KUWAIT CITY, Dec 18: In recognition of its commitment to offer the best Sharia compliant banking solutions, Kuwait International Bank (KIB) was recently bestowed with the Best Sharia-Compliant Bank in the Middle East and North Africa (MENA) 2016 Award from CFI.co, the leading print journal and online resource specializing in the finance and banking sectors.
KIB received the award for the second consecutive year as a result of its leading role in the Islamic banking industry, and its commitment to offering both corporate and individual clients a wealth of products and services, in full compliance with the principles of Islamic Sharia.
Speaking about this achievement, Sheikh Mohammad Al-Jarrah Al-Sabah, Chairman of KIB, said: “This award comes as a testament to KIB’s commitment to offering its clients a diverse and comprehensive range of innovative banking solutions, designed to suit the individual needs and aspirations of customers who prefer to conduct their banking under a fully Shari’a compliant model. We are immensely proud to have received this honor from an independent international assessment body, which is considered to be one of the most prominent London-based organizations specializing in the finance and banking sectors.”
Al-Jarrah further added: “Being named Best Sharia-Compliant Bank in the MENA region for 2016 is a continuation of KIB’s ongoing streak of successes and achievements. This accolade serves to further enrich our existing record of excellence and leadership within the Islamic banking sector, on both a local and a regional level.”
KIB’s chairman also applauded the efforts of the Bank’s Fatwa & Shari’a Supervisory Board, who plays a key role in overseeing all internal and external operations, in addition to monitoring all of the Bank’s products and services, in order to ensure complete compatibility with Islamic Shari’a regulations. He further reiterated KIB’s strong belief that the success of any organization is dependent on the efforts and dedication of its employees; noting that the Bank’s team features highly qualified and experienced banking professionals across all levels of the organization, who all work together to help KIB attain its strategic objectives and long-term goals.
KIB has garnered numerous local and international prestigious awards over the past few years. One of the biggest accolades came from World Finance, with KIB being named “Best Islamic Bank in Kuwait” consecutively in 2014, 2015 and 2016, as well as “Best Islamic Bank in the GCC” in 2016 as part of the annual GCC Investment & Development Awards. Most recently, KIB also won the “Best Banking Vision” Award for the year 2016 by CPI Financial in the Islamic Business and Finance Awards category.