KIB named ‘Best Islamic Bank in Kuwait’ – Al-Dawli honored by World Finance for third year in a row

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KUWAIT CITY, May 7: Kuwait International Bank (KIB) adds a new achievement to its track record after receiving the “Best Islamic Bank in Kuwait” for 2016 Award from World Finance for the third consecutive year. KIB was rightfully awarded by the specialized and most reputed financial magazine in the London Stock Exchange in recognition of its unique achievements and commitment to providing innovative banking services and solutions in accordance with the Islamic Sharia principles.

 “We are extremely proud that World Finance, the specialized institution in the financial and banking sector that is known for its credibility and impartiality, recognizes us for our successive achievements and especially after our recent win of the “Best Sharia Compliant Bank in the Middle East” Award for 2016 from Capital Finance International”, commented KIB Chairman, Sheikh Mohammad Al-Jarrah Al-Sabah.

Al-Jarrah confirmed that KIB’s sequential achievements, honour and awards are a solid recognition of its distinction and leadership in the Islamic banking sector, as well as an obvious proof of customers’ trust, and confidence. “KIB’s success, and sound reputation is based primarily on three factors; its prudent leadership, investment in technology and innovation, and its continuous strive to employ talented professionals with high calibre which have helped collectively in putting the bank at the forefront of the industry”, he added.

Al-Jarrah concluded by affirming the bank’s determination to keep moving forward by developing innovative Islamic banking products for its individual and corporate customers to satisfy their banking demands and needs. He asserted that the secret to maintaining the forefront position lies in continued innovation with trust and ease.

It’s worth noting that Kuwait International Bank (formerly known as Kuwait Real Estate Bank) was founded in May 1973 to meet the growing needs of customers, at that time, and provide specialized services in the real estate sector.

In July 2007, the bank went through a one-of-a-kind transformation from a traditional/conventional bank into a leading comprehensive bank operating in accordance with the Islamic Sharia under a new name “Kuwait International Bank”. Today, the bank stands at the forefront of the industry and offers a wide range of banking products and services like: Deposits, Investment services, finance products like Murabaha (auto, real estate, and commodities), Istisna’a, Tawarruq, Wakala, lease to own, credit cards and many others. KIB services are tailored to individuals, as well as small and medium businesses like finance projects, treasury, LC’s, LG’s and real estate services like property management.

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