KUWAIT: Fora third consecutive year, KIB garnered the ‘Best Islamic Bank GCC’ award forthe year 2018 from World Finance; a leading, global financial magazinespecializing in finance and banking, whose GCC Awards have continued torecognize leading financial and investment institutions in the GCC.
KIBreceived this award based on the result of a set of key criteria set forth bythe World Finance Editorial Panel, featuring a group of professional editors.According to World Finance, KIB’s strong financial performance has demonstratedthe successful implementation of its new customer centric business strategy andits strength in providing a wide range of Shariah-compliant banking solutionsto both retail and corporate customers. KIB has also established itself as theIslamic Banking of choice, not only in Kuwait, but in the GCC region as well,with constant innovation, outstanding customer service and meeting all keycriteria including: Sharia-compliant financial products and services,progressive forward looking approach to Islamic finance, competitive strategy,use of technologies, leadership, corporate governance, in addition to itsdedicated corporate social responsibility.
Onthis occasion, Chairman of KIB, Sheikh Mohammad Jarrah Al-Sabah said: "We arehonored to have received this prestigious award once more. This achievement hasfully manifested our continuous commitment to strive for excellence indelivering premium banking products and services and our newly implementedstrategic direction. Not only is this a strong recognition reaffirming KIB’sstanding in the banking industry, but it is also a great motivator – driving usto achieve more and perform better.”
Al-Jarrahadded that, this year has truly been a turning point for KIB. The Bank embarkedon a new phase through a brand new strategy. KIB’s new approach had it focusingmainly on becoming customer-centric; thereby strengthening its financialstanding in the Islamic banking sector. Accordingly, the Bank has carved adistinctive place for itself amongst other major financial institutions in theregion, forging ahead with its strategic plans to further enhance its standingwithin the market by offering innovative sharia compliant banking solutions.
World Finance magazine specializes in the financial and banking industry and is one of the most prominent and independent global financial evaluation bodies. The Magazine recognizes leaders in the industry through international awards and enjoys extensive experience managing a number of internationally recognized award programs across the globe. Known across the industry as a leading source of information for private and global investors, World Finance is recognized as a global market benchmark for many sectors and industries.