Press Releases

In light of the Central Bank of Kuwait’s strategy to develop qualified national cadres in the financial and banking sector, and in response to the changes in this field, the Kuwait Institute of Banking Studies (KIBS) announced the launch of the FinTech MBA Internal Scholarship Program for Kuwaitis, in cooperation the Gulf University for Science and Technology (GUST). The program is one of the initiatives under the “Kafa’a” program, led by CBK and managed by KIBS.

KIBS explained that the program offers the eligible students the opportunity to obtain a master’s degree while retaining the freedom to work after graduation in various public and private sector institutions, without any employment commitment to the banking sector or the Central Bank of Kuwait.

The program is aligned with national initiatives aimed at developing human capital and enhancing the readiness of national talents in fields related to financial technology, thereby contributing to the advancement of economic and social development in the State of Kuwait and raising the level of competitiveness in the financial and banking sectors.

KIBS lauded the local banks for their support of the initiative, and praised GUST that will deliver the program at the rigorous academic standards.

KIBS noted that program details and application requirements are available on the “Kafa’a” initiative’s website, urging Kuwaiti university graduates to review the admission requirements and ensure their eligibility as applicants.

The application period runs from 30 April to 30 June 2026, and further information is available on the website www.kafaakw.org