognizes KIB's unwavering commitment to providing innovative financial solutions that adhere to the standards of Sharia law.

The esteemed judging panel of the magazine selected KIB from a group of nominated banking and financial institutions, recognizing the Bank for its comprehensive range of banking solutions that adhere to Sharia principles, its tailored financial products that meet the unique needs of its customers, its strategic initiatives aimed at enhancing customer experience and operational efficiency, its cutting-edge online and mobile banking platforms, and, finally, its active participation in community development and charitable activities. The panel commended the Bank for its knowledgeable and experienced team, which ensures compliance with the highest standards of Sharia governance, and its leadership in promoting and sustaining Sharia-compliant banking.

Commenting on KIB’s latest accolade, Raed Jawad Bukhamseen, Vice Chairman and CEO of KIB, said: “We are thrilled and honored to be recognized once again as the Best Sharia-Compliant Bank in the MENA region by CFI.co. This award is a testament to our commitment to providing customers with financial solutions that are not only Sharia-compliant and adhere to the highest global standards but also tailored to their specific needs, stemming from our main slogan, ‘Bank for Life.’”

Bukhamseen added: “KIB has established itself as a leader in the Islamic banking sector by offering a wide range of Sharia-compliant products and services, especially digital ones. The Bank’s initiatives focus on developing digital banking solutions, customer-centric services, and sustainable growth. As KIB continues to expand its portfolio of Sharia-compliant products, it remains committed to fostering a culture of innovation and excellence. We will continue setting the benchmark for the Islamic banking industry, helping drive positive change and economic development in Kuwait and beyond.”

Concluding his statement, Bukhamseen thanked all regulatory authorities, especially the Central Bank of Kuwait for its supportive role and the rational policies it applies to the banking sector. He also thanked the Chairman and members of the Board of Directors of KIB and the Executive Management for their continued support and tireless efforts aimed at achieving more success, as well as all of the Bank’s employees for their dedication and continued cooperation in developing the Bank and meeting the aspirations of customers and shareholders.