KIB wins ‘Best Sharia-com­pli­ant Bank in MENA 2016’ Award

Kuwait Times - - BUSINESS -

In recog­ni­tion of its com­mit­ment to of­fer the best Sharia-com­pli­ant bank­ing so­lu­tions, Kuwait In­ter­na­tional Bank (KIB) was re­cently be­stowed with the Best Shari­a­com­pli­ant 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 Sharia 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 & Sharia 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 Sharia 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.

Sheikh Mo­ham­mad Al-Jar­rah Al-Sabah

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