Boubyan Bank is the first Islamic bank to be established in the state of Kuwait as per the Law of Islamic Banks no. 33 of 2003. The Bank was established as a Kuwaiti Public Shareholding Company on September 21st 2004 by virtue of the Amiri Decree no. 88 to practice all banking, financial and commercial activities in compliance with the provisions of the Noble Islamic Sharia.

Boubyan Bank’s shares have been listed in Kuwait Stock Exchange since May 15th 2006 as the Bank promoted the culture of Islamic Banking and the banking transactions based on truth, transparency, and integrity.

In 2009, the National Bank of Kuwait (NBK) managed to acquire 47.29% of the shares of Boubyan Bank which was increased to 58.3% during 2012. Since then, NBK has contributed to the development journey of Boubyan Bank.

Boubyan Bank success story is an example of entrepreneurship which is founded on a set of bases and strategies, the most prominent of which is the assessment of the business approach and putting it on the right path, then reinforcing the role and status of the bank in the banking market to place it among the best in the domestic banking institutions in general, and the Islamic ones in particular.

Leadership and Uniqueness of Exceptional Services and Customer Service

Boubyan Bank is known for its provision of exclusive and unique banking services and products which were first introduced by it in the Kuwaiti market. The Bank is also ranked as the best private sector institution in Kuwait in the field of customer service.

Furthermore, creativity and innovation have always been the corner stone for Boubyan Bank’s business model as the bank is keen on reinforcing this value through the innovative digital and electronic banking services, most of which is offered for the first time in the state of Kuwait.

Mission:

Achieving excellence in everything we do

We will do this by:

  • Always focusing on our customers
  • Working as a team to exceed our individual expectations
  • Maintaining the highest standards of integrity and professionalism
  • Fostering creativity and innovation in the products and services we offer and in the way we work
  • Focusing on our employees by creating a high-performing organization that nurtures, develops and provides exceptional opportunities for our people

Vision:

We aspire to become one of the top 5 Islamic banks in the world

Achieving excellence in everything we do.

Our commitment to YOU

  • We will always serve YOU in a friendly, courteous and professional manner.
  • We will always provide YOU with accurate information, honest advice and protect your wealth and privacy.
  • We will always listen to YOU carefully, and will always take prompt action on feedback, enquiries and complaints.
  • We will always provide YOU with innovative channels that allow you to bank conveniently and securely, anytime, anywhere.
  • We will always provide YOU with sharia’a compliance products that cater to your need and exceed your expectations.

What we expect from YOU

  • To be part of the Boubyan Bank family, our family treats all with courtesy and respect.
  • To provide us with timely and accurate information, we need it to serve you better.
  • To provide us with candid feedback, both positive and negative. Your feedback drives our journey towards perfection.

Shari’ah Perspective

In most Islamic countries, Islamic Banking & Finance will potentially grow both in terms of size and sophistication, so as to progressively dominate the domestic banking landscape. This however, may only materialize through a unique combination of focusing on the true spirit of Islamic Shari’a ethics and dynamics, cultivating a far-sighted belief in an ideal scenario of banking and business partnerships and a broad perspective of business adaptation and application that transforms challenges into opportunities.

The primary challenge of Islamic Banking today, is to reconcile its dual roles as a business facilitator and as a financial institution. Although growing remarkably fast in terms of size and regional expansion, the slow evolutionary process of Islamic Banking is exemplified in the prevalence of diluted alternative applications of Shari’a principles instead of the ideal balance between the application of PLS (Profit & Loss Sharing) mode of financing in measured combination with other fixed return modes.

Our answer is to create the perfect combination of comprehensive knowledge dynamics and a financial environment conducive to the development of profit-friendly and risk mitigating Islamic products and instruments. The opportunity lies in a co-operative effort on a global and regional scale, amongst Islamic Banks, between governments and banks at national levels and between the business community and the investor at the micro-level.

Website

http://www.bankboubyan.com/en/