KIB wins prestigious award in Bahrain
‘Distinction in Social Responsibility in Islamic Banking 2017’
KUWAIT CITY, July 30: In recognition of its achievements and efforts within the local community, Kuwait International Bank (KIB) recently received the “Distinction in Social Responsibility in Islamic Banking 2017” award during the 2017 Social Responsibility in Islamic Banks conference. The conference was organized by the Regional CSR Network and was held in Bahrain under the theme “Commitments of Islamic Banks Towards its Beneficiaries”. The conference took place under the patronage of Bahraini Minister of Finance, Shaikh Ahmed Bin Mohammed Al Khalifa, and was attended by Chairman of the Board of Directors of the Bahrain Association of Banks, Global Social Responsibility Ambassador, Adnan Ahmed Yousif.
During the conference, Nawaf Najia, Manager of the Corporate Communications Unit at KIB, received this prestigious award on behalf of the Bank. This latest accolade reflects the Bank’s strong commitment to the highest standards of social responsibility, which has led it to continuously contribute to charitable initiatives, prioritize financial inclusion, as well as embed community-based initiatives within the Bank’s operations. Additionally, KIB is keen on issuing a social responsibility report and organizing a wide range of initiatives and activities that serve all segments of the local community. The Bank’s executive management has also put in place a clear and comprehensive social responsibility policy.
Aims
The Regional CSR Network is part of the United Nations Global Compact, an independent international advisory framework with offices in several countries across the globe. The network aims at spreading awareness regarding social responsibility and encouraging its implementation in both the public and private sector. Additionally, KIB’s training program titled “Social Responsibility Specialist in Islamic Banks” was launched during the conference. Accordingly, several discussions focusing specifically on social responsibility in Islamic banking took place, including: the exchange of experiences and standard practices, criteria for successful implementation and the importance of social responsibility in meeting the diverse needs of the community.
On this occasion, Najia expressed his delight at KIB winning yet another award, especially one that underscores the Bank’s exceptional success in several fields of Islamic banking, and in particular its outstanding efforts within the field of social responsibility. Furthermore, he pointed out that every success achieved by KIB acts as a powerful motivator, propelling the Bank towards many more successes and achievements in the future.
At the end, Najia noted that KIB continues to shine in the realm of social impact, as it provides ongoing financial and moral support for a number of key areas, including: youth, healthcare, sports, nationalism, humanitarianism, religion and culture. Through its all-encompassing social responsibility strategy, KIB has managed to garner a number of prestigious awards throughout the years, setting it apart from other local Islamic banks as a leader within the banking sector.